Binary Options Scam Exposed
HOW TO RECOVER MONEY LOST TO SCAM
I have heard many people say, “it is not possible to get your money back” after you have been scammed, but that is not completely true. Whether you will be able to recover money lost to a scam is dependent on the type of scam that was played on you and how soon a report was made to the relevant authorities. In this article, Investigators247 will be guiding you through some of the steps that can be taken to recover the most lost to scam.
Let us quickly delve into some of the popular scams and how you can get your money back.
1. Binary Option Scam
If you feel you have been defrauded by a Binary options company, the steps below exemplify actions that can be undertaken to help aid the recovery of some of your money. Listed below are the processes to follow:
Firstly, it is vital to inquire whether cryptocurrency is regulated within your jurisdiction. If regulated, it is important that a complaint is filed with the SEC. Why do you need to file with the SEC? Some of these companies are registered, and it is the SEC’s responsibility to regulate them. Filing a complaint will prompt the SEC to investigate the company and bring it down. But because virtually all the companies in the business of scamming people in the name of Binary options are not licensed and are usually run by fake people with fake identities, reporting to SEC may not be a viable option and may not achieve or bring about the desired result.
Secondly, you might want to consider laying a complaint in your jurisdiction with any law enforcement agency, such as the US FBI. This is mainly for investigatory purposes, but this is usually not an easy task as most of these companies operate with fake identities. Furthermore, considering that investigation by the FBI is often quite slow, these fraudster companies would have depleted the wallet/funds before the investigations are concluded, and as such, the purpose of recovery would have been defeated.
The third option, which in most cases is often not a palatable one, is to let go, provided the amount of money lost is what you can bear, and refrain from putting more money any further.
Lastly, you can try to use virtual recovery firms or engage the services of an investigative agency. This, however, calls for caution because most of these investment companies now act as recovery firms and are out to max/rip you off. We can categorically tell you this because many people have fallen victim to the same scam over again.
Some people have been defrauded twice because they went to the wrong place to seek help. Do not be desperate. When you send your complaint to the recovery team, the firm will review your claim to ensure that you invested with these Bitcoin or Cryptocurrency companies and have a valid claim. As soon as your dealings with these Binary bogus options companies have been established, the firm would proceed with their investigation from there.
Finally, I must also advise that having been the victim of fraud comes with psychological effects and as such, please inform your therapist if need be.
2. Online Romance Scam
This is also referred to as a catfish scam. The keyword or prompter here is “if it sounds too good to be true, it is most likely a scam” While the internet has created a massive platform for people around the world to meet potential dates, it nevertheless suffers from con artists who are out to trick the innocent and gullible. Barring numerous warnings, hundreds of lonely and well-meaning online daters continue to fall victim to these manipulative and heartless scammers. They not only break their hearts but also empty their bank accounts.
An online dating scam or romance scam occurs when a scammer, male or female, joins an online dating site or chat room and uses fake profiles to contact potential victims. Many online dating sites accept free membership and usually do not screen their members. Therefore. It becomes a fertile ground for scammers who enjoy anonymity. Usually, these con artists play along, claiming to seek only a “real soulmate” they hold this front till they are sure you will believe everything they say. The truth is, they do not even care about you; they only want your money.
Often a scam is easy to see through, like your chat partner sharing an incredibly beautiful image of his/herself. They usually make use of stolen pictures as bait to lure victims. They do not usually answer phone calls and will have no voicemail alternative. They talk more about themselves than asking about you. They try to evade your questions, or there is a long pause before they reply. This is possible because these scammers at one-time work on a lot of people, and you are probably just one of many people they communicate with via email or chat.
But how do you differentiate between a real online affair from a scam? Since most experienced scammers are usually very careful with how they deal with their victims, it can be quite difficult to identify a scammer. Frequently, they invest weeks or months to convince the victim they are in a loving internet-relationship.
If you have already lost money to a catfish scam, there is not a lot you can do to recover it. The best course of action would be to report the scammer’s profile to the administrators of the chat/dating site where you met him/her. Alternatively, if you are so determined to get your money back, get in touch with an Investigation team or a recovery agent and provide all the necessary information about the fraudster, and sit back while they do their job.
Conclusion
While this article has focused on highlighting and guiding you through some of the steps that can be employed to recover money lost to scams, it has also revealed the difficulties and challenges associated with some of these steps. To mention a few, reporting to SEC or the FBI in respect of Binary options scams or to the administrators of a dating site in respect of online romance scams might not bring about the desired result because of the nature and sophistication of the scam involved. The best option or alternative remains to engage the services of a private investigatory team or firm. For all those who have fallen victims to either Binary options scam or online romance fraud and wish to recover the lost money, you can contact or reach via info@investigators247.com