Problem https://www.recoverylawyers.net - Recovery Room Scammers?

[Domski]

I have tried. We have written to the ombudsman and now the bank have 8 weeks to respond. I then have 2 weeks after I get a response (or not) to contact the ombudsman otherwise they will assume the case is closed. Seems somewhat unfair to me but it has done from day one with the banks. I would have hoped the ombudsman would be more willing to help but it seems not.

 

[Domski]

All I can say is Stay well away, Domski ! No-one could recover that amount of money in such a short space of time. And if they could, why don't they reveal their identity ? Obviously they have something to hide. Once you get valid proof of their identity, you may give them another consideration, otherwise run away as fast as you can...

So just in case anybody gets contacted by Reclaws International, they are the same guys as Recovery Lawyers. Seems that name didn't work out for them or hopefully the bad press here is what made them change name.

 

[4evermaat]

I have no issue with India or Indians. My issue is with a law firm who don't communicate professionally in "the queens english". Unfortunately in today's world, communication counts for a lot as do first impressions and writing in incorrect English does not breed confidence. As for fees up front....I wish someone would work on a no win no fee basis but I have never found anyone however I am beginning to think all recovery companies are as shady as the scammers and not worth an extra loss.

I'm amazed they said they couldn't help. Sorry to hear but not sure if that's a good sign about them or not. Nobody does a no win no fee to my knowledge though

Success: with other clients sure ! As far as I'm concerned, the case is still open, so I can't say whether I'm going to win it or not. All I can say is their investigations were very thorough, and their fees very reasonable. The arrangement in my case was $1000, payable in three monthly installments, plus 5% of the recovered funds. In the end they decided to hand the case over to a lawyer firm, so as to have better chances of success. But they often pull it through on their own.

Very strange, they want to charge me 10% up front and 20% of recovered funds. More than anyone else has quoted.

Most likely those lawyers in Israel (or India or wherever) are in on the recovery room scam as well. A lot of the larger binary options firms are able to exist in Israel due to their protection from high-level politicians.

I think WinChargeback are one of the few honest ones; but i don't have any specific recovery recommendations other than to equip yourself about the professional side of forex (market microstructure et. al). And also, at least the chargeback process is more transparent as you can still follow-up with what the agent is doing for you by calling the bank yourself. With the other recovery options, how can you tell the person is actually doing what they say??

 

[Domski]

Wi

Most likely those lawyers in Israel (or India or wherever) are in on the recovery room scam as well. A lot of the larger binary options firms are able to exist in Israel due to their protection from high-level politicians.

I think WinChargeback are one of the few honest ones; but i don't have any specific recovery recommendations other than to equip yourself about the professional side of forex (market microstructure et. al). And also, at least the chargeback process is more transparent as you can still follow-up with what the agent is doing for you by calling the bank yourself. With the other recovery options, how can you tell the person is actually doing what they say??

Winchargeback do seem legit, but now they just refer people to Giambrone who most definitely do not.

 

[4evermaat]

Wi

Winchargeback do seem legit, but now they just refer people to Giambrone who most definitely do not.

Like I said, A good book is Trading and Exchanges: Market Microstructure for Practitioners by Larry Harris. I've attached a copy of the draft version here.

Too many people getting burned are depositing 10s or 100s of thousands of $ € £ and have not taken the time to even understand what they are getting themselves into. Even a casino is better regulated, and you can lose your money with more dignity [if there is such a thing].

You wouldn't knowingly deposit your money with a fake bank, would you? So then why are so many people depositing their money with fake brokerages?

I tried to explain this to another FPA member and they got angry because they "just wanted their money back"

 

[Domski]

Like I said, A good book is Trading and Exchanges: Market Microstructure for Practitioners by Larry Harris. I've attached a copy of the draft version here.

Too many people getting burned are depositing 10s or 100s of thousands of $ € £ and have not taken the time to even understand what they are getting themselves into. Even a casino is better regulated, and you can lose your money with more dignity [if there is such a thing].

You wouldn't knowingly deposit your money with a fake bank, would you? So then why are so many people depositing their money with fake brokerages?

I tried to explain this to another FPA member and they got angry because they "just wanted their money back"

I dont think thats the point here at all. People here, including myself have been scammed! These wankers are professionals and know how to manipulate. Personally I have no interest (or money) in finding a "legit" broker. Im done with this **** and want the conmen bought to justice, nothing more......accept for my money back.

 

[mesexy1987]

So just in case anybody gets contacted by Reclaws International, they are the same guys as Recovery Lawyers. Seems that name didn't work out for them or hopefully the bad press here is what made them change name.

Thanks for the update, I recently dealt with this company (Reclaws International) and paid $2500. I have been scammed by a company named as FTO Capital. Reclaws International assured me that I will be able to to get my money back if I go with them. they gave me a report which they typically call as "Dispute Re-presentment Report" this is almost 20 pages long and told me to submit along with bank dispute form. it was quite long and detailed about FTO capital. I am quite positive as the report is quite good to prove the company is a scam and unregulated.

 

[Domski]

Thanks for the update, I recently dealt with this company (Reclaws International) and paid $2500. I have been scammed by a company named as FTO Capital. Reclaws International assured me that I will be able to to get my money back if I go with them. they gave me a report which they typically call as "Dispute Re-presentment Report" this is almost 20 pages long and told me to submit along with bank dispute form. it was quite long and detailed about FTO capital. I am quite positive as the report is quite good to prove the company is a scam and unregulated.

Good luck with it. I hope they are right and you get your money. I'll be very interested to know the outcome. Sounds like its a chargeback right? If so I think it will depend on which ban and country you are in. For me, Metro bank didn't give a damn and even lied about the representation the merchant made. Please keep us updated.

 

[mesexy1987]

Good luck with it. I hope they are right and you get your money. I'll be very interested to know the outcome. Sounds like its a chargeback right? If so I think it will depend on which ban and country you are in. For me, Metro bank didn't give a damn and even lied about the representation the merchant made. Please keep us updated.

Reading this threat, I was quite nervous so I sent an email to Reclaws International addressing this link. just to see what they have got to say on this.

They replied;

I hope you are having a wonderful day!
We know the link you are talking about. The name if the person who has started this conversation is Mr. Dominic Walters from London.

Every day we get a lot of calls on our 24/7 customer service or on webchat. asking for unnecessary information. this client did not send us any information as required to look into the case. (as you did). instead, he started asking too many questions to us which we find unnecessary. also never stopped being criticizing our executives. I hope he should have been the same while investing. at least he should have saved his funds. He invested money in a scam company believing this company is legitimate and criticizing a legitimate company thinking we are a scam. and that is in public forum. he should have opened a complaints thread on the company who scammed him instead he is talking about us. Why because he thinks we are a scam? Mr. Walters had very good opportunity to get his money back but due to his wrong decisions he lost the money and then being too argumentative he lost the opportunity again to recover the funds also, he still has an opportunity but let it be. we offered him our "Dispute Re-presentment Service" and assured him that you are dealing with the legitimate company. we also told him we are going to accept your funds by PayPal, therefore, you will have peace of mind. but he was not ready. it is notable that no recovery scammer will accept the funds by PayPal as they know this transaction can be disputed very easily. and having a PayPal itself is a credibility. Because PayPal does verify each and every information before activating the account. now we dont care what is being said on this forum because we are doing good and we are growing.

I would suggest you to not to care about this thread because we have delivered you what we promised. now you just need to wait for 45 days as VISA/Master Arbitration Team is looking at the report we sent. I don't think FTO Capital wouldn't be able to answer it but still, we are prepared for any challenge that comes across your fund's recovery.

Let me know if you have any questions.

 

[Domski]

Reading this threat, I was quite nervous so I sent an email to Reclaws International addressing this link. just to see what they have got to say on this.

They replied;

I hope you are having a wonderful day!
We know the link you are talking about. The name if the person who has started this conversation is Mr. Dominic Walters from London.

Every day we get a lot of calls on our 24/7 customer service or on webchat. asking for unnecessary information. this client did not send us any information as required to look into the case. (as you did). instead, he started asking too many questions to us which we find unnecessary. also never stopped being criticizing our executives. I hope he should have been the same while investing. at least he should have saved his funds. He invested money in a scam company believing this company is legitimate and criticizing a legitimate company thinking we are a scam. and that is in public forum. he should have opened a complaints thread on the company who scammed him instead he is talking about us. Why because he thinks we are a scam? Mr. Walters had very good opportunity to get his money back but due to his wrong decisions he lost the money and then being too argumentative he lost the opportunity again to recover the funds also, he still has an opportunity but let it be. we offered him our "Dispute Re-presentment Service" and assured him that you are dealing with the legitimate company. we also told him we are going to accept your funds by PayPal, therefore, you will have peace of mind. but he was not ready. it is notable that no recovery scammer will accept the funds by PayPal as they know this transaction can be disputed very easily. and having a PayPal itself is a credibility. Because PayPal does verify each and every information before activating the account. now we dont care what is being said on this forum because we are doing good and we are growing.

I would suggest you to not to care about this thread because we have delivered you what we promised. now you just need to wait for 45 days as VISA/Master Arbitration Team is looking at the report we sent. I don't think FTO Capital wouldn't be able to answer it but still, we are prepared for any challenge that comes across your fund's recovery.

Let me know if you have any questions.

Thanks for posting this. Its very interesting to read. Firstly, I sent them everything they asked for which is why they said they felt confident they could recover my funds (without explanation of how) but when I aid their initial fee was too much, two phone calls later they halved the upfront payment for me.
I find it amazing that they feel their clients can ask "too many questions". I am sure they are aware that the people they 'help' are victims of scams and have lost a considerable amount of money, in my case £55,000 so the fact that I want to make sure I am not getting scammed again should sound reasonable to them....it does to everyone else.
As for criticising executives, I simply commented (on FPA as well) that having people who claim to be American, yet can't spell English or use correct grammar does not inspire confidence. I also found it strange that "Melissa" from USA texted in Indian English and referred to Eric Varga as Mr Eric. Also, everybody I spoke to has no social media profiles and would not speak to me on video via WhatsApp which is how they communicate. Always would put my mind at rest knowing who I am talking to and that they are in USA as they claim. On this note, every address I was given was either a building site or in the case of LV, in the middle of a mall of about 8 shops in the middle of the desert.
I would love to trust everyone, I pretty much used to which is probably why I got scammed but if they are not prepared to prove to me that they are legitimate, which if they are is incredibly easy then why should I trust them? Even other recovery companies have put me in touch with ex clients from UK who have had success, why not these guys? Also why have they changed their name less than a year after setting up?

Questions they should all answer on here if they are aware of this thread.