Info Are these recovery companies legit or not?

[Pharaoh]

Credit/Debit chargebacks have the best chance. Otherwise, try complaining to whatever money transfer service was involved.

 

[adela07]

I have try different companies but looks like they are another scam.
I have applied for chargeback at my bank but unfortunately they didn't do too much.
I am still hoping I will get one day the right person to help me with this matter.
Thanks to everyone for your response.

 

[Clay Davidson]

So many scammers appeared this days which pretend to help you after something else that I do not even condone about that anymore. Would you call it quit or not ? I am totally disconnected for everything beind done. I hope you realise it.

 

[Katootje]

I am also 100% sure this is a scam.!!

I got the same email - apparently all our details are sold and re-sold across the globe, each being approached with yet another scam, Dont fall for it! IT IS A SCAM!!

These guys are operated by Global Top Marketing LTD - alias - profit trade - or even more names

Official warnings on the Austrian Financial Market Authority site:

“Profit Trade” GPS Marketing LTD und Global Top Marketing LTD Release Date: 1. March 2019 | Categories:  Investor Warning Pursuant to Article 4 para. 7 first sentence of the Bankwesengesetz (BWG; Banking Act), the Austrian Financial Market Authority (FMA) may disclose to the general public by publication on the Internet, in the official gazette “Amtsblatt zur Wiener Zeitung”, or in any other newspaper with nationwide circulation, that a particular natural or legal person (person) is not entitled to carry out certain banking transactions, provided that said person has given cause for such action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the person concerned. By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 02.03.2019, the FMA hereby informs that “Profit Trade” GPS Marketing LTD 29 Dzavaharal Neru Str Sofia, Bulgaria and Global Top Marketing LTD Trust Company Complex, Ajeltake Road, Ajeltake Islands, Majuro, Marshall Islands www.profit-trade.com office@profit-trade.com are not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account nor on behalf of others (Article 1 para. 1 no. 7 BWG).

 

[Katootje]

I am also 100% sure this is a scam.!!

I got the same email - apparently all our details are sold and re-sold across the globe, each being approached with yet another scam, Dont fall for it! IT IS A SCAM!!

These guys are operated by Global Top Marketing LTD - alias - profit trade - or even more names

Official warnings on the Austrian Financial Market Authority site:

“Profit Trade” GPS Marketing LTD und Global Top Marketing LTD Release Date: 1. March 2019 | Categories:  Investor Warning Pursuant to Article 4 para. 7 first sentence of the Bankwesengesetz (BWG; Banking Act), the Austrian Financial Market Authority (FMA) may disclose to the general public by publication on the Internet, in the official gazette “Amtsblatt zur Wiener Zeitung”, or in any other newspaper with nationwide circulation, that a particular natural or legal person (person) is not entitled to carry out certain banking transactions, provided that said person has given cause for such action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the person concerned. By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 02.03.2019, the FMA hereby informs that “Profit Trade” GPS Marketing LTD 29 Dzavaharal Neru Str Sofia, Bulgaria and Global Top Marketing LTD Trust Company Complex, Ajeltake Road, Ajeltake Islands, Majuro, Marshall Islands www.profit-trade.com office@profit-trade.com are not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account nor on behalf of others (Article 1 para. 1 no. 7 BWG).

P.S. On the footer of the front page GEMT website, operated by GPS Marketing Ltd....

 

[FmrBrokerExecutive]

Pretty much 100% of these recovery companies are scams.

They act as though they can magically open up offshore accounts, credit card processors, etc with no legal authority.

It's very hard just to force a licensed UK brokerage to give you back money without suing them, etc.
The idea some shady company can recover funds from a broker in St Vincent or the Marshall Islands... come on folks.. think about it. Not going to happen. If you trade with these shops that offer 400x leverage, etc you are doing the same as gambling at an offshore casino.

 

[Katootje]

Pretty much 100% of these recovery companies are scams.

They act as though they can magically open up offshore accounts, credit card processors, etc with no legal authority.

It's very hard just to force a licensed UK brokerage to give you back money without suing them, etc.
The idea some shady company can recover funds from a broker in St Vincent or the Marshall Islands... come on folks.. think about it. Not going to happen. If you trade with these shops that offer 400x leverage, etc you are doing the same as gambling at an offshore casino.

Avoid them!! A few tips to recognise the scam: BRON : https://www.consumer.ftc.gov/articles/0102-refund-and-recovery-scams

Scam artists buy and sell "sucker lists" with the names of people who already have lost money to fraudulent promotions. These crooks may call you promising to recover the money you lost or the prize or merchandise you never received — for a fee in advance. That's against the law. Under the Telemarketing Sales Rule, they cannot ask for — or accept — payment until seven business days after they deliver the money or other item they recovered to you.
How the Scams Work
Many consumers might not know that they have been scammed by a bogus prize promotion, phony charity drive, fraudulent business opportunity or other scam. But if you have unknowingly paid money to such a scam, chances are your name is on a "sucker list." That list may include your address, phone numbers, and other information, like how much money you've spent responding to phony offers. Dishonest promoters buy and sell "sucker lists" on the theory that people who have been deceived once have a high likelihood of being scammed again.
These scammers lie when they promise that, for a fee or a donation to a specific charity, they will recover the money you lost, or the prize or product you never received. They use a variety of lies to add credibility to their pitch: some claim to represent companies or government agencies; some say they're holding money for you; and others offer to file necessary complaint paperwork with government agencies on your behalf. Still others claim they can get your name at the top of a list for victim reimbursement.
The Federal Trade Commission (FTC), the nation's consumer protection agency, says claims like these often are false. Although some federal and local government agencies and consumer organizations help people who have lost money, they don't charge a fee. Nor do they guarantee to get your money back, or give special preference to anyone who files a formal complaint.
Seeing Through a Recovery Scam
Here are some tips to help you avoid losing money to a recovery scam:

• Don't give money or your bank or credit card account number to anyone who calls offering to recover money, merchandise, or prizes you never received if the caller says you have to pay a fee in advance. Under the Telemarketing Sales Rule, it's against the law for someone to request or receive payment from you until seven business days after you have the money or other item in hand.
• If someone claims to represent a government agency that will recover your lost money, merchandise, or prizes for a fee or a donation to a charity, report them immediately to the FTC. National, state, and local consumer protection agencies and nonprofit organizations do not charge for their services.
• Before you use any company to recover either money or a prize, ask what specific services the company provides and the cost of each service. Check out the company with local government law enforcement and consumer agencies; ask whether other people have registered complaints about the business. You also can enter the company name into an online search engine to look for complaints.

 

[FmrBrokerExecutive]

Great points!

 

[Pejek]

I have try different companies but looks like they are another scam.
I have applied for chargeback at my bank but unfortunately they didn't do too much.
I am still hoping I will get one day the right person to help me with this matter.
Thanks to everyone for your response.

Hi,
Have you found anybody to help you? I am looking for this help as well, plz update me if you have managed to do it.

 

[adela07]

Not yet.
I am still searching and if I will find something I will let you know.
So far until now nobody gives me in off trust they're not another scam.
If you are going to found someone please let me know is well.