Review Wealth Recovery International

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Review: Wealth Recovery International

Lately, there has been an increase in websites dedicated to helping traders recover their money from binary options scams. Today I’m reviewing one of those companies, Wealth Recovery International. Due to many binary options brokers doing a poor job at providing withdrawals and living up to their reputations, a niche market has sprouted with companies dedicated to helping traders recover lost funds. It’s really quite a shame that this is even required, but I do hold out hope that we can lean on more reputable binary options brokers as we continue trading in the future.

The company is located at 200 Vesey Street, New York, NY 10281. They have office hours from 8AM to 1PM EST, and can be contacted via email at [email protected], or phone US +1 (888) 653-2119, UK +44 (113) 868-0981. I would be very interested to see if this company does actually have office hours, or if this is just something they are saying on the website. If you live in New York, please stop by their offices, and leave a comment with your experiences. That would go a long way.

Wealth Recovery International Review

The story behind the Wealth Recovery International service is that the people who created this service are former binary options scammers, but now they want to help victims to get their money back. Some say, once you are a scammer, you are always a scammer, so we have to be skeptical in our approach when dealing with this company. The company was founded by Austin Smith, who has hired an attorney at law Tami Hamm, and the retired IRS criminal investigator Arthur VanDesande. I’m having a difficult time finding information on any of these people, and the only lawyer I found with the name Tami Hamm, is associated with a law firm in St. Louis. There is nothing listed on a LinkedIn page about New York or this wealth recovery service.

It’s certainly possible that these three just don’t have reputations online, but in the binary options marketplace it’s very difficult to deal with people you don’t know or trust.

Details

  • Type: Binary Options Recovery Service
  • Price: Undisclosed

I have reviewed a couple other services like this already, Win ChargeBack, and MyChargeback.com.

How The Service Works

The Wealth Recovery International website doesn’t go into much detail about how the recovery process works, or what it costs you to get started. On the website, the only way to really get this information is to request a consultation. Yet, in doing some research I found that one trader has been consulted and they were told that there is a 10% upfront free, and an additional 20% when the money is returned. So, if you are attempting to recover $10,000, then you would be paying $3000 to WRI, and getting back $7000.

It’s possible that the have different prices for different sizes of claims, but you would have to book a consultation to get this information.

Client Feedback

While the business comes across as a big lucrative company, there are elements that contradict this. Currently, Wealth Recovery International has 3 videos available on their YouTube channel, but they are hardly getting any views of all. According to one of the videos, they sponsored a NASCAR driver that lost money in binary options but even this video with a celebrity is fighting to crack 200 views.

This is prominent in the amount of feedback there is about the services well. I’ve been unable to find anyone who has used this service, and this is a common sentiment with other traders online looking for the same information.

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Conclusion

I believe that it’s important we get some real client feedback from people who have use the Wealth Recovery International service, before we get involved. I never want to be the first person testing a new product or service, because there is always a chance that is a scam. In this case, we already know that the creators of the service used to be scammers, so we have to be very careful in our approach, and make sure that we don’t get scammed at the front and the back of our investment. It would be very disappointing to pay an upfront fee to only lose more money in the end.

Thank you for reading my review, and please if you’ve use this service leave a comment and let us know how it works.

Is Wealth Recovery International a Scam? – My Review

Wealth Recovery International claims to help recover lost funds from binary options scams. However do they actually do this or is Wealth Recovery International a scam itself? This is a serious question that you need to consider before using this service. It seems there are a lot of binary options fund recovery scams out there just as there are binary options scams.

These scammers play both sides of the field sometimes. First they scam you out of your money by suckering you into these ridiculous fake high-paying binary options scams and then scam you on the other side by claiming they will help recover your money and charging you another fee. Binary options is one heck of a nasty industry and it seems that there are no legitimate opportunities out there and it.

But anyways… Is this place actually a scam or will Wealth Recovery International help you get your money back if you have been a victim to a binary option scam? In this review I’ll be giving my opinion.

Wealth Recovery International Review

Wealth Recovery International claims to be “the leading intelligence firm for binary options asset recovery”. They claim to have a network of international attorneys that help strategize the best way to recover assets that you have lost to a scam.

If you are familiar with MyChargeBack then you pretty much know how these types of services work. Basically what they do is help collect evidence and set up a case so that you can get a chargeback on your payment.

They are headquartered in New York City but also have a second office in Tel Aviv, which is where most of the binary option scams are operated out of. For some reason Israel is very saturated with the scams.

Wealth Recovery International claims to have recovered funds from places like Starling Capital, Porter Finance, etc. I am very familiar with both of these places because I review binary options scams all the time on my site here, such as SnapCash Binary and Countdown to Profits, and I know that many of them refer investors to these two brokers.

Former Scammers Turned Good

According to an article at TimesOfIsrael.com , nearly half of the staff for WRI was once involved in the binary options scam industry. They tell you that this is a good thing because they know exactly how these scams operate in exactly what to look for. However… It is definitely a bit concerning to hear that.

In the article it talks about how many Israelis come to the US, and other countries, and end up getting involved in binary options scams because they can make much better money than other job opportunities they would have. Now the staff for Wealth Recovery International has had a change of heart and is now helping people recover from these scams.

How It Works

If you want to use Wealth Recovery International’s service to help get your funds back then you will first have to file a claim. After filing a claim one of their analysts will look it over and contact you if it looks like something they want to work with.

After that you will be asked to submit all sorts of information to WRI. This will include documents such as emails, agreements, conditions, screenshots, credit card statements, etc. Anything that can help your case.

They claim to have informants working all over the world that will help perpetrate these scams and get to the bottom of things. So for example if the scam you fall victim to is operated out of Bulgaria, they will have a member of their team from Bulgaria work on it.

The end goal is to gather enough information to be able to submit a compelling case for a chargeback to your credit card company. If you provide enough Information And can prove that you have been scammed then credit card companies such as Visa and MasterCard can possibly run a chargeback where they will take the money back that you sent and send it back to you.

The Cost

From what I can find out it seems they charge an upfront 10% fee. However I can’t really find much information on this, but this is not all that strange. What I have found with other similar services is that the amount they charge usually varies with each case, since each case will differ.

However if there is a 10% “upfront” fee this is a bit concerning. I would feel much better off if they would just take a cut out of the money they help you recover rather than charging you before-hand.

What Other People Are Saying About Them

To be honest I can’t really find any real reviews on Wealth Recovery International. Don’t get me wrong… I have found many people claiming that this is an incredible place and that they have helped recover their funds… But for some reason they just don’t seem legitimate to me. The reviews seem to be fake and this is not anything strange.

For example, on Facebook there are a fair number of reviews for this service but I know that is very easy to pay for fake reviews. You can’t always trust what you see or hear and I’m getting this strange gut feeling when I read these reviews. Something just doesn’t seem right about it.

And I’m not the only one that believes many of the reviews out there for this place are fake. When doing my little investigation on the service I came across other people asking the same thing… Asking where the “real” reviews are.

Final Thoughts

So do I think that Wealth Recovery International is a service worth using to recover your funds? This is something that I am still unsure of. There is just nothing that I come across that really really proves to me that this is legitimate. If it is a scam, it’s a very well put together and professional one, that’s for sure, but many of the binary option scams are very professional and convincing.

I can’t really give you a confident answer of whether or not this place is a scam. If I were you I would definitely do some more research before going through and using the service.

Wealth Recovery International in Review – Retrieve Your Funds from Off-Shore Brokers

Oh, this is BIG! You finally have an ally to help you in your “battle” with that scummy broker that stole your money. Wealth Recovery International (WRI) is a firm that helps you get your money back from unregulated investment platforms. This review will help you understand who they are, what they can do for you and what you have to do to start the process. Keep on reading if you’ve been scammed because WRI may be the solution to your troubles.

Who Are Wealth Recovery International And How Does It Work

Wealth Recovery International’s primary goal is to help customers retrieve their money from off-shore Binary Options and Forex brokers. The company was founded in early 2020, is based in Tel Aviv and is run by Austin Smith and “Mitch” (the name is not disclosed due to the undercover nature of this person’s work). Their staff are partly former employees of companies that offer binary options and their “insider” knowledge was used so far to recover more than $4 Million for their clients, from scam brokerages. Through solid research, they were able to verify that 99% of unregulated binary options companies are primarily located in Israel or operated by Israeli nationals and this is one of the main reason why WRI only works with Israeli attorneys who have an intricate knowledge of the Israeli legal system.

After a consultation between you and them, Wealth Recovery International will start tracking down the companies and persons who have committed the fraud. As you might already know, Binary Options brokerages usually use fake addresses and their employees (account managers, sales reps, etc.) use aliases, not their real names, so the first hurdle is to do some “detective” work and find out the real addresses and names – this is WRI’s initial task. Once they have enough information they will present it to the attorney who will then decide, with WRI’s consultation, what is the best course of action. You will be assisted from evidence procurement through litigation.

Fees And Confidentiality Agreement

Once information regarding your case has been gathered, it will be passed on to the attorney and you will be contacted for an initial overview. If you are comfortable with the legal representation, then the cost of the case will be discussed. So in other words, they don’t have a fixed plan of payments because the total price is directly influenced by the complexity of your case. Also, according to their website: “Wealth Recovery International charges a fee once a lawyer has been retained and only receives payment once you are confident that you have received the best representation the country of Israel has to offer.”

So far I have only talked about general procedures and steps in the process. I cannot go into more detail because WRI clients have to sign a Confidentiality Agreement. This is meant to keep their procedures hidden from the eyes of binary options brokerages and to me, it makes perfect sense. According to Wealth Recovery International “It is paramount that we stay one step ahead of the unregulated Binary Options and Forex companies. If they were aware of our investigative techniques, they would make changes in the way that they conduct business.” If the brokerages make changes to their procedures, then it would be harder for WRI to get your money back and I bet you don’t want that, so the confidentiality agreement will guarantee your privacy as well as theirs and will keep nosy brokerages out of your business.

Why Wealth Recovery International Doesn’t Suck

What’s there not to like? People who know exactly how scam brokerages operate will use their knowledge to get your money back. You will be introduced to some of the most prolific Israeli attorneys, who are well versed in all the intricacies of financial fraud and who operate in a “boots on the ground” style. Considering that most unregulated brokerages are actually located in Israel, hiring an attorney from Israel is a huge Plus.

Why Wealth Recovery International Sucks

I cannot think of many reasons why they suck but here’s one: they don’t accept just anyone as a client. Well, that blows! They say they value time, so they only work with a small percentage of clients, who they believe to have a 95% chance of successful money recovery. At least you know that if you’re accepted as a client, your chances of getting your money back are very high.

Conclusion: Should You Use Wealth Recovery International?

Well, if they accept you as a client, I think the probability of getting the money back will greatly increase. When someone has stolen something from you, you would do almost anything to get it back but your choices are very limited if the brokerage is unregulated. You can try doing a chargeback first, but if that fails and you don’t know anything about the company that stole from you, it’s time to get professional help. I don’t have any first-hand experience with Wealth Recovery International but they are a legit company, featured in reputable publications and with a track record that speaks for itself: more than 4 Million US Dollars retrieved from scam brokerages!

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