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Christopher Patel
Most of it recovered

Christopher Patel

Atlanta, Georgia, USA

Type of scamStock trading
Amount lost$55,000
Recovered$42,000
Time to recover6 months

My story

I downloaded a trading app that turned out to be a complete fake. The charts were fiction and my $55,000 was never invested in anything real.

Retraced Partners traced my deposits to the payment processors behind the app and recovered $42,000 through chargebacks. The initial 'welcome bonus' portion, which the scammers structured to be clawed back, was lost.

Getting $42,000 back from what I assumed was a total loss was a huge relief. I've been far more careful about which apps I trust with money since.

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Recovery is never guaranteed. Individual results vary based on the payment trail and applicable law.