A recovery scam is a scam in which someone pretends to be able to recover something of value, such as cryptocurrency.
A given recovery scammer may or may not be part of a group that executed the initial scam upon a given victim.
Despite my having taken the time to create this web page, at the conclusion of 2025, large amounts of money will still be lost to recovery scams because:
a victim did not read this web page, or
a victim did read this web page, but in his or her desperation, he or she decided that paying a recovery scammer was a gamble worth taking.
Giving money to a recovery scammer is NOT gambling. It is just giving money away.
Common Elements of Recovery Scams
This web page will address the following common elements of recovery scams:
Sunk Cost Fallacy
No upfront fee?!
What about a lawyer?
Judgment Proof
Sunk Cost Fallacy
If you have ever taken a course in economics or business, your instructor has likely introduced the Sunk Cost Fallacy.
Recovery scammers prey upon the desperation of people who have already been scammed.
No upfront fee?!
A given recovery scammer may say that he or she does not charge any upfront or even out-of-pocket fees.
Regardless of what words a recovery scammer uses to pitch his or her scam, he or she absolutely intends for you to give them something of value.
Repeat!
Regardless of what a recovery scammer pitches his or her scam, he or she absolutely intends for you to give them something of value.
Even some guy that uses terms such as the terms below?
Legit
God-fearing
Especially anyone that uses any of those terms!!!
What about a lawyer?
Someone representing himself as a lawyer online might either:
not be a lawyer
or
be a lawyer, but simply be trying to accumulate billable hours with no prospect of recovering what you have lost.
Unless actual law enforcement is involved, you should be EXTREMELY suspect of any cryptocurrency be recovered.
Judgment Proof
Many people will choose to pay a recovery scammer under the same delusion that caused them to fall victim to the initial scam.
They will rationalize that if the recovery scammer does not make good on his promises, the victim can take him to court.
Even if law enforcement is involved, there is a very strong chance that an online scammer will be outside of the jurisdiction of your country's court system.