How We Helped a Business Recover £220,000 After a Fintech Investment Scam
Earlier this year, we were approached by a mid-sized UK business that had lost £220,000 to a sophisticated fintech investment scam. The fraudsters had created a convincing online platform promising high-yield returns from digital assets. Our client transferred funds over several weeks before realising the scheme was fraudulent. Understandably, the business owner was distressed, unsure if the money could ever be recovered, and worried about reputational damage.
Within months of taking on the case, our team secured an asset freeze order, pursued the perpetrators through both civil and regulatory channels, and successfully recovered the full £220,000 for our client.
Here’s how we handled the matter step by step.
1. Initial Consultation and Strategy
When the client contacted us, they feared the money was gone for good. We immediately:
• Reviewed transaction records and communication trails
• Identified the corporate structure and accounts used by the fraudsters
• Assessed the potential for both civil recovery and regulatory complaints
• Outlined a rapid response plan to preserve evidence and block further losses
Once we confirmed this was a fraudulent operation, we moved quickly to protect our client’s position.
2. Freezing Assets & Preserving Evidence
Time is critical in scam and fraud cases. Within days, we:
• Applied for a Freezing Injunction (Mareva Order) against the fraudsters’ known accounts
• Coordinated with banks and payment providers to halt outgoing transfers
• Collected digital forensics evidence from the fraudulent platform
• Engaged with regulators (FCA and Action Fraud) to strengthen the case
This swift action prevented the fraudsters from moving or dissipating the stolen funds.
3. Negotiation & Legal Pressure
With assets frozen, we opened negotiations through legal representatives of the fraudsters. Initially, they denied liability and offered a partial repayment. We pressed forward with:
• Civil proceedings to compel disclosure of hidden accounts
• Threat of reporting to cross-border enforcement agencies
• Pressure through financial regulators to block future operations
Our strong position left the fraudsters little choice but to settle.
4. Recovery & Resolution
After weeks of sustained pressure, the fraudsters agreed to return the full £220,000. The settlement was secured without the need for a lengthy trial saving our client significant time and costs.
The client later told us:
“I had lost hope of ever seeing the money again. Verradin LLP not only recovered every penny but gave me peace of mind throughout the process.”
5. Our Reflections
Financial fraud and fintech scams are increasingly sophisticated, but recovery is possible with swift, strategic legal action. What sets Verradin LLP apart is not only our expertise in Corporate Finance law but also our relentless focus on protecting clients against fraud, scams, and misconduct.
If you’ve been the victim of a financial scam or corporate fraud, contact us for a confidential consultation. We’ll assess your case, protect your assets, and fight to get your money back.
⚖️ Important Notice
• Past results do not guarantee future outcomes. Each case is unique and assessed on its individual facts, evidence, and circumstances.
• Client confidentiality is always protected. Some details in this case study have been adjusted to safeguard identities.
• This article is provided for general information only and does not constitute formal legal advice. For tailored advice, please contact Verradin LLP directly.
Within months of taking on the case, our team secured an asset freeze order, pursued the perpetrators through both civil and regulatory channels, and successfully recovered the full £220,000 for our client.
Here’s how we handled the matter step by step.
1. Initial Consultation and Strategy
When the client contacted us, they feared the money was gone for good. We immediately:
• Reviewed transaction records and communication trails
• Identified the corporate structure and accounts used by the fraudsters
• Assessed the potential for both civil recovery and regulatory complaints
• Outlined a rapid response plan to preserve evidence and block further losses
Once we confirmed this was a fraudulent operation, we moved quickly to protect our client’s position.
2. Freezing Assets & Preserving Evidence
Time is critical in scam and fraud cases. Within days, we:
• Applied for a Freezing Injunction (Mareva Order) against the fraudsters’ known accounts
• Coordinated with banks and payment providers to halt outgoing transfers
• Collected digital forensics evidence from the fraudulent platform
• Engaged with regulators (FCA and Action Fraud) to strengthen the case
This swift action prevented the fraudsters from moving or dissipating the stolen funds.
3. Negotiation & Legal Pressure
With assets frozen, we opened negotiations through legal representatives of the fraudsters. Initially, they denied liability and offered a partial repayment. We pressed forward with:
• Civil proceedings to compel disclosure of hidden accounts
• Threat of reporting to cross-border enforcement agencies
• Pressure through financial regulators to block future operations
Our strong position left the fraudsters little choice but to settle.
4. Recovery & Resolution
After weeks of sustained pressure, the fraudsters agreed to return the full £220,000. The settlement was secured without the need for a lengthy trial saving our client significant time and costs.
The client later told us:
“I had lost hope of ever seeing the money again. Verradin LLP not only recovered every penny but gave me peace of mind throughout the process.”
5. Our Reflections
Financial fraud and fintech scams are increasingly sophisticated, but recovery is possible with swift, strategic legal action. What sets Verradin LLP apart is not only our expertise in Corporate Finance law but also our relentless focus on protecting clients against fraud, scams, and misconduct.
If you’ve been the victim of a financial scam or corporate fraud, contact us for a confidential consultation. We’ll assess your case, protect your assets, and fight to get your money back.
⚖️ Important Notice
• Past results do not guarantee future outcomes. Each case is unique and assessed on its individual facts, evidence, and circumstances.
• Client confidentiality is always protected. Some details in this case study have been adjusted to safeguard identities.
• This article is provided for general information only and does not constitute formal legal advice. For tailored advice, please contact Verradin LLP directly.