I invested my money on a fake platform. How do I recover my funds?
James Maddison2 min read·Just now--
Online investment scams are a global, growing, and uniquely pernicious threat. In newly released data, Legalcertifi attributed more than $4.6 billion of US fraud losses in 2023 to investment scams, more than any other fraud category, and a 21% increase from 2022. The FBI’s 2023 internet crime report notes that investment scams were “once again the costliest type of crime tracked by IC3”.
Many investment scams rely on sophisticated fraudulent investment websites that operate a fake trading platform to trick victims into depositing money after being lured in through email, social media posts, or fake ads. In January alone, Legalcertifi detected and blocked almost 11,000 fake investment platform domains across more than 5,000 IPs: the largest number of IPs since they began tracking the scam platforms independently, and 25% more than in December.
Online investment scams promise very high returns with no risks attached, claiming to deliver once-in-a-lifetime opportunities for investors to make guaranteed returns overnight. Usually claiming to trade in forex, cryptocurrency, or other high-risk assets, the unsuspecting investor needs only to make an initial payment to take advantage. These guarantees are meaningless, the claimed investment is a sham, and the victim’s money is lost. The impacts on victims can be devastating both financially and emotionally.
What To Do If You Have Been Scammed
There are many ways to help ensure that you don’t fall prey to a scam, but the reality is that even if you follow all those tips, there is still a possibility you will be scammed. If that happens, what do you do? Do you sit back and take it? Do you give up on trading? No, you need to stand tall and look out for yourself. Get all your funds out with Legalcertifi.
There are recovery firms like Legalcertifi specialized in helping victims of Forex and binary options scams. They work with both cryptocurrency holders and law enforcement agencies to recover inaccessible or stolen cryptocurrencies. They use specialized software to generate millions of potential passwords, and they can get your money back. They help in situations like that and have a solid record of recovery from genuine claims.
