Investment scam recovery

Have you fallen victim to an investment scam? Get in touch and take the first step to recovering what’s rightfully yours.

Investment scam recovery

How do investment scams work?

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    Impersonation

    This is a very common type of fraud that comes in many forms. The most common type of fraudulent investment is when someone reaches out to you, claiming to be a regulated broker, financial advisor, fund manager, or financial service provider.

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    Demands

    They demand you transfer a large sum of money in to an investment opportunities. In reality, this company doesn’t exist, meaning you are transferring money directly to them.

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    Deceptive

    They are designed to closely mimic common forms of investment, with those responsible even creating professional-looking materials and websites in an attempt to entice more victims.

How to identify a scam

Signs you've been scammed

The most common signs of a scam include the promise of large returns on your investment that sounds too good to be true and can be described as being once-in-a-lifetime, contacting you out of nowhere and pushy tactics. It is worth mentioning that even if a company is on the list of the FCA, it doesn’t necessarily mean that you are transferring money to that firm.

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WRS solicitor working in office

How do you avoid falling victim to scammers

Avoiding fraudulent schemes is easier said than done. There have been many cases which we have dealt with where the victim did not know that these things even exist. That is why it is important for us to not only help you retrieve most of the money which you have lost, but also educate you on the signs so you can avoid falling victim again in the future.

Two female WRS solicitors working together on document

Most common way for scammers to target victims

One of the most common ways is through social media, including platforms such as Facebook, Instagram and X, particularly with cryptocurrency scams. Scammers will set up very convincing social profiles, even going as far as to follow similar accounts or luxury brands.

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Grace Sloan, Solicitor in WRS office

Why WRS?

Supporting you is our priority. That’s why we provide personalised plans and care around the clock to our clients.

Trusted by thousands

Join satisfied clients who’ve recovered their lost funds with WRS.

The WRS senior team

Call on us for guidance and support 

Falling victim to fraud can be overwhelming and distressing. You deserve expert guidance and support every step of the way. That’s what we’re here for.  

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Frequently asked questions

  • Are scams a criminal matter?

    Cases such as these can be both a civil and criminal matter, depending on the offence. A number of scams involve false representation, which can be both investigated and prosecuted, depending on the individual or business impersonated, by a range of different authorities. Our team of solicitors can help you pursue financial recovery and will handle all of the paperwork for you.

  • Do banks offer recovery of funds?

    Many victims believe that their banks will refund them their money once they spot the fraud. In some cases, the banks will give the money back, but this typically only happens with very specific circumstances, such as authorised push payment (also known as APP fraud) which is where scammers will ask you to make a bank transfer. Banks can refuse refunds where they believe that the individual hadn’t been careful when investing, which is why a number of our clients then come to us for help, as we can help in many more cases than the banks can.

  • What is a tracing service in investment fraud?

    Quite simply, a tracing service is a forensic investigation that kicks off a claim to do with the fraudulent activity. This form of fraud investigation ensures substantial research and evidence is found in order for a claim to be made. When you trace funds as part of a tracing service, it details the movement of funds, allowing you to find where the money went once it left your account and, in most cases, find the source of the scam. For example, our tracing service allows us to trace the money back to specific brokers who are known for taking advantage of UK cryptocurrency investors, such as Investuous, City Index, XM, and Ava Trade, to name a few.

    The tracing service we provide at Wealth Recovery Solicitors guarantees that you have all the relevant information you need should you need to take legal action.

    At Wealth Recovery Solicitors, we offer tracing services dedicated to assisting clients who fall victim to a range of scams such as cryptocurrency scams, regulated contract for difference (CFD) scams, and Forex scams. Following this, we provide you with an asset report. To find out more about how we make this bespoke to you and your claim, please fill out this form and book in for a free consultation today.