Recovering Your Money From Online Trading Scams And Bitcoin Investment Scams

Written by: James Carnell

Investment scams using online trading platforms are often promoted online and via social media channels. Fraudsters typically promise high returns and use fake celebrity endorsements and images of luxury items to entice people to invest in their scams

Financial fraudsters use sophisticated and effective tactics to get people to part with their money. Investment broker scams, online trading scams and bitcoin scams are a dime a dozen.

There are few other scams out there that take advantage of the fact that not everyone is experienced with cryptocurrencies.

Investing in cryptocurrency means taking on risks, but getting scammed shouldn’t be one of them. Reports to the FTC’s Consumer Sentinel1 suggest scammers are cashing in on the buzz around cryptocurrency and luring people into bogus investment opportunities in record numbers. Since October 2020, reports have skyrocketed, with nearly 7,000 people reporting losses of more than $80 million on these scams according to the Federal Trade Data Commission.

Online trading scams and bitcoin investment scams often pitch "too-good-to-be-true investment opportunities" as a way of convincing you to part with your money. When you lack trading experience, swindlers will try to exploit your optimism, your fears and your lack of knowledge.

Scammers, according to the FTC, are finding creative ways to con people into fraudulent crypto investments. One type of scheme offers investment "tips" online that redirect consumers to fraudulent sites. In another, scammers pose as celebrities, such as Elon Musk, and trick consumers into sending them cryptocurrency by promising that the celebrity will contribute to their investment.

With Elyt ChargeBack, you might be able to recover all your money from these investment scams. This company, formed to help fight the rise of scammers in the digital age, has hard won experience in how to navigate the murky waters of how scammers operate. They have successfully recovered assets from stock brokers, Forex scams, and have also built a professional relationship with financial institutions, allowing them to broker negotiations easily.

Working transparently to bolster their client’s shaken trust, Elyt ChargeBack will work quickly and efficiently to recover what was lost. According to their representatives, time is of the essence. There’s a reason why fraudsters try to hold you off from reaching the authorities for as soon as possible and only disappear when suspicions are raised. In delaying action, they allow the trail to go cold and for them to pave a more discreet disappearance.

Therefore, the moment you begin to have suspicions, it’s important to consult a professional. Elyt ChargeBack offers free consultations and even guides their clients on scam prevention. However, the first advice you would receive is usually to collect all relevant data and documents in order to build a strong case with the help of paper trails. The more information you have on the scammer, the better, but the fact is that many of these identities online are fake and the only things you have to go on are company names, bank accounts, and any identifying information such as emails, ip addresses, phone numbers, etcetera. Going with a reputable recovery company is one of the key factors in recovering all your money back, and with an agency like Elyt ChargeBack, you can rest assured.

This article does not necessarily reflect the opinions of the editors or the management of EconoTimes