I don't know if this review is relevant…
I don't know if this review is relevant to this company as it is more of a review of the scam recovery industry. Some scam recovery companies don't do very much to help you recover your stolen money. For scams involving credit cards, you can normally get a chargeback if it's within a short period of time. So for these scams, they can help you.
For other types of scams it is a different story. They just investigate the people and corporations that were connected either directly or indirectly to the scam. They then use this to craft a letter to be either sent to the scammers, regulatory bodies or people/corporations connected to the scammer. For scammers, they will just demand a refund based on criminal activity. For the people/corporations connected to the scammer, they will lay the blame of of financial loss on them then make allegations of negligence and demand a refund. For regulatory bodies, they will just ask them for help. In all three cases they sometimes don't check if there is any legal merit to their allegations. The allegations in the letter may or may not have legal grounds to be effective in a court of law. Therefore, anyone can write their own letter to the scammers demanding a refund, or a letter to the regulatory body asking for help. Anyone can also write a letter to any company connected to the scam asking for compensation.
Sometimes these demand letters, which victims can do themselves, are effective in recovering lost money but sometimes they aren't effective since some scam recovery companies don't even check the legal merit of this recovery strategy. Criminals who are smart enough to hide their identities/location obviously won't take any demands for a refund seriously irrespective of their legal standing so these demand letters are sort of pointless. No company that is serious about running a legitimate business will also take a demand letter seriously without first checking with their legal department. Letters for help sent to regulatory bodies are only effective if they are legally able to help you. Blindly sending a letter to a regulatory body won't guarantee any help from them.
As you can see, these letters are pretty pathetic. The US Securities and Exchange Commission (SEC) has stated the following about asset recovery companies: "Although these companies sometimes claim to have elaborate asset recovery expertise, or even legal expertise, some of them do little more than draft a demand letter to the original scam artist and send a boilerplate complaint to the logical regulatory agency. Those are two steps that victims can take easily on their own, free of charge.". To find this search for "Investor Alerts and Bulletins" article on the SEC website dated August 9 2016. These letters that scam recovery companies construct is essentially the useless type of service the SEC is describing.
