SentFundsScam-broker register

Recovery scams: how fraudsters target victims twice

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Losing money to a scam broker is bad enough. What many people don’t expect is the second scam that follows — the “recovery” scam.

How it works

Fraudsters buy or scrape lists of victims and pose as recovery agents, lawyers, or even regulators. They promise to get your money back — for an up-front fee.

The golden rule

Never pay an up-front fee to recover funds. Legitimate help does not work that way. Anyone demanding payment before recovering anything is running a scam.

Protect yourself

Be sceptical of anyone who contacts you out of the blue about a loss, especially if they already know details about your case. When in doubt, ask us first — we never charge up-front fees.

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