1
A victim of a scam is approached again by the same scammer under a different guise or approached by other scammers who obtained the victim's details from the original scammers.
2
The scammers would impersonate the police, a professional (lawyer or investigator) or an asset recovery company.
3
Scammers would cold-call the victim and promise to assist in the recovery of the stolen assets, subject to the payment of one or more fees.
4
A victim may also inadvertently approach a fake recovery agent, for example, after searching the internet or pursuing an advert on social media.
5
The sophistication of such scams varies, with some scammers even creating professional-looking but fake websites that purport to provide asset recovery services.
6
Instead of recovering the stolen assets, the victim is duped again into paying additional fees in the hope of recovering the lost funds, only to lose even more money in the process.
