Just recently, we reported about the sad and brutal fund recovery business and the warnings against LegalFCA. Scam victims are desperate and therefore vulnerable to any offer of help, no matter how dubious. However, much more often than you think, the so-called fund recovery experts are just the end of a rip-off chain. Today, the UK Financial Conduct Authority (FCA) has issued a warning against the Scams Recovery scheme (www.scamsrecovery.com and www.scams-recovery.com). Stay far away.
Fund recovery is a sad and brutal business. Sad because it involves people who have lost their money on the Internet to scammers and are desperate. Brutal because the fund recovery people are exposed to threats and slander of scammers. Unfortunately, among the fund recovery providers, there are many greedy lawyers and even more scammers who take away a lot of money from the victims once again. LegalFCA is one of these scammers that the UK FCA and the Spanish regulator CNMV have warned against.