Recovery scams

Ronald Wright

Recruit
Messages
5
Recovery of funds or a pie in the sky pipe dream.
This scam has been attempted against me on several occasions the last one just this week and prior to that about two years ago, The scammers get the information from scam report sites and/or get the leads from past successful scams.
The scam is quite tempting and it goes like this:-
1. All your deposits in Ivory Option had been invested in Bitcoin in a respectable cryptocurrency exchange and each deposit Ivory Option diligently assigned these to my Ivory Option account ID and my personal details. This was revealed after court injunctions due to fraudulent activities allowed exposure and tracing of the funds.
2. That is a very nice carrot but not enough it seems. The funds hvae not been dormant. Oh no. They have have gone up five time is value. So in my case £60,000 would now be over £200,00 last Wednesday. I did not respond so another member of the scamming team tried a more subtle approach and his figure was a more modest £178,000. He showed me the ticket displaying the amount of BTC which last week was 5.5 BTC and now my account with the same cryptocurrency exchange was 4.18 BTC. He said that he would freeze the account at that value. Er?
3. The punchline came with the fake ticket as he had added 10% UK tax due. He phoned me and said that he could not release the funds until I had paid the £14,000 tax. He added that he could arrange payment in instalments.

So the scam was fairly clever but it revealed a few flaws. A respectable company would not ask to run Anydesk to view sensitive items such as bank accounts. Only a scammer would think that there was nothing wrong in that. The other flaw was that they did not have an accurate figure of my lost funds. How could they? The alleged respectable cryptocurrency headed emails were all fakes. The third mistake they made was that they thought that freezing an account in BTC would do anything at all if it had not been converted into a real currency. So how can 5.5 BTC go down to 4.18 BTC in a week if nobody had taken anything from the account. The fourth and greatest flaw was that Ivory Option would not leave money around for others to grab let alone provide traceability and accountability which is the very opposite of what their business model would be. Once you deposited they would salt it away by shifting it around all over the world so that nobody could ever trace it in a million years.
Assume that lost funds to scammers are lost. There are legitimate companies claiming that they can recover funds for you but all of them want an upfront fee. An Israeli solicitor wanted $5000 to track and trace my funds but I declined because if he knew that he could be reasonably find and recover my funds then he would go with no win no fee.
Attached is the almost impressive fake ticket. Of course there are no funds and I would need to pay them £14,000 to find out that there wasn't any. There is no justice and there isn't a God. These are lessons that I have learned online and with trading platforms.
 

Attachments

  • Gmail - Ticket details Mr. Ronald Wright (#IO641O).pdf
    185.3 KB · Views: 4

sebking1986

Private
Messages
445
Honestly these scammers are just scum. It's bad enough people get scammed when they have their money but to scam people that also have already lost it is beyond the pale.
 

FxMaster

Lt. Colonel
Messages
10,871
Recovery of funds or a pie in the sky pipe dream.
This scam has been attempted against me on several occasions the last one just this week and prior to that about two years ago, The scammers get the information from scam report sites and/or get the leads from past successful scams.
The scam is quite tempting and it goes like this:-
1. All your deposits in Ivory Option had been invested in Bitcoin in a respectable cryptocurrency exchange and each deposit Ivory Option diligently assigned these to my Ivory Option account ID and my personal details. This was revealed after court injunctions due to fraudulent activities allowed exposure and tracing of the funds.
2. That is a very nice carrot but not enough it seems. The funds hvae not been dormant. Oh no. They have have gone up five time is value. So in my case £60,000 would now be over £200,00 last Wednesday. I did not respond so another member of the scamming team tried a more subtle approach and his figure was a more modest £178,000. He showed me the ticket displaying the amount of BTC which last week was 5.5 BTC and now my account with the same cryptocurrency exchange was 4.18 BTC. He said that he would freeze the account at that value. Er?
3. The punchline came with the fake ticket as he had added 10% UK tax due. He phoned me and said that he could not release the funds until I had paid the £14,000 tax. He added that he could arrange payment in instalments.

So the scam was fairly clever but it revealed a few flaws. A respectable company would not ask to run Anydesk to view sensitive items such as bank accounts. Only a scammer would think that there was nothing wrong in that. The other flaw was that they did not have an accurate figure of my lost funds. How could they? The alleged respectable cryptocurrency headed emails were all fakes. The third mistake they made was that they thought that freezing an account in BTC would do anything at all if it had not been converted into a real currency. So how can 5.5 BTC go down to 4.18 BTC in a week if nobody had taken anything from the account. The fourth and greatest flaw was that Ivory Option would not leave money around for others to grab let alone provide traceability and accountability which is the very opposite of what their business model would be. Once you deposited they would salt it away by shifting it around all over the world so that nobody could ever trace it in a million years.
Assume that lost funds to scammers are lost. There are legitimate companies claiming that they can recover funds for you but all of them want an upfront fee. An Israeli solicitor wanted $5000 to track and trace my funds but I declined because if he knew that he could be reasonably find and recover my funds then he would go with no win no fee.
Attached is the almost impressive fake ticket. Of course there are no funds and I would need to pay them £14,000 to find out that there wasn't any. There is no justice and there isn't a God. These are lessons that I have learned online and with trading platforms.
What's the response you have received from the company?
 
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