Based on brand-new intelligence, Cybertrace is issuing an urgent alert about several interlinked fund recovery scams. Heaping pain upon misery, these ruthless scammers are targeting victims of cyber fraud only to deceive them again. Operating under different names, The Global Payback scam uses several different platforms, including www.theglobalpayback.com, www.fundrecoverscam.com, and www.recoveryexpertspro.co and www.capital-recovery.net. No matter what they call themselves, these fraudsters are only after one thing: more of your hard-earned money. Whether it’s The Global Payback scam, the Funds Recovery Scam or the Recovery Experts Pro con, don’t pay up! If you do, you will never see your money again. And if these professional criminals have already scammed you, don’t despair or feel embarrassed. Instead, contact Cybertrace today to discuss how our experienced investigators can help you get justice. But first, let’s look at the scourge of recovery scams, the fraudsters’ modus operandi and what to look out for.
Recovery Scams are Everywhere
The recent proliferation of romance, investment and cryptocurrency scams has led to a large number of victims desperate for redemption. Many have lost their retirement savings or taken out loans to cover fake investments and now feel guilty and embarrassed. Into this breach step the recovery scammers who simply smell opportunity where others see pain and loss. Pretending to be able to recover victims’ funds, they fake empathy, exude confidence and guarantee success. Sadly, recovery scams grew so quickly in 2022 that the Australian Competition and Consumer Commission (ACCC) issued an official warning. Unfortunately, The Global Payback scam, Funds Recovery Scam and Recovery Experts Pro are simply the latest such frauds.
How does The Global Payback scam work?
Like all recovery or secondary scammers, these guys are highly persuasive and dupe victims with fake empathy and alluring promises. Using fake reviews on both social media and review sites, they manipulate desperate scam victims by giving them false hope. Promising a quick, easy return of victims’ lost money, often expressed in arbitrary percentages, they appear professional and trustworthy. It’s only when their targets have paid upfront and received no results that they realise they’re dealing with scammers. Alternatively, the fraudsters might call and harass victims to spend even more money in order to progress the investigation. Needless to say, there is no investigation. Instead, the only thing these crooks do is cover their backs by writing perfunctory letters to banks asking for chargebacks, something anyone can action themselves for free. Eventually, the scammers will wind down and cease all communication, leaving victims counting their losses a second time.
That’s terrible! How do you know The Global Payback is a scam, though?
There are clear tell-tale signs our seasoned investigators look for when assessing The Global Payback Scam and others like it. These include:
Lack of Registration and Licensing
When considering whether a funds recovery company is genuine, make sure that they are officially registered and licensed. Both registration and licensing ensure independent oversight and accountability, especially if the relevant jurisdiction has a strong regulatory framework. Unfortunately, that’s not the case with The Global Payback scam. While the scammers claim a Guatemalan base, the phone numbers on their website route to the U.S. and the UK. Furthermore, there are no actual records documenting the company’s registration in the central American country. Instead, their own website’s location link (and a quick Google search) shows they’re in Israel, a well-known recovery scam base. By contrast, serious cyber fraud investigators such as Cybertrace allow potential customers to independently verify their credentials.
Nameless and Faceless
A second red flag is the lack of real names and faces on The Global Payback scam website. As we know, hiding behind anonymity is a good indicator that the people in question have something to conceal. Sadly, there is no information anywhere on The Global Payback scam website on who owns, runs and works for the outfit. By contrast, serious cyber fraud investigators provide the names and faces of their key people to build trust and transparency – like Cybertrace’s own Dan Halpin.
Bad Reviews for The Global Payback Scam
We all need to read reviews with a grain of salt, as crooks can easily game and manipulate them. However, even accounting for many obviously fake five-star reviews, the verdict on The Global Payback scam is pretty devastating. On dedicated review sites such as Trustpilot, comment after comment details the reality of the scam. Similarly, automated sites such as Scamadviser give the website an extremely low trustworthiness score. By comparison, Cybertrace’s extremely positive and detailed customer reviews give potential clients confidence.
Fake Testimonials
Finally, the most damning link between The Global Payback scam and www.fundrecoverscam.com, www.recoveryexpertspro.co and www.capital-recovery.net are their identical fake testimonials. Pretending to be from satisfied clients, they are simply made-up statements from non-existent people copied and pasted across different sites. Hilariously, the scammers didn’t even bother to change the fake clients’ names and accidentally referred to the wrong company name in testimonials. You couldn’t make this stuff up (although that’s precisely what the scammers did)!
Looks like a scam alright. What do I do now?
Yes, Cybertrace’s investigators can confirm that The Global Payback scam is trying to defraud the public via its interlinked websites www.theglobalpayback.com, www.fundrecoverscam.com, www.recoveryexpertspro.co and www.capital-recovery.net. Please do not give any more of your hard-earned money to these crooks in pursuit of false promises. Instead, contact Cybertrace today for an honest, transparent and realistic assessment of your original online scam case. If The Global Payback scammers already fleeced you of even more money, don’t hesitate to get in touch, either. Through our custom-built technological tools, investigative experience and international network of partners, we can investigate cyber fraud worldwide. Don’t suffer in silence – contact Cybertrace today.
If you are a current or former staff member of the syndicate and would like to speak with us, you can contact us anonymously via [email protected]. We have successfully worked with conscientious insiders when investigating previous scams, thus bringing justice and relief to long-suffering victims. Your help can make a real difference!
I was scammed by a dating website of over $12k middle of last year, contacted global payback and paid them $1k to begin chasing the money up which was paid to accounts in the Philippines. Eventually I worked out they were useless aswell and still haven’t managed to get my money back. Too many transactions to add to 1 cyber report, and the initial report was signed off as no issue.
Dear David,
Our team has reached out via email.
I was a victim of booth crypto investment and a celebrity scam that asked for a help to the global payback but I wasted my $500 that paid for them because they didn’t help me. They promised me to investigate my case in crypto but they are also a scammer. That they will scammed you too. And now I don’t know who is to trust anymore By asking help in my case. Because I don’t want to be scam again. I have know a trust issue, so it is hard for me to trust help in social media.
Hi I was scam and tried to get help with the global payback. They promised me to help me back my money and pay the $500 for all the investigations in my case. But until now don’t get any updates. And I also told them that I was a victim of another celebrity scam. Then they asked me to pay more another $500 because it is another investigation but I refused to pay for it. Until I stopped contacting them by email cause I haven’t get any help from them. They are also a team of a scammer that scam you too.
I was scammed by the global payback cad 20,000. The promise me that they will do quick action and the result will come in 16 weeks. But it’s been more than 9 months. Nothing positive and they are not even help with anything except draft a letter to the bank. Obviously I got reject. Their sales representative even ask me for more money to get their crypto report. But according to the contract there won’t be any extra fee. So frustrated about these deceivers. No empathy at all. All they cared about is their review. I wrote a bad review on them.
Hi Jerri,
Our team has reached out via email.
I was scammed and tried to get help from The Global Payback. They called me today and told me they want to give me my money back. They ‘helped’ me to get in my laptop by using Anydesk. They checked my bankaccounts and told me to open a Banxa account, because it could only be paid back in crypto currency. I asked them over and over again questions, but they said I can trust them. In the end my bank refused to confirm a transaction to Banxa / from Banxa? I don’t know what’s going on, but I can’t login in my bank anymore. My bank blocked my account…
Hi Jennifer,
Our team can confirm this is definitely a scam, please cease communication immediately and we urge you not to send any funds to this platform.
Globalpayback has scammed me 600usd, for an investigation on my issue where I was scammed thousands by fake investment broker. Can Cybertrace get my money back from Globalpayback? the investigation has been going on since December and not much help from them. I want justice.
Hi Jeff our team has contacted you via email.