How to Avoid Refund and Recovery Scams?

Refund theft has many names some call it refund fraud, other call it whitehouse scam, it involves returning goods which are ineligible for refund to a dealer/retailer in exchange for money or other goods. Trick here is the goods returned may have been acquired illegally, or it may be discarded damaged goods.

Many people are unaware that they have been fooled by scammers with bogus prize draws, charity efforts, or bogus business possibilities. However, if you unintentionally give money to a scammer, your name will almost certainly find up on a list and on a lighter note we never came across anybody who intentionally gave money to a scammer unless it’s a ransom money for releasing the assets or data that a scammer or a con confiscated unlawfully. There’s a data of all the scammed people which can be found on dark web, this list may include your address, phone number, and the amount of money you spent on the fraud. Scammers buy and sell such lists because they believe that people who have previously been duped are more likely to be scammed again.

Scammer are usually the sharpest in the room and they target young people because it’s easier to persuade youngsters as compared to aged ones, according to the reports published in US youngsters are likely at more risk of being scammed, the group more susceptible to scam is 18-24 years, as young people consider themselves not at the risk of being scammed and this plays paramount role in them being scammed.

Con artists promise to return lost money, prizes, or merchandise in exchange for a commission or donation to a specific charity. They utilize a number of lies to persuade you to accept their offer, such as acting as a representative of a firm or government agency and claiming to have the money or that they will file the necessary documentation with the authorities on your behalf Some of them also promise to be able to get your name at the top of the list of crime victims’ compensation. Some state and local organizations, as well as consumer advocacy groups, will assist those who have lost money without charging a fee. They also give preference to individuals who have submitted a formal claim, however reimbursement is not guaranteed.

Here at TheGlobalPayback we often deal with victims that are victim of refund and recovery frauds, this type of scams are both financially and psychologically traumatic to the victims, it’s like.


Here are some tips on how to avoid losing money to scammers

  • First and foremost, educate yourself on how it works and protect yourself, never trust those people who seems desperate in solving your query or issue.
  • Never give money or a bank or credit card number to anyone who calls and claims to be returning money or rewards you never got, most of the time they try to be an agent or customer service representative. If you are informed that you must pay a charge in advance, do not do so. We may not request or accept payment from you under telemarketing rules until we receive your money or merchandise within seven business days.
  • If someone claims on behalf of a government agency that they can return lost money or prizes in exchange for a commission or charitable donation, you should immediately notify the FTC. National, state, and municipal charities, as well as consumer reporting agencies, do not charge for their service.
  • Before calling a company to collect money or rewards, learn exactly what services the company provides and how much they charge, if there are hidden charges and any legal authorities involved or not. Check with your local law enforcement or consumer protection agency to learn more about the firm and to see if any complaints have been filed against it. Complaints can also be found simply typing the company’s name into an online search engine.
  • Search for reputable refund and recovery firms online with respectable reviews for assistance regarding refund and recovery job.
  • Simple tip, If the site is safe, you will see a padlock on the left side of your browser’s URL bar. In addition, the web address starts with HTTPS. Do not enter your credit card information on a non-secure website. And, let’s face it, a firm that does not provide data protection to its clients does not deserve your trust.

Victims of forex scams are more likely to be targeted by refund and recovery Scams

The most recent iteration of this recovery fraud is aimed towards people who have lost money in binary options and forex scams. Scammers have established up respectable websites and claim to be able to help people recover money they have lost as a result of these frauds; cyber security is required as it involves the latest technology, the more information technology evolves, the more easy it is for scammers to scam people in the name of latest technology. More information regarding binary options frauds may be found here.

Recognize the Refund scam:

This sort of fraud typically involves the promise of taking action, such as returning the money, stopping the activity, or arresting the fraudster or securing you from further such kind of lose. The authorities, who have the legal authority to investigate this type of behavior, can never guarantee a certain outcome because it depends if there are enough leads to catch the scammer and return the lost money or goods.


Have you unexpectedly received such a “recovery email”?

Is it from a free webmail service (such as Hotmail, Yahoo, or Gmail)? Is the sender’s address unique to a government address? Free email addresses are not used for official purposes by law enforcement or government entities.  Do they charge upfront price? Do they have any fees? No, law enforcement agencies and organizations that investigate and monitor illegal activity do not charge for their services.

Scammers are getting creative in their ways with Refund and Recovery Scams, we need to raise awareness regarding how to avoid scams as the saying goes “Fool me once, shame on you. Fool me twice, shame on me”.