Widespread Scams

If you have been victimized by any one of the major scams listed here on our website, your first priority is to recover your investment.  You can sue, but that can take an eternity, and, no less importantly, an attorney’s retainer and other legal fees can easily wind up exceeding the amount of money you lost.  And who do you sue when you have no idea where the supposed brokerage is really located and who really runs it?  In some underpopulated island nation or somewhere behind what was once the Iron Curtain?  That’s a legal fiction, the proverbial fig leaf.  No one from the company really resides or works there.  They incorporated there precisely because that country’s governmental infrastructure is too superficial to provide you with any protection.

Below are some tips on how to spot and avoid just about every typical scam.

How to Spot a Scam

  • You were “cold called” (i.e., contacted out of the blue) by a total stranger
  • You’re promised a specific profit by a specific date
  • Pressure is being applied by imposing deadlines
  • You’re told that this is a special offer meant just for you
  • The company making the offer is registered in a small, underpopulated country you can’t easily find on a map – the phone number you’re called from doesn’t prove anything in the age of internet telephony and online commerce

How to Avoid Being Scammed

  • Never accept any unsolicited offer without investigating it thoroughly
  • Be skeptical − if it sounds too good to be true it probably is
  • Do not correspond in writing, hang up if they call back and never provide or confirm any personal information
  • Check to see if the offer comes from a firm that appears on a warning list published by your country’s financial or investment regulator or is owned by another company that is
  • Consult an independent investment specialist before making any commitment

How We Can Help

MyChargeBack offers you effective strategies.  If you authorized payment using your credit or debit card, chargeback rules provide you with a lot of leverage to recover your funds – if you know how to take advantage of your rights.

The process involves several stages:

  • Our experts thoroughly review all your documentation (a process that can take up to two weeks)
  • We then prepare a detailed, written request for you to present to your bank
  • We will continue to follow your request if that is required, even if it requires appeals to the bank ombudsman or a banking industry oversight agency

Please contact us for additional information.