The Most Common Widespread Scams

If you are a victim of any one of the most common widespread scams listed here on our website, your first priority is to recover your investment. 

You lost your money to one of the most common widespread scams that target the public at large. You can sue, but that can take an eternity. No less importantly, an attorney’s retainer and court costs can easily exceed the amount of money you lost. And who do you sue when you have no idea where the supposed brokerage physically is 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.

Moreover, no scammer uses his or her real name. The names you have are mere aliases.

Below are some basic tips on how to spot and avoid all types of widespread scams.

How to Spot the Most Common Widespread Scams

  • A total stranger “cold called” you (i.e., contacted you out of the blue)
  • The caller promises a specific profit by a specific date
  • The caller pressures you by imposing deadlines
  • The offer is a special offer meant just for you
  • The address of the company making the offer is hard to find on its website, and when you do find it you see it is in a small, underpopulated country you can’t easily find on a map – keep in mind that the phone number on your screen doesn’t prove anything in the age of internet telephony and online commerce

How to Avoid the Most Common Widespread Scams

  • 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, even if it requires appeals to the bank ombudsman or a banking industry oversight agency

Please contact us for additional information.