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In August 2022, we warned against the self-proclaimed fund recovery specialist FundsPayBack, which allegedly has offices in the U.S. and U.K. They claim that they have been in business for 25 years and recovered nearly $41 million for 5,000 victims. The fact is that this scheme has only been active since January 2022 and works with fake reviews on Trustpilot. We have seen some of their documents and believe it’s a scam.
Key Data
| Trading name | FundsPayBack |
| Domain | https://fundspayback.com |
| Legal entities | Fundspayback Inc. (US) – fake |
| Jurisdictions | Funds Recovery Professional Inc. (US) – fake FundsPayBack Ltd (UK) |
| Related individuals | Stephanie Fournier Matt Zhang Sam Goldstein (fake) Gary Schultz (fake) |
| Contact data | +1-585-296-0225 [email protected] |
Short Narrative
Fundspayback labels itself as a service, an international network of highly skilled “cyber financial forensic investigators and experienced legal practitioners dedicated to assisting individuals and corporations worldwide who have lost investments to fraud and need to recover their funds.” This would include victims of Pig Butchering.
The analyses they send to potential customers are full of platitudes. They want to make their transactions “off the books,” so they are not traceable. Accordingly, they wish to receive high initial payments in cryptos.
Fees are to be paid strictly in cryptocurrency to also eliminate the trace of exchange of funds for the process.
FundsPayBack
Various legal entities and individuals have been named as operators and contacts on the website, press releases, and review pages. Most of them are likely to be fake. We found FundsPayBack Ltd in the UK, founded in April 2022 by the American Stephanie Fournier. No social media links or details of the acting persons are given.
This lady has also been appointed as a director in other fund recovery ventures since March 2022. These include AR Recovery Consultancy Limited, CN Recovery Consultancy Ltd, AM Investigative Consultancy Limited, and Escrow-Chain Ltd, all of which have registered offices at the same address in London: 128 City Road, London, United Kingdom, EC1V 2NX.
Share Information
If you have any information about FundsPayBack, its operators, or its activities, please let us know via our whistleblower system, Whistle42.
