Financial scam loss recovery – no win, no fee solicitors
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What counts as a financial scam?
A financial scam is where someone tricks you into sending them money or sharing sensitive information. This could include investment scams, romance fraud, or something else that leads to financial loss. In many cases, people are misled into transferring money themselves, often believing they’re dealing with a legitimate company, bank, or service.
How to know if you’ve been scammed
You may have been scammed if you’ve sent money after sharing login details or handing over personal information. Scammers often appear genuine and use professional-looking websites, emails, and social media profiles to build trust.
If you recognise any of the following signs, you may require scam recovery services:
- You can’t contact the person or business after making a payment.
- You were pressured to act quickly or keep the transaction private.
- You were promised high returns or unrealistic outcomes.
- The website, phone number, or email address has disappeared.
- You paid by bank transfer, cryptocurrency, or gift cards.
- You received no product, service, or response after payment.
What to do if you’ve lost money to a scam
If you’ve lost money to a scam, taking the right steps quickly can help improve your chances of getting your money back. Even if you authorised the payment, you may still be able to claim. Here’s what you should do if you think you’ve been scammed:
- Stop all contact with the scammer: Do not respond to further emails, calls, or messages.
- Gather evidence: Save emails, text messages, transaction receipts, screenshots, and any other details.
- Contact your bank or payment provider: Report the fraud and ask them to freeze or reverse the transaction.
- Report the scam to Action Fraud: This creates an official case and may help support your claim.
- Get professional help: Finding a professional scam recovery service can improve your chances of getting your money back.
What is a financial scam recovery claim?
A financial scam recovery claim helps victims of fraud reclaim money they lost. It typically involves gathering evidence, submitting a formal complaint to your bank or card provider, and escalating your case if it’s rejected. Scam recovery solicitors can manage the process for you, especially in complex or high-value claims. They focus on showing that the scam meets the legal and regulatory rules needed to support a compensation claim.
Is it worth starting a scam recovery claim?
Yes, it’s often worth starting a scam recovery claim, even if you authorised the payment or your bank has already said no. Many scam victims assume they’ve lost their money for good, but that’s not always the case. If the bank failed to spot suspicious activity or didn’t act when warned about potential fraud, you could be owed compensation.
How much could you claim back?
The amount you can claim back after a scam depends on:
- The total amount sent to the scammer
- Whether the payment was authorised or not
- How quickly the scam was reported
- Whether your bank followed the right processes
- If you’ve already had a partial refund or rejection
Even if your bank refused to help, you may still be eligible for compensation through a scam recovery service.
Why choose Spencer Churchill to recover your funds?
If you’ve been scammed, the last thing you need is more stress and false promises. We focus on helping people get back what they’ve lost, with none of the complicated jargon or legalese. Our team of scam recovery solicitors understands what you’ve been through and will work hard to get back what you’re owed – no win, no fee.
Take the stress off your shoulders today and give your case the best possible shot at success.
What are the most common types of financial scams?
The most common types of financial scams include:
Crypto scams
Crypto scams usually involve fake investment platforms or fraudulent wallet transfers. Victims of crypto scams are often promised high returns and tricked into handing over private keys. Many involve overseas operations and disappear once funds are sent.
Romance scams
Romance scams involve someone forming a fake relationship online (e.g., over social media or dating apps) before asking for money. Scammers often claim to be working abroad, in the military, or dealing with a family emergency. The manipulation is slow and targeted and can be emotionally as well as financially damaging.
Investment scams
Investment scams typically promise quick returns from trading platforms, property deals, or crypto projects. Victims may be shown fake results or pressured to invest more. These scams often use high-pressure tactics and disappear as soon as money is transferred. They operate through social media ads, cold calls, or unregulated brokers.
Impersonation scams
In impersonation scams, fraudsters pose as trusted institutions – like your bank, HMRC, or a utility company – to trick you into making a payment or sharing account details. These scams are highly sophisticated, often using spoofed phone numbers, fake emails and urgent messaging.
Forex scams
Forex scams offer high-yield currency trading opportunities through online platforms or so-called “expert” traders. Victims are told they can double or triple their investment and often see fake profits at first. Eventually, the platform blocks withdrawals or vanishes entirely.
Purchase scams
Purchase scams happen when someone pays for goods or services that never arrive or are worthless. These scams are common on social platforms and online marketplaces. Once the money is transferred, the seller becomes untraceable.
Job and work-from-home scams
These scams target people looking for work, often by advertising fake job opportunities that require an upfront fee for training, equipment, or admin costs. Others trick people into handing over personal information or bank details.
Fake recovery firms and follow-up scams
Fake recovery firms claim they can help recover your lost money for a fee. These scammers usually say they’re affiliated with law enforcement or another official body. Once you pay, they vanish, taking even more money from those already defrauded.
Authorised Push Payment (APP) fraud
APP scams are when you’re misled into transferring money to a scammer, thinking you’re paying a legitimate person or organisation. This could be during a house purchase, settling a business invoice, or reacting to a fake alert from your “bank”.
Your scam recovery questions answered
Got questions about fraud or working with scam recovery solicitors? Here are some of the most common ones we get:
Is it safe to use a scam recovery service?
Yes, it is safe to use a scam recovery service as long as it’s legitimate and FCA-regulated. Be careful of fake recovery firms that ask for upfront fees or make unrealistic guarantees. Trustworthy scam recovery solicitors like Spencer Churchill work on a no-win, no-fee basis and will provide clear communication throughout the process.
Can I get my money back if I authorised the payment?
Yes, you may still be able to get your money back even if you authorised the payment. These are called Authorised Push Payment (APP) scams. If your bank has failed to warn you or missed clear signs of fraud, you could be eligible for compensation.
How long does a claim usually take?
Most scam recovery claims take between 4 and 12 weeks, depending on the size of the case and how the bank or payment provider responds. Some cases may take longer if escalated to the Financial Ombudsman.
Is financial scamming a crime?
Yes, financial scamming is a criminal offence in the UK. It includes fraud by false representation, impersonation, or deception and can carry serious penalties under the Fraud Act 2006.
Will I need to go to court?
In most cases, no, you will not need to go to court. Claims are usually handled by professional funds recovery services who deal directly with your bank or payment provider. If needed, they can escalate the case through the proper complaints process without legal action.
Can you help me if my bank refused to refund me?
If your bank refused to refund you after being scammed, you can still challenge their decision. Banks often reject valid claims, but they can be overturned through complaints and legal escalation. Many scam victims recover their funds after an initial refusal – especially with expert help.
What types of scams can you help with?
We handle a wide range of scams, including:
- Crypto scams
- Romance scams
- Investment fraud
- Purchase scams (APP scams)
- Impersonation and phishing
- Work-from-home and job scams
Can you track down lost crypto or funds?
In many cases, yes, you can track down lost crypto or funds. While crypto is harder to trace, specialist scam recovery solicitors can investigate wallet addresses, transaction histories, and exchanges.
How much does it cost to start a claim?
It costs nothing upfront to start a claim. Our scam recovery solicitors work on a no-win, no-fee basis, which means you’ll only pay if we successfully recover your money. No hidden fees or charges – all costs are explained clearly before we start.
What if I’ve already reported it to Action Fraud?
That’s fine. Reporting the scam to Action Fraud doesn’t stop you from making a recovery claim. In fact, it can help strengthen your case!
How long do I have to make a claim?
In most cases, you have up to 6 years to raise a complaint and make a claim. The sooner you act, the better – some banks apply stricter timeframes depending on the payment type, so don’t delay.
Can I claim if the scam was from overseas?
Yes, you may still be able to claim even if the scammer was based overseas. What matters is how the payment was made and whether your bank or provider took the right steps.
Ready to start your scam recovery?
If you’ve lost money to a scam, you could still claim it back with Spencer Churchill. There’s no pressure and nothing to pay upfront – just get in touch. We’ll review your case, explain your options, and let you decide if you want to move forward.
How does our claims process work?
It’s worth finding out if you can get your money back. Here’s how our simple process works:
Our promise to scam victims
We know how overwhelming it can feel after being scammed, so we treat every case with care, urgency, and respect. You won’t be passed between departments or left chasing answers; we keep things simple, clear and focused on one thing: getting your money back.
Whether you’ve lost £500 (the minimum we will look into is a loss of £3,000 or £50,000, our process is the same. We’ll look at the details, explain your options, and guide you through what happens next.
Start your claim today – it’s free to begin
Getting started is easy. Just send us a few details about what happened. We’ll review your case within 24 hours and let you know if you’re eligible to claim. No pressure, no obligation, no upfront costs.
Office hours:
Monday: 8:00am–6:00pm
Tuesday: 8:00am–6.00pm
Wednesday: 8:00am–6:00pm
Thursday: 8.00am–6.00pm
Friday: Office Closed