Skip to content
Home » Insights » When the recovery “service” was the second scam

When the recovery “service” was the second scam

CASE FILE · CFH-CS-07
Vector: recovery-scam double fraudInstrument: USDTLoss: $31,000Location: Manchester, UKTimeline: 2 monthsRecovered: 39%

Reported operator: Wealth Trade Capital ↗

How it began

After losing money to a trading platform, I was contacted by a “recovery agency” that promised to get it all back for an upfront fee.

The trap

The recovery agency was a second scam run by the same network. The upfront fee was the real goal.

I almost paid twice to lose once.

What we did

  1. We stopped the upfront payment to the fake recovery agency.
  2. We traced both the original loss and the attempted second fraud.
  3. We recovered part of the original loss through an exchange freeze.
  4. We documented the recovery scam to warn others.
39%

recovered — after a second fraud nearly doubled the loss.

Red flags we saw

  • Anyone guaranteeing recovery for an upfront fee
  • Unsolicited contact after a loss
  • Requests to pay a fee in crypto to release funds

Think your case looks like this one? Request a free, confidential review →