The Israeli fund recovery scheme, Pay Back, a/k/a Money Back, has been black-listed by FinTelegram following detailed investigations. Operating for years under various brands, domains, and websites, this scheme has been exploiting the vulnerabilities of scam victims under the guise of offering them a chance to recover their lost funds. The UK FCA issued an updated warning against the scheme, which acts as a clone of an FCA-regulated entity.
Dubious Operations and Misleading Claims
According to insiders and various reports received by FinTelegram, Pay Back, a/k/a Money Back, a/k/a Payback Agency, has been purchasing lists containing the contact details of scam victims. Utilizing this data, they actively target these individuals, promising them the recovery of their losses for a fee paid upfront. This strategy not only capitalizes on the desperation of fraud victims but also raises serious ethical and legal concerns.
The companies, both listed under the names Money Back Ltd and Pay Back Ltd, share the same operational address in Israel, blurring the lines between their identities and operational tactics. Furthermore, the PayBack Law website misleadingly lists an address in Florida, suggesting unauthorized activities within the U.S. market. The directors and beneficial owners of these entities are reported to be Amir Geva and Daniel Poleb.
Read more about the Pay Back Connections to Scamadvisor here.
Regulatory Warnings and Compliance Issues
Recent actions by regulatory bodies have further confirmed the dubious nature of this scheme. In May and June 2024, the UK’s Financial Conduct Authority (FCA) issued warnings against this fund recovery scheme, labeling it as a clone of the FCA-authorized Moneyback Limited. This cloning not only misleads victims about the legitimacy of the service but also involves significant legal infringements.
Given these factors, FinTelegram has placed the Pay Back/Money Back scheme on our Black Compliance list, categorizing it as a high-risk entity with which individuals and entities should avoid any business dealings. The repeated warnings from regulatory authorities like the FCA underscore the necessity of this classification and highlight the scheme’s potential threats to consumer safety.
Fund Recovery Scheme Key Data
| Trading names | Pay Back Agency PayBack Agency PayBack Law PayBack 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 | [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 |
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.
