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msellout | 9 years ago

Did you recover any money? How difficult was the process?

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sdneirf|9 years ago

Super difficult. We recovered 40% from banks who were willing to look at our evidence. Turns out there was no international banking law that deals with stuff like this. Banks basically make their own decision whether who's right/wrong. The banks in Dubai and Far East basically told us to pound sand. We ended up threatening to sue our regional bank. They covered 20%. So we ended up losing 40%. The funny thing was FBI was involved. You'd think these guys are hot to trot. The guy we spoke to basically sounded like a local policeman whom you just told you lost your bike. "Oh yeah, we are tracking down leads". Net net, don't hire dumb people who can easily get phished. Once the money is gone, it almost always never come back. We counted ourselves lucky that we only lost 40% instead of 100% which is common from what we learned.

sdneirf|9 years ago

I should probably write a longer post on this and just throw it up. Sounds like people might be interested in learning about the experience.