If you’ve recently been a victim of a scam you may want to watch out for the “recovery pitch”. According to the Canadian Anti-Fraud Centre, scam victims may be at risk of being targeted again by the same scammer with the hopes of obtaining additional funds.
How does it work?
According to the Canadian Anti-Fraud Centre, the recovery pitch involves scammers trying to convince you that there is an opportunity to recover the money you lost in the previous scam.
The scammers may appear to be a member of law enforcement, investigating agencies, bank employees, or lawyers with the goal of establishing trust and credibility.
Initial scam: You got stuck in a romance scam where the scammer (over time) convinced you to send them money for various reasons. You realize you’ve been scammed and now the scammer is unreachable and you’re stuck trying to recoup your funds.
Second scam (the recovery pitch): Someone approaches you claiming to be a lawyer. They say they can help you get your money back for the price of legal fees. You pay them in advance to assist you in getting your money back. Turns out they weren’t a lawyer at all, and now you’ve lost additional funds.
The recovery pitch can take form using any scam, for example:
Scammers target the same people again on the premise of heightened vulnerability after the initial scam took place.
Once bitten, twice shy: how to protect yourself from the recovery pitch
- Confirm who you’re dealing with: If you’ve been a victim of a scam, be wary of people who (out of nowhere) appear to offer a solution to your problem. Make sure you independently verify their identity and confirm they are who they say they are. This means researching the business or organization and cross checking all information.
- Never pay an advance fee to obtain a refund: This puts you in a vulnerable position and it should be avoided at all costs.
- Record all information: Take notes and keep record of all communication.
- Trust your gut: If you’re getting a gut feeling that something is amiss, trust it and take a step back to evaluate the situation.
If you’ve been a victim of a scam or fraud, follow these steps from the Canadian Anti-Fraud Centre.
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About Consumer Protection BC
We are responsible for regulating specific industries and certain consumer transactions in British Columbia. If your concern is captured under the laws we enforce, we will use the tools at our disposal to assist you. If we can’t help you directly, we will be happy to provide you with as much information as possible. Depending on your concern, another organization may be the ones to speak to; other times, court or legal assistance may be the best option. Explore our website at www.consumerprotectionbc.ca.