The UK Financial Conduct Authority (FCA) has issued a renewed warning against Pay Back, a/k/a Money Back fund recovery scheme. This scheme, which operates out of Israel, has been blacklisted by FinTelegram due to its deceptive practices. Despite posing as a legitimate recovery service, Pay Back has been exploiting scam victims by promising to recover their lost funds for an upfront fee.
Key Points
- Scheme: Pay Back a/k/a Money Back
- Deceptive Operations: The scheme operates under multiple brands and websites, including Money Back Ltd and Pay Back Ltd, making it difficult to trace. Both companies share the same address in Israel.
- Targeting Scam Victims: Pay Back, also known as Money Back, aggressively targets individuals who have already been scammed, promising to recover their lost funds for a fee.
- Unauthorized Activities: Pay Back also lists a Florida address on its PayBack Law website, indicating unauthorized activities in the U.S. market.
- Regulatory Warnings: The FCA has issued multiple warnings against Pay Back, classifying it as a clone of the FCA-authorized Moneyback Limited, thereby misleading victims about its legitimacy.
- Operator Details: The directors and beneficial owners of the companies involved are reported to be Amir Geva and Daniel Poleb.
Short Narrative
The Pay Back operations often involve purchasing lists of scam victims’ contact details and targeting them directly, capitalizing on their desperation and distress. The scheme’s operations blur the lines between multiple brands, domains, and websites, further complicating its traceability and accountability. Both companies—Money Back Ltd and Pay Back Ltd—operate from the same address in Israel and have been linked to Amir Geva and Daniel Poleb. Additionally, a related website, PayBack Law, lists a Florida address, suggesting unauthorized activities in the U.S. market.
The FCA’s warnings, issued in May and updated in September 2024, describe Pay Back as a clone of the FCA-authorized entity Moneyback Limited, misleading victims about its legitimacy and involvement in severe regulatory breaches.
Actionable Insight
Victims of scams are strongly advised not to engage with Pay Back or any similar fund recovery schemes. These operations prey on the vulnerability and hope of victims, coercing them into making upfront payments and other fees under false pretenses. Falling for such scams can lead to further financial losses and emotional distress.
Read our PayBack reports here.
FinTelegram urges all whistleblowers and insiders with information about the operators of Pay Back or their partners to come forward and report through our whistleblower platform, Whistle42. Your contributions are crucial in helping us expose and shut down these fraudulent activities. Stay vigilant, and do not fall for these recovery schemes that exploit those who have already been victimized.
Fund Recovery Scheme Key Data
Trading names | Pay Back Agency PayBack Agency PayBack Law PayBack Pay Back Money Back ChargeBack |
Domains | http://paybackagency.eu https://www.payback-ltd.com https://payback-ltd.org https://paybackltd-de.com https://www.payback-law.com https://www.paybackpals.com https://www.claim-international.com https://chargebacksecured.com https://moneyback-team.eu moneyback-team.org moneyback-limited.org |
Legal entities | Pay Back Ltd Payback Ltd Money Back LTD |
Contact data | s[email protected] [email protected], [email protected], [email protected], [email protected], [email protected], [email protected] IL +972-77-7408749 US +1-718-473-3943 US +1-7868711161 AU +61-283-185-343 SE +46-812-410-614 UK +44 7477 491147 |
Related individuals | Amir Geva, Daniel Poleb |
Jurisdictions | Israel, United States United Kingdom |
Compliance rating | Black |
Warning | FCA, FCA, FCA |
Whistleblower Appeal:
Victims of scams often find themselves in dire psychological and financial straits, making them susceptible to such deceptive recovery promises. It is crucial to recognize that many fund recovery schemes, rather than providing a legitimate service, are either directly affiliated with scam operations or are run by individuals previously involved in scams.
If you have any information regarding the operations, tactics, or any other relevant data concerning the Pay Back a/k/a Money Back Group, please contact us through our dedicated whistleblower platform, Whistle42. Your insights are invaluable in helping us uncover and report on fraudulent schemes, protecting future potential victims from similar exploitation.