Refunding funds from a financial pyramid using a chargeback
13 October
Financial pyramids continue to harm thousands of people, promising fabulous profits and rapid growth of investments. In practice, such schemes lead to significant losses of savings. However, even if you have become a victim of a pyramid, there are ways to get your money back. One of them is a chargeback.
Our legal agency Wise Way Legal has been successfully recovering funds from financial pyramids and fraudulent schemes for over 12 years. The company’s lawyers helped return tens of millions of rubles to our clients who suffered from fraudulent schemes. We understand how important it is to restore justice and help people get back their lost money.
What is a chargeback?Что такое чарджбэк?
A chargeback is a process of reversing a payment that is carried out through your card issuing bank. This procedure allows you to dispute transactions made under fraudulent schemes. If money was transferred to a pyramid account using a bank card, you can use this tool to return your funds.
How does the return process work?
- Gathering evidence. The first step is to gather all possible evidence that you were misled by the organizers of the financial pyramid. This may include contracts, correspondence, bank statements and other documents confirming the transfer of funds.
- Contacting the bank. After preparing the documents, our lawyers will help you contact the bank with a request for a chargeback. It is important to act quickly, as banks usually accept applications to challenge transactions within 120 days from the date of transfer.
- Legal proceedings. In some cases, it may be necessary to file a lawsuit against the organizers of the pyramid. We accompany our clients at all stages of legal proceedings, which increases the chances of getting your funds back.
What difficulties may arise?
One of the main challenges is that pyramid schemes often use complex money transfer schemes, including anonymous wallets, cryptocurrencies, and front men. This makes it difficult to track funds and prove fraud. However, experienced lawyers at Wise Way Legal know how to bypass these obstacles and achieve positive results for our clients.
Why should you contact us?
Our many years of experience and knowledge allow us to work effectively even in the most difficult cases. We will help you collect all the necessary evidence, draw up claims and lawsuits, and represent your interests in court. Unlike many companies, we do not take prepayment for our services – our lawyers receive remuneration only in case of success.
If you have become a victim of a financial pyramid and do not know where to start to return your funds, contact Wise Way Legal. We will offer you competent solutions and help you get your money back. Thus, even if the situation seems hopeless, there is always an opportunity to return at least part of your funds with the help of a chargeback and legal support from professionals.