Recovery of 67,000 Canadian dollars from Ponzi scheme with victims in 5 European countries
An Italian client contacted ReclaimFunds after losing 67,000 Canadian dollars in an online Ponzi scheme that promised 300% monthly returns. The case involved victims in 5 European countries.
The Situation
The client had invested in a project that promised exceptional returns through algorithmic trading. After several months of apparent gains, the system collapsed and the funds disappeared.
Our Strategy
Our team identified that it was an international Ponzi scheme. We collaborated with authorities from 5 European countries to trace the funds and pursue the scammers.
The Result
After 6 months of intensive work, we recovered the entire amount of 67,000 Canadian dollars. The case led to the arrest of several scammers and the recovery of funds for other European victims.
67,000 CAD
Funds Recovered
6 Months
Recovery Time
5 Countries
Involved