In 2019, after hearing from a client that nearly half a million euros disappeared through what appeared to be a brokerage firm in Cyprus, they discovered that the money really went to a small office in Bulgaria. Fast forward a few months, and the story radically changed with those crooked young men agreeing to pay back more than the amount they stole in exchange for their freedom from jail.
Since this time last year, the experts of the AGR team have witnessed the recovery of several millions of dollars of assets. AGR does all this within The Fair Debt Collection Practices Act (FDCPA) and The Fair Credit Reporting Act (FCRA).
According to Asset Global Recovery (AGR), if either the ownership structure, the liability structure, or the funds themselves can be traced before too much time has passed since the money was paid out to an dishonest party, then the possibility of recovering is very realistic. But what is most important is having a comprehensive understanding of the global anti-moneylaundering (AML) policies.
Does the fact that most of the world is in lockdown change the way pursuing fraud works? Not really, because the institutions that are relevant to pursuing such recovery channels have not and cannot close. So long as the world economy exists so will these channels. The list of these entities are almost endless. Furthermore because most of the fraudulent investments we are “offshore”, they are have gone anywhere as most were already operating remotely. So no matter how intense or long a lockdown is it is not considered to be one of the main challenges. So what are the biggest challenges?
The biggest challenges is that timing is too important and many victims of fraud hesitate because it sounds like there is a lot more work in recovering funds compared to losing them in the first place. Another big challenge is the fact that the trauma of losing so much for one makes one hesitant to spend anything else at all. For some, the idea that after money is lost to an unregulated forex company it will require money to recover it is frustrating for some.
Just like any service oriented business so too does a fraud specialist, PI, attorney, or collections agency have the right to put a value on their work. Asset Global Recovery offers reasonable solutions to someone who’s taken a hard hit because of a bad forex company and says that anyone looking to form a trust chain should understand this. And this is what AGR contributes to its recent successes. AGR partner S. Medzwinsky says “We have to be able to trust our clients just as much as they have to be able to trust us in order for a positive outcome on a case. With how negligent we see banks, regulators, and payment entities behaving and effectively allowing so called forex, CFD, or simple shell companies accept so much money from all over the world we are essentially going hand in hand with our clients to pursue all fronts. Most cases require an immense amount of time and work from us. So we need to know that they’ll support that work. This all being said, nothing is more exciting than when the settlement comes through and our client calls us to confirm that they’ve received their money back!”
For more information, visit: https://www.assetglobalrecovery.com/
Company Name: Asset Global Recovery
Contact Person: Andre Goldstein
Email: Send Email
Phone: +1 (202) 381-0450
Address:1000 Potomac Street NW
State: District of Columbia, 20007
Country: United States