Funds Advocates.org (good reviews on Trust point)

Jolanta Rup

Recruit
Messages
5
I have no idea who to trust anymore I am trying to establish if organization called Funds Advocatets.org (good reviews on trust point only) that apparently recovered my money from OBR hidden in the dark web as bitcoin and want me to pay them in bitcoin to retrieve it. This doesn't sound real but I don't know much about it. I am so desperate that I want to believe in it. Lost all my retirement money OBRinvest.
 

Pharaoh

Colonel
Messages
20,119
99.999% of "recovery" companies are nothing but scams designed to remove more money from your wallet.

fundsadvocates.org was created on May 12, 2021. That's not very long ago, but they claim to have received 7 (unnamed) award and to have helped hundreds of clients. Wow, that's fast for such a new company (if it's true, which I doubt).

They claim to be "A registered and licensed private investigation agency" yet didn't bother to share a license number. That's one more big red flag in my book.

Their About Us page claims they were founded in 1993. Yeah, sure. All those trust pilot reviews started in July 2021.

"Funds Advocates is the only fund recovery and fraud investigation agency that can assure 100% recovery of your stolen money." :D :D :D :D Even simple credit card chargebacks do not always get all the money back, and these people claim to be able to magically recall cash no matter how it was sent.

Check your conversation messages here in the forum. Read the one from FPA Admin Bot (everyone gets one of those). That's a pretty good explanation of how these recover room scams work.
 

Jolanta Rup

Recruit
Messages
5
99.999% of "recovery" companies are nothing but scams designed to remove more money from your wallet.

fundsadvocates.org was created on May 12, 2021. That's not very long ago, but they claim to have received 7 (unnamed) award and to have helped hundreds of clients. Wow, that's fast for such a new company (if it's true, which I doubt).

They claim to be "A registered and licensed private investigation agency" yet didn't bother to share a license number. That's one more big red flag in my book.

Their About Us page claims they were founded in 1993. Yeah, sure. All those trust pilot reviews started in July 2021.

"Funds Advocates is the only fund recovery and fraud investigation agency that can assure 100% recovery of your stolen money." :D :D :D :D Even simple credit card chargebacks do not always get all the money back, and these people claim to be able to magically recall cash no matter how it was sent.

Check your conversation messages here in the forum. Read the one from FPA Admin Bot (everyone gets one of those). That's a pretty good explanation of how these recover room scams work.
Thank you
 

Jolanta Rup

Recruit
Messages
5
I am retired that didnt know anything about forex have been tricked by regulated forex company OBRinvest to deposit all my savings and open to many big trades and lost it all. Was searching for recovery company. Did anyone heard of Global Refund Group they took my Credit card as initial payment so I am hope they are legit. Been asked to pay crypto from 2 companies before. Is Hard to trust
 

Pharaoh

Colonel
Messages
20,119
As mentioned above, the fact that it calls itself a recovery company means it's incredibly likely to be a scam. They all claim to have lawyers, but don't ever bother to show the names.

There is one real lawyer who has posted at the FPA about handling cases against EU regulated brokers. They do have fairly high minimums and do charge upfront fees, but consultations are free. You can see more about them here:

https://www.forexpeacearmy.com/community/threads/we-resolve-your-dispute-with-forex-and-crypto-regulated-brokers.63313/


Focus on how you sent the money. If by credit card and you can show that they never intended to provide the promised service of withdrawal, you can approach your credit card's issuing bank and file for a chargeback. If by bank wire, you can ask your bank about how to file wire fraud charges.

Another tactic is to file complaints with their regulator, with the EU's financial regulators, and the financial regulators in your country. Some may not do anything, but they are all guaranteed to do nothing if you don't file a complaint.
 

JimmyRozza

Sergeant
Messages
123
Be very careful who you trust out there. Sometimes it's better to take a loss, learn your lesson and move forward.
 
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