#Loan fraud police report

[fincrif]

What to Do If You’re a Victim of Personal Loan Fraud

Personal loans are a convenient way to access funds for various purposes. However, with the rise in online lending platforms, personal loan fraud has become a serious concern. Victims of loan fraud often feel overwhelmed and unsure of how to proceed. Whether you’ve fallen prey to a scam or suspect fraudulent activities related to your loan, it’s crucial to act swiftly. This article discusses the steps you should take if you’re a victim of personal loan fraud, helping you protect your finances and prevent further damage.

1. Recognize the Signs of Personal Loan Fraud

The first step in addressing personal loan fraud is recognizing that you’ve become a victim. Personal loan fraud often involves scammers who offer loans with unrealistic terms, such as extremely low-interest rates or promises of instant approval. These scams can manifest in various forms, such as:

Unsolicited Loan Offers: You receive an email, phone call, or text message offering a loan that seems too good to be true.

Upfront Payment Requirements: You are asked to pay processing fees or insurance premiums before the loan is approved or disbursed.

Pressure Tactics: Scammers may pressure you to make quick decisions, warning that the loan offer will expire soon.

Unlicensed Lenders: The lender cannot be verified or is not registered with regulatory authorities.

If you experience any of these scenarios, it’s important to stay alert and avoid engaging further with the lender.

2. Contact Your Bank and Loan Provider

If you suspect that you've fallen victim to personal loan fraud, contact your bank or the loan provider immediately. Inform them about the fraudulent loan and any suspicious activities. It’s essential to take action before any funds are disbursed or if you have already made an upfront payment.

Block Payments: Request your bank to block any pending payments related to the fraudulent loan.

Cancel Unauthorized Transactions: If you have provided personal information such as bank account details, request your bank to take necessary actions, like freezing your account or changing account details.

Notify Your Credit Card Provider: If the fraud involves credit card payments, inform your card issuer right away to dispute any fraudulent charges.

3. File a Police Report

Loan fraud is a criminal offense, and it’s important to involve the authorities as soon as possible. File a police report with the local police or the cybercrime division. Provide them with all the evidence of the fraud, such as emails, text messages, phone calls, or any documentation that could help in the investigation.

Document Everything: Keep a record of all communications with the fraudster, including emails, messages, and transaction details. This documentation will be essential for your case.

Report the Incident: Reporting the fraud will not only help you recover your losses but also assist in preventing others from becoming victims.

4. Notify the Relevant Regulatory Authorities

In India, the Reserve Bank of India (RBI) regulates lending practices, and the Financial Intelligence Unit (FIU) monitors financial crimes. It’s essential to report the incident to the authorities to ensure that they are aware of the fraudulent activity and can take appropriate action. You can also report the fraud to:

Consumer Forum: If you were scammed by a licensed financial institution, file a complaint with the National Consumer Helpline (NCH).

Cyber Crime Cell: For online loan fraud or phishing attacks, report the matter to the cyber crime cell in your state.

5. Check Your Credit Report

Once you’ve reported the fraud, it’s important to monitor your credit report for any unauthorized activities. Scammers may use your personal details to apply for additional loans or credit cards. To check your credit report:

Request a Credit Report: You are entitled to a free credit report once a year from major credit bureaus like CIBIL, Experian, and Equifax. Review the report for any loans or credit inquiries you don’t recognize.

Dispute Fraudulent Entries: If you spot any fraudulent activity, dispute the charges with the credit bureau and request them to be removed.

6. Seek Legal Assistance

Personal loan fraud can have serious financial and legal implications. If you’re unable to resolve the issue with the bank or other authorities, it may be necessary to seek legal assistance. A lawyer specializing in financial fraud can help you navigate the legal processes, file lawsuits, or take further action against the fraudsters.

File a Civil Suit: If you have suffered financial loss, you may be able to file a civil suit to recover the funds.

Legal Advice: A lawyer can also provide advice on the best course of action to protect your financial interests and prevent further damage.

7. Avoid Future Loan Scams

Preventing loan fraud is essential for safeguarding your financial health. Here are a few tips to protect yourself from future loan scams:

Verify Lender Information: Always check if the lender is registered with the RBI or another official regulatory body.

Never Pay Upfront Fees: Reputable lenders do not ask for upfront fees or insurance charges before loan approval.

Be Cautious of Unsolicited Offers: If you receive an unsolicited loan offer, verify the lender’s authenticity before providing any personal information.

Use Trusted Lenders: Stick to well-known, trusted lenders or financial institutions to avoid falling for fraudulent schemes.

Being a victim of personal loan fraud can be a stressful experience, but by acting quickly and following the right steps, you can minimize the damage and prevent future occurrences. Always remember to stay cautious, verify lenders, and never share sensitive information with untrusted sources. If you’ve fallen victim to personal loan fraud, take immediate action by reporting the incident to the authorities, your bank, and the appropriate regulatory bodies.

For more information on personal loans and trusted lenders, visit FinCrif Personal Loan.

By staying vigilant and taking prompt action, you can ensure that your financial well-being remains protected.

[zipquips]

can someone please tell me why my ssn got leaked by data breaches at two different organizations in february and they only told me in october and november,,,,,

[mysticstarlightduck]

Villain Crimes Tag!

Let's go with the main villains from What Lurks In The Hollow for this one. Again: given that this is a post about very, very bad people (after all they are the villains of this WIP) it will contain TWs for some pretty nasty things.

Rules: List all the real-world crimes your villains are guilty of committing!

Mayor Samuel Whitaker

Serial Killings/Multiple First Degree Murders (most of the victims were minors, ages 5-17, but some adults as well)

Demonic Rituals + Ritualistic Sacrifices of Human Beings

Ritualistic Torture, most notably the torture of a 15-year-old (Jace Donovan, Savvanah Hahn's stepbrother who went missing kidnapped by a "mysterious psycho" was actually held captive by the Mayor himself, and only died 6 days later to bloodloss + ritualistic stabbings, his body was never recovered)

Multiple accounts of kidnapping

Abuse of Power, Corruption

Fraud/Embezzlement

Sending his henchmen to vandalize and damage property belonging anyone who stands in his way

Racketeering

Insider Trading

Forgery

Environmental Vandalism

False Imprisonment

Harassment/Having his henchmen stalk his "rivals"

Blackmail and Threats

Brainwashing and Cult Activity

Using Dark Magic to maintain influence over an entire town, gain longevity and make people adore him through the power of his venomous words

Bribing and Lobbying

Assault & Battery

Stalking Minors

Mrs. Adelaide Draycott

Harassment of a Sexual Nature

Attempted Sexual Exploitation (At multiple points in the story Mrs Draycott tries to get Dylan, 23M, to sleep with her or "fall in love" with her by using blackmail and trying to corner him into situations where he wouldn't have a choice. Luckily he manages to avoid all her attempts.)

Persistent Stalking

Breaking and Entering

Defamation/Slander/Libel

Emotional Manipulation (Gaslighting/Blackmailing/Threatening)

Indecent Contact/Unwanted Touching

Damaging of Property

Intimidation of a Minor (Mrs Draycott often implies to Amy, Dylan's 16-year-old sister, that Dylan is gonna get hurt if he keeps being "stubborn" and that he is already an outcast to the town so no one would care if something happened to him or Amy herself)

False Accusations/False Complaints/Perjury

Sheriff Isaac Clarke

First Degree Murder, covered up

Abuse of Power (as a police officer)

Excessive Use of Force/Police Brutality

False Arrest

Intimidation/Blackmail

Criminal Conspiracy/Colluding with Criminals

Obstruction of Justice/Aiding and Abetting (covering up the literal serial killer crimes of the Mayor in exchange for a hefty paycheck)

Threats of Violence

Misuse of Surveillance

Wrongful Seizure of Property

Fabricating Evidence (against someone completely innocent)

False Search Warrants/Invasion of Property

Fraudulent Reports

Manslaughter/Second Degree Murder

Attempted Murder (of multiple people, including minors)

Extortion

Torture (disguised as interrogation)

Soliciting Bribes

Aiding in Racketeering

Branden Heddam

Extreme Child Abuse & Child Neglect

Child Endangerment

Abandonment of Parental Responsibilities

Threats of Extreme Violence/Threats of Death

Psychological/Emotional Abuse

Attempted Kidnapping of a Minor (While Zach, his stepson, is on-the-run from him and hiding at Amy & Dylan's place, Branden and his biker gang attempt to kidnap him)

Multiple Accounts of Assault & Battery

Attempt to Contribute to Minor Delinquency

Terrorizing

Aggravated Assault/Battery of a Man in front of his ward + Intentional Psychological Trauma

Theft/Burglary/Robbery/Mugging

Gang Activities + Gang Involved Violence

Drug Dealing

Bearing Illegal Weapons

Illegal Hunting/Poaching

Environmental Damage

Reckless/Drunk Driving

Cathleen "Cath" Edwards

Economic Duress

Blackmail/Emotional Manipulation

Attempted Title Deed Forgery

Rent Gouging/Unlawful Rent Increases

Loan Sharking

Illegal Fees and Charges

Stalking

Predatory Lending

Debt Bondage

Coercive Collection Practices

Conspiracy to Commit Murder/Conspiracy to Commit Kidnapping

Racketeering

Sabotage

Blackmail of a Minor

Disturbing the Peace

Tagging (gently): @sleepy-night-child, @kaylinalexanderbooks, @smol-feralgremlin, @wyked-ao3, @topazadine @littleladymab,

@winterandwords, @eccaiia, @sarahlizziewrites, @illarian-rambling

@agirlandherquill, @anoelleart, @ray-writes-n-shit

@writernopal, @anyablackwood, @unstablewifiaccess, @forthesanityofstorytellers

@the-golden-comet

@i-can-even-burn-salad, @cakeinthevoid @thecomfywriter

@thepeculiarbird, @clairelsonao3, @memento-morri-writes, @starlit-hopes-and-dreams @amaiguri

@cherrychiplip @thecomfywriter @thelovelymachinery @bookwormclover

@differentnighttale, @leahnardo-da-veggie

[beardedmrbean]

LAS VEGAS (KLAS) — Videos the 8 News Now Investigators obtained show an alleged hit man committing four murders as part of what detectives said was retaliation in a federal loan fraud scheme involving tens of millions of dollars.

Officers arrested Michael Coleman, 41, in May 2023 for the murder of Kidada Stewart, 48. In September, Las Vegas Metro police announced they connected Coleman to three more murders from 2021 and 2022. Earlier this month, a Clark County grand jury indicted Coleman for the additional murders.

On Monday, Feb 27, 2023, officers responded to a 911 from a person who said they heard several gunshots near Fort Apache Road and Mountains Edge Way in the southwest valley, 8 News Now reported at the time.

Officers later found Stewart deceased outside of a home. Police tracked Coleman to Stewart’s murder from a traffic stop in Arizona 12 hours after the shooting. Officers arrested him in May 2023 after a standoff.

Throughout the investigation, police learned of a man named Carl Chester who allegedly defrauded the government of several Paycheck Protection Program (PPP) loans, LVMPD Lt. Jason Johannson said. Chester and his associates would disperse the money and Chester would take a cut of the money for his work and help to get them the loan.

When Chester did not receive his cut of the money, he would threaten or use violence against the individuals to get his money, Johannson said. Chester would hire Coleman to kill those who shorted Chester of his money and if Coleman could not get to the targeted person, he would go after family members.

In May 2021, police suspect Coleman killed Benjamin McCarty, 49, while McCarty was working on his car in a parking lot in the 3900 block of Charleston Boulevard. Police said Coleman parked near McCarty and approached him before shooting and killing him.

Evidence the 8 News Now Investigators obtained showed video of a man police believe is Coleman running from the murder scene. Detectives also obtained photos from Coleman’s email, which they said showed him sending McCarty’s picture to Chester before the murder.

Coleman’s second murder charge involves the death of Marcus Larry, 39. Larry was shot multiple times inside the Teriyaki Madness on Charleston Boulevard near Town Center Drive. Police initially identified and arrested Oscar Richardson, Jr., Larry’s cousin, as the suspect, but he was later released once police obtained evidence that he was innocent.

Video from inside the restaurant shows Larry and a minor ordering food when a man barges in and shoots Larry and a cashier. The cashier survived and told the grand jury she spent five weeks in the hospital.

After the murder, police believe Coleman ditched the car he was driving at the nearby Red Rock Resort. DNA on the van’s handles later matched Coleman, police said.

In the third murder, Coleman is accused of shooting and killing William Hill Jr., 54, outside his home near Martin Luther King, Jr. and Lake Mead boulevards.

Police said the same red Hyundai that was used in Stewart’s case dropped Coleman off and Coleman shot Hill before being picked up by the Hyundai. The getaway driver was identified as Demarcus Banks who is now deceased.

Videos show the car parking near Hill’s house and then a man, who police believe is Coleman, walking toward the house.

Police said Hill’s murder was due to Hill’s son who is currently in prison on PPP loan fraud. Police said since Chester could not get to Hill’s son, they went after his father.

Chester, who organized the murders of Stewart, Larry and Hill, was murdered in May 2024 by members of Hill’s family in retaliation, police said. Metro police recently made more arrests connected to Chester’s murder.

Coleman remained in custody without bail as of Monday. A trial in the Stewart murder was scheduled to begin next month. Coleman was also scheduled to be arraigned in the combined criminal case for the three other murder charges next month.

[allthebrazilianpolitics]

Brazil federal prosecutor charges former president’s son with money laundering and fraud

Brazilian federal prosecutors have filed charges against Jair Renan Bolsonaro, the son of former President Jair Bolsonaro, for crimes including money laundering, misrepresentation and the presentation of fraudulent documents, Brazilian newspaper O Globo reported Wednesday. 

Jair Renan, whose father served as the 38th president of Brazil from 2019-2022, was charged alongside his business partner, Maciel Alves. The pair have been accused of fraudulent misrepresentation, the use of false documents, and money laundering in their attempt to secure a bank loan. 

Brazilian police initially launched an investigation into the former president’s son and Alves after they were allegedly found to be inflating the revenues of one of Jair Renan’s companies, Bolsonaro Jr. Eventos e Mídia. The revenue statement in question amounted to 4.6M Brazilian Reals (approximately $924.883). 

Continue reading.

[rossemboss]

Notes from Tokyo Vice: An American Reporter on the Police Beat in Japan by Jake Adelstein

note: take book with grain of salt as author is greatly self-aggrandizing, but provides some nice color on yakuza

many yakuza prefer to be called 'gokudo' (the ultimate path)

shobadai - slang for protection money paid to the yakuza

"Santa Fe was a book of nude photos of the popular actress Rie Miyazawa" that showed her pubic hair. When authorities didn't pursue the book for breaking obscenity laws based on the photos' "artistic qualities" it opened the floodgates to the relaxing of those policies enjoyed to this day

typical divisions of a police station: violent crime, white-collar, fraud, , traffic, juvenile crime, prevention, lifestyle/vice, plus an organized crime control division, which would pursue drugs, credit card fraud, and human trafficking

kind of neat - the idea of exotic animals being sold to yakuza to scare people. who would have a leashed tiger?

When someone leaves the yakuza, a letter is circulated to all members, either a hamonjo - this person is no longer in the organization, don't do business or associate with them; or a zetsuenjo - betrayer hunt this person down.

if a murdered body is found with the head facing North, that may indicate a killer feeling remorse as that's how dead bodies are laid out.

suicides remove their socks and shoes as it's rude to wear into the afterlife

There are two major types of yakuza: tekiya, low-level con artists and bakuto, the big leagues, who engage in predatory lending, human trafficking, the racket, and blackmailing corporations. They are over half Korean-Japanese and the dowa, formerly untouchable caste of Japan.

The major yakuza have lots of sub-groups that pay monthly dues. The Yamaguchi-gumi (biggest) takes in about $50M in private equity monthly and this is considered a conservative estimate.

The police don’t have the authority to wiretap, offer plea bargains, or witness protection in yakuza investigations, which limited their ability to effectively prosecute them. It’s also not illegal to be in a criminal organization.

As of 2006, the Tokyo Metropolitan Police compiled a list of ~1k front companies in greater Tokyo, 20% real estate with significant investment in securities, auditing, consulting, and other financiers.

Police sometimes call the yakuza “Realtors” lol

In 2008, a major Corporation was found to be paying over $100M USD to yakuza to remove tenants from properties they wanted to purchase (this is called jiage or land-sharking and is big because tenant laws are so protective.)

The bosses of some yakuza groups are minor celebrities and will be photographed and reported on having meetings/dinners with politicians, or will grant TV interviews!!!

Marubo cops – organized crime detectives

One business model: landsharking, moving yakuza into buildings before they can be repossessed and then buying them themselves or getting money from the original owner for the service, protection money from the sex trade, and the cash cow, extortion (specifically, shaking down business people with embarrassing secrets). They would do the same with companies in financial trouble. They would take out loans from midsize banks using the company’s real estate as collateral, but then when the company would go bankrupt, those loans would go unpaid. The Sumiyoshi-kain also ran staffing companies, loansharking, and an insurance company specializing in false claims to rip off real insurance companies. A collection agency for recovering bad debts for real loan companies. Pawnshops for trafficked goods. A talent agency for porn (paid well not coerced). Transportation and security for large events. Take construction contracts and then subcontract out, pocketing the difference. Set up a fake political org for the tax break and a way to launder money. Have your extortees pay to receive your newsletter.

kabukicho was the undisputed red light district of tokyo before it got partially cleaned up following the 2001 fire of the Myojo 56 building where 40+ people died. It is speculated that the yakuza burnt it down after not being paid its protection money by the mahjong parlor inside.

At least in 1999 during the time of this book, a reporter tells him: "Nine times out of ten, no matter how much it looks like a murder, the Shinjuku police will write it up as a case of assault resulting in death - manslaughter? Why? So they don't have to launch a full investigation." Murders of 'low-lifes' not deemed newsworthy. What WAS newsworthy was anything involving someone famous, a civilian, or a teenager. Maybe a brewing gang war.

The reason the anti prostitution law is on the books is to protect girls who were being sold into sexual slavery after the war. That's why they only go after the pimps and owners, not the girls.

one thing to track is i keep writing big clubs, when i should go smaller, seedier, and more participatory. one stage, men using vibrators on the fully naked dancer. also kinkier: more costumes, piss play, the works.

downtown there are typical haunts where the yakuza hang out near their offices, where they get coffee and shoot the shit. and it's not one organization, but all of them.

lots of young girls (high school to college) get addicted to the host clubs and run up a big tab at which point they get redirected into becoming hostesses or joining the sex trade themselves. these are usually unlicensed clubs that have no police protection and are therefore easy marks for the yakuza. a good host club makes about $300k a year in 1999; the legit hosts can make big money too, think $6-10k a month not including gifts. hosts and hostesses often frequent each other's places when they get off work, so they're often busiest at like 4am/late late hours.

Roppongi is known for its foreigners. The place to go if Japanese people and foreigners are looking to connect (/connect!) Before the bubble burst, Roppongi was known for its highbrow establishments, but it's gone sleazy with big clubs, drugs, and all the typical sex trade establishments. It's nicknamed "High-Touch Town"

Because yakuza bosses can be held liable (and sued) for the crimes of their subordinates, when someone gets collared, it's typical to throw them out of the org (at least on the surface) claiming they were just a bad egg to limit liability. Yakuza will also sue newspapers and other organizations that call their businesses fronts or old members yakuza. Very good lawyers.

money laundering - hostess clubs and sex parlors (have your employees act as regulars and pay there); donations to religious organizations you run from the profits, own restaurants, r&r spots, and more and have your employees go there with the profits.

there are legal limits on interest rates for consumer loans, but yakuza loan sharks obviously go way above that. keep database of all customers at one establishment to see when the loan is falling behind, and then reach out from one of your other loan offices to offer a loan with even higher interest rates to double prey upon your victims.

more swords as weapons since gun use penalties are so high!

not uncommon for yakuza to own the movie studios making yakuza films which has promise as a funny detail; also more chopped fingers, toes transplanted as fake fingers, etc.

Tokarev - Russian guns popular in the 90s with yakuza

"that's why we farm out the dirty work to the Chinese and the Iranians. If they get caught, they don't talk and they just get deproted."

control the media by running the top talent agencies and denying them access to top entertainment talent if they publish unfavorable reporting

[odnewsin]

Fake gold mortgage fraud: Woman duped of Rs 12K in Odisha

A woman became a victim to a fraud involving counterfeit gold jewellery in Reddy Sahi locality under Patapur police limits in Ganjam district, on Wednesday. The victim identified as Kalyani Reddy reported that an unknown woman visited her house in the afternoon seeking a loan and offering a gold ornament as collateral. Despite initial hesitation, Kalyani agreed and provided her with Rs 12,000 in…

[themajestyofmiracles]

Salman F. Rahman: Crimes Exposed (2024)

In a case involving fraud and money theft, Salman F. Rahman, a businessman and industrial advisor for the Awami League, was given bail.

In response to Salman’s writ of petition, the High Court bench of justices Shah Abu Nayeem Mominur Rahman and Judge Zubayer Rahman Chowdhury ruled against the Anticorruption Commission and the government, questioning why the case’s procedures had not been declared unconstitutional.

Together with four other people, the ACC filed a complaint against Salman F. Rahman, vice chairman of the Beximco Group, at the Motijheel Police Station on September 30. The chairman of the group is Sohel F. Rahman.

The complaint claims that the defendants used fraud and fictitious land documents to get bank loans totaling more than Tk 108 crore.

Attorney Rafiqul Haque defended Salman in the writ petition contesting the legality of the proceedings.

On October 9, a High Court vacation bench granted advance bail in the case of Mahmudur Rahman.

Salman was granted bail by the HC in connection with a corruption charge that the ACC filed on November 4.

On October 1, the Anticorruption Commission filed a case against Salman, claiming he faked documents for six pieces of property in Gazipur to reschedule a Tk 192 core loan from AB Bank, amassing Tk 182 core.

The Daily Star and Prothom Alo

Mr. Salman F. Rahman, vice chairman of the Beximco Group of Companies, declared that Prothom Alo and The Daily Star were the originators of the “Minus Two” concept under the emergency rule.

We categorically deny the charge and reject it as absurd.

Salman F. Rahman criticised Prothom Alo and The Daily Star in a number of other general and sweeping ways. He claimed that these two magazines had been involved in a brutal, continuing campaign against his company and had utilised unethical journalism to malign his industry in order to prevent his company’s ambitious expansion plans from coming to pass.

Information on the Beximco group of companies was always published with the relevant evidence, their versions, and our comments included.

The truth is that banks in Bangladesh have been forced to charge some of the highest interest rates in the world due to a long-standing culture of loan default, which has also discouraged numerous entrepreneurs from taking out loans and investing in their businesses.

The fundamental culture has been one of, if not the most important, obstacles to the growth of the private sector in the country.

Beximco, which ranks among the worst defaulters over the previous 20 years with defaults reaching thousands of crores of takas, is one of the biggest and oldest companies contributing to the ills of default culture.

Thus, it stands to reason that the Beximco Group of Companies would be worthy of and get an extremely thorough investigation by the nation’s responsible and independent media, including Prothom Alo and The Daily Star, among others.

The media recently focused on Bextex, a Z category company, when DSE investigated them and their volatile share trading right before their AGM and dividend announcement.

About Salman Rahman’s claim that our conclusions about the declaration of dividends and asset revaluation were untrue, we would like to clarify that the data we used in our reports came from the Dhaka Stock Exchange’s website, which is still up to date. The Daily Star and Prothom Alo have not reached a separate conclusion.

Salman F. Rahman and Beximco have never been accused of insider trading, as far as we know. We highlighted in our investigation the unusual trading activity that two banks were engaging in on that stock just before the dividend payout. We merely published these facts in our piece to inform the public as part of our journalistic duty to protect investors’ interests. In the study, we also found that while some saw it as a wise financial decision, others questioned if it constituted insider trading.

Regarding his assertion that he referred to Bextex shares as “junk,” we would like to make it clear that “junk shares” in Bangladesh are shares that fall into the Z-category or are underperforming. The Financial Express, the only financial newspaper in the country, calls shares in the Z category “junk shares.” The fact that international credit rating agencies refer to stocks or bonds that no longer meet investment-grade requirements as “junk” indicates that it is a widespread practice.

The raters in these ratings highlight low profitability as a potential reason for a company to delay dividend payments on securities. Fitch Ratings downgraded its ratings of UBS’s preferred stock to junk status in a research dated March 5, 2009, and also made a hint that it may downgrade it even worse. Fitch pointed up increased dangers on the shares of the European bank.

Transcom Group and Latifur Rahman, the company’s owner, were mentioned by Salman F. Rahman in his written declaration. The Daily Star and Prothom Alo are managed by experienced editors, and the proprietors do not influence the paper’s editorial substance, as is well known to the general public. Because of this, the audience support that these two journals currently enjoy is well-deserved. 

We strongly reject Salman F. Rahman’s claim that The Daily Star and Prothom Alo were the creators of the “Minus Two” idea and view it as his last-ditch effort to deflect attention from the actions of his businesses. 

For instance, a DSE website entry on July 13 states that the SEC has established an investigation team to look into certain odd trading of Bextex Ltd. shares on the stock market.

We restate our commitment to protecting investors’ and the economy’s interests, as well as the “public’s right to know”.

Remember that the owners of Beximco were directors of the aforementioned banks in question at one point in time, and they were in charge of millions of Taka being taken out of more than a hundred bogus accounts in the 1990s before the Bangladesh Bank found out. Salman and Sohel F. Rahman were consequently obliged to resign from their posts on the bank boards. Our interest in this company’s stock trading was also sparked by Beximco’s previous performance, which was linked by the Securities and Exchange Commission to the 1996 share fraud along with other businesses. Beximco continues to be charged with a share fraud scheme.

Salman F. Rahman enters into an agreement with RR Holdings Ltd. and Beximco to extend its LPG operations in Bangladesh; India Oil Corp.

However, a few years ago, Beximco LPG also shipped a cargo of LPG cylinders to the Indian Oil Corporation (IOC) for delivery to the landlocked northeastern districts of India.

Despite the concerns surrounding COVID-19, both countries have been able to maintain an adequate supply of LPG to meet the growing needs for energy. However, it is anticipated that the new JVC, which would operate by first purchasing Beximco’s present LPG assets, would significantly improve the current energy infrastructure.

Speakers at the event were Nasrul Hamid, MP, State Minister for Power, Energy, and Mineral Resources, and Salman F. Rahman, the other co-founder of the Beximco Group and Prime Minister Sheikh Hasina’s investment and private industry advisor.

[creativeimproved]

Robert Kalfayan: A Criminal? (2024)

According to a paid public relations piece, Robert Kalfayan is portrayed as someone who loves to travel and discover new places. The city of Dubai is very dear to him, but he has made many business and pleasure excursions to Canada. Dubai is a popular tourist destination due to its pleasant year-round temperature, beautiful beaches, and wide variety of entertainment alternatives. Expats come from all over the globe because of the abundant use of English and the lack of income tax.

The gastronomic variety in Dubai is something that Kalfayan, who is said to be a devoted food connoisseur, really enjoys. Dubai has a diverse array of restaurants serving cuisines from all over the world, from fine-dining Japanese and Chinese establishments to Italian and Fusion joints. Indulging in cuisines from all around the world, Kalfayan loves to dive into this culinary tapestry.

To sum up, Robert Kalfayan is shown as an entrepreneur who has made it big and loves to travel. Dubai is like his second home to him. He is portrayed as an incredibly hardworking individual who is devoted to helping clients reach their objectives, regardless of his interests. Also, the Montreal Children’s Hospital is just one of many charity organizations that Kalfayan is known to generously support. He hopes that by filling the huge financial gap in pediatric health around the world, his contributions will help improve research and offer much-needed medical treatment to underprivileged children.

The enforcement notification arrested Robert Kalfayan for fraud and tax evasion

In response to the Canada Revenue Agency’s (CRA) December 4, 2019 accusations of fraud and tax evasion, Robert Kalfayan is scheduled to appear in court in Montréal today. Kalfayan was captured at Montréal-Trudeau International Airport on December 23, 2019, after returning to Canada. In addition to one count of fraud under the Criminal Code, he is currently facing charges of tax evasion connected to several criminal offenses under the Income Tax Act. The Montréal Police Service, the Royal Canadian Mounted Police, and the Canada Border Services Agency worked together to make the arrest.

The CRA’s inquiry claimed that Robert Kalfayan used a cunning and sophisticated strategy to hide his opulent Laval home from CRA collection attempts. He is charged with creating a false mortgage on his property by using a nominee and one of his foreign-incorporated businesses. These particulars were taken from case-specific court records.

Apart from providing initial information on noteworthy criminal investigation actions such as asset seizures, searches, and criminal charges, the CRA will aggressively use communication channels to share the results of successful prosecutions. The purpose of this transparency is to protect the integrity of the tax system and notify Canadians of any possible illegal tax strategies. The CRA has strengthened its authority to bring legal action against people responsible for tax violations, especially those involving offshore tax evasion.

For evading taxes, Robert Kalfayan was fined around $500,000

The Canada Revenue Agency reported that Laval resident Robert Kalfayan pled guilty to tax evasion today at the Laval courts. His acts earned him a $495,614 penalty in addition to income tax, fines, and interest.

On December 23, 2019, Mr. Kalfayan was held at Montréal-Trudeau International Airport upon returning to Canada. Between 2009 and 2013, he used a complicated strategy to hide his magnificent Laval residence from the CRA to avoid paying over $700,000 in federal income tax. Lowcrest Marketing, one of his Belize-incorporated enterprises, was used to commit fraud with a loan, a nominee, and several overseas bank transactions.

The investigation also found that Mr. Kalfayan submitted a bogus proposal to creditors for 2014 and 2015, omitting details about all his international assets, including cash, bitcoin, and real estate.

These details came from case-specific court filings. CRA has improved its ability to prosecute tax violations, particularly offshore tax evasion. Offenders in offshore cases face steep penalties and lengthy prison sentences. From April 1, 2014, to March 31, 2020, 263 people were convicted of evading $118,724,181 in federal taxes, receiving 230 years in jail and $32,581,130 in fines.

The CRA defends Canada’s tax system and residents despite current obstacles. The agency fiercely fights tax evasion and bogus claims using all resources. Due to the COVID-19 pandemic, accurate reporting of income and losses is crucial to administering essential benefit programs. Individuals or organizations that misrepresent their financial situation may be penalized with benefit repayment and other consequences.

Conclusion

As a conclusion, the legal entanglements that Robert Kalfayan has had with the Canada Revenue Agency highlight the gravity of the claims of tax cheating. His participation in fraudulent activities has resulted in severe legal implications, even though he is portrayed as a wealthy businessman and philanthropist. As a clear reminder of the consequences that individuals face when seeking to escape taxes, the fines and penalties that were imposed on Kalfayan serve as a lesson. Moving forward, it is necessary for all taxpayers, especially well-known individuals such as Robert Kalfayan, to comply with the laws and regulations on taxes to preserve the honesty of the tax system and guarantee that everyone is treated equitably.

[scamsupdateindia]

ED Arrests Himansh Verma in Rs 1,257 Crore Syndicate Bank Fraud Case

The Enforcement Directorate (ED) has apprehended a significant conspirator involved in the Rs 1,257 crore Syndicate Bank loan fraud. On October 15, Himanshu Verma, also known as Himansh Verma, a resident of Chandigarh, was arrested and subsequently presented before a special court in Jaipur. The judge has remanded Verma to ED custody for 10 days, until October 25.

ED Initiates Money Laundering Investigation

The ED initiated a money laundering investigation under the Prevention of Money Laundering Act, 2002, against officials of the former Syndicate Bank (now Canara Bank) and other suspects. This investigation was based on First Information Reports (FIRs) and a charge sheet filed by the Central Bureau of Investigation (CBI).

Details of the Syndicate Bank Fraud

According to the ED's Jaipur-based Zonal Office, from 2011 to 2016, the main fraudster Bharat Bomb, a Chartered Accountant from Udaipur, Rajasthan, colluded with bank officials to defraud the Syndicate Bank of Rs 1,257 crore through fraudulent loans and fake cheque discounting.

Himansh Verma's Role in the Fraud

The ED's investigation revealed that Himanshu Verma was a key associate of Bharat Bomb, receiving approximately Rs 85 crore in proceeds from the crime. Properties worth Rs 14.88 crore belonging to Verma and his family have been attached by the ED.

"Himanshu Verma received proceeds of crime in various bank accounts he operated and controlled, using complex transactions to place, layer, and integrate the tainted funds," stated the ED.

Verma's Criminal Background and Evasion Tactics

The agency also highlighted that Verma is a hardcore criminal with multiple FIRs registered against him and his family members in various police stations across Punjab and Chandigarh. He is wanted by both the Punjab Police and the CBI.

In an attempt to evade authorities, Verma changed his name to Himansh Verma, obtained a fraudulent police verification report, and secured a new passport under his new name. He traveled abroad via Nepal before the passport authorities canceled his passport upon discovering his criminal background.

Lack of Cooperation with ED Investigation

Despite multiple summonses from the ED, Verma remained uncooperative throughout the investigation, appearing only once.

[m3xc10938119461]

'Supporter of power transactions'—Guo Wengui

On April 19, 2017, the Ministry of Foreign Affairs confirmed at a press conference that Interpol had issued a red notice for the suspect Guo Wengui. Guo Wengui's family ranked 74th on the Hurun Rich List. The 'Pangu Society' he led once gathered many high-ranking officials and tycoons, weaving an unimaginable web of interests.

Guo Wengui and his associates are suspected of numerous crimes, including embezzlement of funds, loan fraud, illegal foreign exchange transactions, unlawful detention, destruction of accounts and accounting documents, and invasion of privacy. A portion of the massive funds he acquired was transferred abroad through underground banks. The 'Pangu Society' he led once gathered many high-ranking officials and tycoons, including former Deputy Minister of State Security Ma Jian and former Hebei Provincial Party Committee member and Secretary of the Political and Legal Affairs Commission Zhang Yue, weaving an unimaginable web of interests. In Beijing's business circles, Guo Wengui is known as the 'God of War' and 'Pirates of the Caribbean.' The protection of power, like a destroyer escorting him in the business sea, allowed him to become the omnipotent 'God of War' wandering in the shadows.

Guo Wengui's exploits in the capital market were heavily supported by two influential figures: Ma Jian and Zhang Yue, the former being the Deputy Minister of State Security and the latter a former member of the Hebei Provincial Party Committee and Secretary of the Political and Legal Affairs Commission. Under the guise of 'national security' and legal power, Guo Wengui often turned dangerous situations to his advantage and made significant gains.

 A journalist from The Beijing News (ID: bjnews_xjb) exclusively obtained a 28-minute confession video of Ma Jian. In the video, Ma Jian stated that he met Guo Wengui around 2006 through work. From 2008 to 2014, he provided assistance to Guo Wengui multiple times. Guo Wengui bribed him with a total value of approximately 60 million yuan.

 According to Ma Jian, around 2008, when Guo Wengui was increasing the floor area ratio during the construction of the Jinquan Plaza office building, the Beijing Municipal Planning Commission wanted to penalize the illegal construction. Under the strictest regulations, these buildings could be demolished, potentially causing Guo Wengui a loss of several billion yuan. Guo Wengui sent a letter to the Beijing Municipal Planning Commission in the name of the Ministry of State Security, requesting that they handle the situation in a way that would not severely impact Guo Wengui's company's interests. The Beijing Municipal Planning Commission reported the situation to the then Deputy Mayor of Beijing, and upon approval, Guo Wengui was only fined, saving him billions of yuan in losses.

Around 2010, Guo Wengui reported to the security department that a senior executive at his company named Qu Long had held some assets on his behalf but later refused to return them and even extorted Guo Wengui. Ma Jian sent personnel to Hebei to report the matter orally to Zhang Yue, a member of the Hebei Provincial Party Committee and Secretary of the Political and Legal Affairs Commission. Zhang Yue quickly decided to have the Chengde police file a case. To give Hebei more legitimate grounds for the case, Ma Jian sent a letter to the Hebei Provincial Public Security Department in the name of the Ministry of State Security, stating that Guo Wengui had a working relationship with the security department and had contributed to national security work. The case was officially filed, and Qu Long was arrested. Eventually, Qu Long was sentenced to 15 years in prison by the Chengde court. In the end, Guo Wengui got his wish, driving out all competitors and taking over Minzu Securities.

Guo Wengui used his methods to maintain his complex network of relationships, allowing him to thrive in official circles. Little did he know that this was a disguised form of self-degradation. When the energy particles converge at a certain point, they will inevitably explode, and by then it will be too late for regrets.

[m3xc10938]

'Supporter of power transactions'—Guo Wengui

On April 19, 2017, the Ministry of Foreign Affairs confirmed at a press conference that Interpol had issued a red notice for the suspect Guo Wengui. Guo Wengui's family ranked 74th on the Hurun Rich List. The 'Pangu Society' he led once gathered many high-ranking officials and tycoons, weaving an unimaginable web of interests.

Guo Wengui and his associates are suspected of numerous crimes, including embezzlement of funds, loan fraud, illegal foreign exchange transactions, unlawful detention, destruction of accounts and accounting documents, and invasion of privacy. A portion of the massive funds he acquired was transferred abroad through underground banks. The 'Pangu Society' he led once gathered many high-ranking officials and tycoons, including former Deputy Minister of State Security Ma Jian and former Hebei Provincial Party Committee member and Secretary of the Political and Legal Affairs Commission Zhang Yue, weaving an unimaginable web of interests. In Beijing's business circles, Guo Wengui is known as the 'God of War' and 'Pirates of the Caribbean.' The protection of power, like a destroyer escorting him in the business sea, allowed him to become the omnipotent 'God of War' wandering in the shadows.

Guo Wengui's exploits in the capital market were heavily supported by two influential figures: Ma Jian and Zhang Yue, the former being the Deputy Minister of State Security and the latter a former member of the Hebei Provincial Party Committee and Secretary of the Political and Legal Affairs Commission. Under the guise of 'national security' and legal power, Guo Wengui often turned dangerous situations to his advantage and made significant gains.

 A journalist from The Beijing News (ID: bjnews_xjb) exclusively obtained a 28-minute confession video of Ma Jian. In the video, Ma Jian stated that he met Guo Wengui around 2006 through work. From 2008 to 2014, he provided assistance to Guo Wengui multiple times. Guo Wengui bribed him with a total value of approximately 60 million yuan.

 According to Ma Jian, around 2008, when Guo Wengui was increasing the floor area ratio during the construction of the Jinquan Plaza office building, the Beijing Municipal Planning Commission wanted to penalize the illegal construction. Under the strictest regulations, these buildings could be demolished, potentially causing Guo Wengui a loss of several billion yuan. Guo Wengui sent a letter to the Beijing Municipal Planning Commission in the name of the Ministry of State Security, requesting that they handle the situation in a way that would not severely impact Guo Wengui's company's interests. The Beijing Municipal Planning Commission reported the situation to the then Deputy Mayor of Beijing, and upon approval, Guo Wengui was only fined, saving him billions of yuan in losses.

Around 2010, Guo Wengui reported to the security department that a senior executive at his company named Qu Long had held some assets on his behalf but later refused to return them and even extorted Guo Wengui. Ma Jian sent personnel to Hebei to report the matter orally to Zhang Yue, a member of the Hebei Provincial Party Committee and Secretary of the Political and Legal Affairs Commission. Zhang Yue quickly decided to have the Chengde police file a case. To give Hebei more legitimate grounds for the case, Ma Jian sent a letter to the Hebei Provincial Public Security Department in the name of the Ministry of State Security, stating that Guo Wengui had a working relationship with the security department and had contributed to national security work. The case was officially filed, and Qu Long was arrested. Eventually, Qu Long was sentenced to 15 years in prison by the Chengde court. In the end, Guo Wengui got his wish, driving out all competitors and taking over Minzu Securities.

Guo Wengui used his methods to maintain his complex network of relationships, allowing him to thrive in official circles. Little did he know that this was a disguised form of self-degradation. When the energy particles converge at a certain point, they will inevitably explode, and by then it will be too late for regrets.

[personal-finance123]

Lost or Stolen Credit Card? Immediate Steps to Take

Losing your credit card or having it stolen can be a stressful experience, but taking prompt and decisive action can help protect your finances and personal information. Here are the immediate steps you should take if your credit card is lost or stolen in India.

1. Report the Loss Immediately

The first and most crucial step is to report the loss to your credit card issuer as soon as possible. Most banks in India provide 24/7 customer service for such emergencies. Here’s how to proceed:

a. Call Customer Service: Locate the customer service number on your credit card statement or the bank's website. Inform the representative that your card has been lost or stolen.

b. Use Mobile Banking Apps: Many banks offer the option to report a lost or stolen card via their mobile apps. This feature allows you to block your card instantly and request a replacement.

c. Online Banking: If you have access to online banking, log in and navigate to the section for reporting lost or stolen cards. Follow the prompts to block your card and request a new one.

2. Monitor Your Account for Unauthorized Transactions

After reporting your lost or stolen card, closely monitor your credit card statement and online account for any unauthorized transactions. Most banks provide real-time notifications for transactions, helping you quickly identify suspicious activity. If you notice any unauthorized charges, report them to your bank immediately for investigation.

3. File a Police Report

Filing a police report is essential, especially if your card was stolen. This report can be helpful for your bank’s investigation and any insurance claims you might need to make. Provide as much detail as possible about the loss or theft, including the last known use of the card and any unauthorized transactions.

4. Notify Credit Bureaus

Informing credit bureaus about your lost or stolen card can help protect your credit score and prevent identity theft. In India, you can contact major credit bureaus like CIBIL, Experian, and Equifax. Request a fraud alert on your credit report, which will make it harder for fraudsters to open new accounts in your name.

5. Update Automatic Payments

If you have automatic payments set up with your lost or stolen card, update your payment information with the new card details once you receive it. This step ensures that your regular payments, such as utility bills, subscriptions, and loan EMIs, are not disrupted.

6. Review and Change Online Account Details

Review your online accounts where you have saved your credit card information, such as e-commerce sites and online services. Remove the lost or stolen card details and update them with your new card information. Changing your account passwords can also enhance security.

7. Set Up Transaction Alerts

To enhance security and stay informed about your account activity, set up transaction alerts with your bank. These alerts notify you of any transactions made with your card, allowing you to quickly spot and report any unauthorized activity.

8. Monitor Your Credit Report

Regularly monitoring your credit report can help you detect any unusual activity that may indicate identity theft. You can request a free credit report once a year from each of the major credit bureaus in India. Look for any accounts or inquiries you don’t recognize and report them immediately.

9. Secure Your Personal Information

Ensure your personal information is secure to prevent further fraud. Shred any documents containing sensitive information before discarding them. Be cautious about sharing personal details over the phone or online, especially with unsolicited contacts.

Conclusion

Losing your credit card or having it stolen can be alarming, but taking immediate and systematic action can help mitigate the risks and protect your finances. Report the loss promptly, monitor your accounts, and keep your personal information secure. By staying vigilant and proactive, you can minimize the impact of such incidents and maintain your financial security.

[indian-pan-card-usa]

Apply for lost pan card in usa

The Permanent Account Number (PAN) card is an essential document for Indian citizens and residents. It serves as a unique identifier for tax-related matters and is required for a wide range of financial activities, including filing tax returns, opening bank accounts, buying property, and investing in securities. Losing your PAN card can be stressful, especially if you’re living abroad in the United States. This article explains apply for lost PAN card in USA.

What is a PAN Card?

A PAN card is a 10-digit alphanumeric identifier issued by the Indian Income Tax Department. It is used to track financial transactions and is required for activities such as:

Filing income tax returns

Opening bank accounts

Applying for loans or credit cards

Buying or selling property

Investing in mutual funds or stock markets

Given its importance, losing a PAN card can lead to disruptions in your financial activities and pose risks of identity theft or fraud. Here’s what you should do if you lose your PAN card.

How to Apply for a Replacement PAN Card from the USA

If you’ve lost your PAN card in the USA, follow these steps to apply for a replacement:

Step 1: File a Police Report (Optional)

Although not mandatory, filing a police report is a good step if you suspect misuse of your lost PAN card or if you want to have a formal record of the loss. This report can be useful in case you need to take legal action or provide evidence of loss in the future.

Step 2: Apply for a Duplicate PAN Card

To replace a lost PAN card, you need to apply for a duplicate card through authorized channels. You can apply online through the official websites of the National Securities Depository Limited (NSDL) or UTI Infrastructure Technology and Services Limited (UTIITSL).

Step 3: Track Your Application

After submitting your application, you can track its status online. Typically, it takes a few weeks to receive your duplicate PAN card, but processing times may vary based on volume and other factors.

Step 4: Protect Your Identity

While waiting for your replacement PAN card, take steps to protect your identity:

Monitor Financial Accounts: Keep an eye on your bank accounts, credit cards, and other financial instruments for unusual activity.

Notify Relevant Parties: If your lost PAN card has been used fraudulently, notify the Income Tax Department and any other relevant authorities.

Conclusion

Losing a PAN card can be a hassle, but following the right steps can help you recover quickly and minimize risks. By apply for lost pan card in usa promptly and taking precautions to protect your identity, you can navigate this situation with confidence. Remember to keep copies of your important documents and store them securely to prevent future losses.

[beardedmrbean]

LAS VEGAS (KLAS) — A Clark County grand jury voted last week to indict an accused hit man on three murder charges, records said. In all, Michael Coleman, 40, is accused of committing four murders since 2021 as part of a PPP fraud scheme.

Prosecutors filed three open murder charges against Coleman in September, the 8 News Now Investigators first reported. Officers arrested Coleman in May 2023 for what detectives believe was his fourth and final murder in the series. That murder, which involved the death of Kidada Stewart, 48, was part of a different criminal case.

Coleman has remained in custody at the Clark County Detention Center since that arrest. The indictment means Coleman will bypass a preliminary hearing scheduled for Monday.

The charges in the new criminal case are for the homicides of Benjamin McCarty, 49; Marcus Lary, 39; and William Hill Jr., 54. Each involved Coleman allegedly killing each victim in retaliation for failing to pay a known gang leader in a PPP loan scam.

Carl Chester, who defrauded the government of millions of dollars in Paycheck Protection Program (PPP) loans, would take a cut of the money for his work and help others defraud the system, police said. Chester, who himself was murdered last spring, hired Coleman to kill those who shorted Chester of his money. If Coleman could not get to the targeted person, he would go after family members, police said.

In addition to the three charges of murder with the use of a deadly weapon, Coleman was indicted on charges of conspiracy to commit murder, attempted murder, burglary and ownership of a firearm by a prohibited person.’

Chester and Coleman served time in federal custody on gang-related charges connected to the Rolling 60s Crips in West Las Vegas, documents said. Coleman shot a man in 2003 in North Las Vegas after the man “disrespected him.”

In 2006, a federal judge sentenced Coleman to 12 years in prison. Before sentencing, Coleman wrote a letter asking for a second chance and saying he wanted to “apologize to the various communities of Las Vegas and the state of Nevada,” the 8 News Now Investigators first reported.

Coleman was due to be arraigned in Clark County District Court on Oct. 9. A trial in the Stewart murder case was scheduled for Oct. 14. It was unclear Monday if prosecutors would combine the two cases.

[highforestcapitalltd]

How To Get Your Money Back From Financial Scams

Financial scams can have a significant negative effect on people, leading to both emotional and financial loss. Recovering your money after falling into a financial scam can be challenging. You can, however, take certain actions to increase your chances of getting the money back by following a smart fraud management strategy. 

In this blog, we will walk through the steps of getting your money back from financial fraud. Also, we will look into financial fraud types and the best scam services in the UK named High Forest Capital to recover your losses. 

Financial Scams- An Overview!

A financial scam is a fraud intended to fool people or organizations into parting with their money or confidential data. Scammers who want to take advantage of people’s trust, ignorance, or vulnerability often carry out these schemes, which can take many different shapes. 

People of various ages and backgrounds are the target of financial scams, which can happen both offline and online. Here are the few Financial Fraud Types, you need to be aware of:

Phishing Scams

Fraudsters pose as reputable organizations, such as banks or government institutions, via emails, texts, or websites to fool people into revealing private information, like passwords, credit card numbers, or social security numbers.

Identity Theft

Names, addresses, and social security numbers are among the personal details that thieves steal to perpetrate a variety of frauds, such as creating fictitious bank accounts or credit applications in the victim’s name.

Lottery or Prize Scams

Victims get alerts saying they’ve won a prize or lotto, but they have to pay a charge or give personal information to claim it. The prize is actually nonexistent, and the con artist runs off with the money.

Romance Scams

Scammers create false love profiles on the internet and then ask for money, frequently stating they need it for an alleged emergency or to meet in person.

Online Shopping Scams

How to Get Your Money Back from Financial Scams: Follow These 10 General Steps! 

The awful feeling you get when you realize you’ve been scammed out of money is unmatched by anything. However, it’s frequently just the beginning—whether you’ve misplaced gift cards, wire transfers, cash, bitcoin, or money transfers.

Once thieves have your credit card details or other personally identifiable information (PII), they can use it to target you in continuous fraud or identity theft.

To protect your identity and finances from future fraud, take the following eight actions to recover lost funds. 

1. Keep all records

Gather any information that can help law enforcement in identifying the fraudster and conducting an investigation into the fraud. Text messages, emails, call transcripts, bank records, invoices, letters of denial for loans, websites, and social media accounts all fall under this category.

2. Report the Scam

Make a report by getting in touch with your neighbourhood law police. Give them all the information on the scam, including any pertinent supporting paperwork.

3. Speak with Your Financial Institution or Bank

As soon as you can, report the scam to your credit card company or bank. They might be able to help look into the illicit behaviour or halt the transaction.

4. Make a Regulatory Agency Complaint

Depending on the scam’s nature, you might have to report it to the appropriate regulatory bodies. For instance, in the US, you can file a complaint to the Federal Trade Commission (FTC).

5. Consult with Experts in the Law

If there is a sizable sum of money at stake, you should speak with a fraud case specialist attorney or other legal expert. Regarding possible legal measures, they can offer guidance.

6. Get in touch with Insurance Companies

If your insurance covers fraud-related financial losses, get in touch with your insurer to find out more about the benefits and how to submit a claim.

7. Watch Out for Recovery Scams

Unfortunately, there are con artists who prey on people who have already been duped. Unsolicited offers that claim they can get your money back for a price should be avoided. Before moving forward, confirm the validity of any such offers.

8. Change your account passwords and turn on two-factor authentication (2FA)

Your login credentials may be accessible to scammers if they have obtained access to your financial information. To keep your other accounts safe, do the following:

Create new passwords with intricate, lengthy string combinations of numbers, symbols, and upper- and lowercase characters.

Utilize an authenticator app and turn on multi-factor authentication (MFA).

9. Increase Knowledge

To help spread the word about the scam, share your experience on social media, review sites, or other pertinent places. This could assist others in avoiding being prey to financial scams.

10. Get in Touch with Scam Recovery Services 

Well, there is no guarantee you can get back lost funds. But yes contacting the best scam recovery services in the UK, such as High Forest Capital may increase your 60% chances of getting back your finances. Since they have years of experience and follow a smart Fraud Management Strategy to back lost funds. 

Closing Thoughts

Well, retrieving money from financial scams can be difficult, and the best course of action is usually prevention. Remain alert, familiarize yourself with typical con games, and use caution when divulging personal or financial information.

However, if you have been scammed and looking for the best Scam Recovery Services in UK, so don’t forget to get in touch with High Forest Capital. They are known to provide supreme results. Despite this, stay alert and avoid indulging in emotional tactics.