In a recent interview, a woman from Southern California recounted her experience of being scammed online back in February 2023. After a year without communication, she received an email from a company claiming to assist victims in recovering their lost funds. However, local law enforcement expressed skepticism about the company’s legitimacy, warning that it could lead to further victimization. This company, known as PAYBACK-LTD, is reportedly part of a broader scam landscape often referred to as a “pig slaughtering scheme.”

Various online sources describe PAYBACK-LTD as a firm that promises to help victims reclaim money lost to online scams, including forex, binary options, and cryptocurrency fraud. Founded in 2017, the company asserts a high success rate in recovering funds, with a particular focus on unregulated markets and digital currency fraud.

Despite these claims, opinions on PAYBACK-LTD vary widely. While the company insists it operates legitimately and offers recovery services, many customer reviews raise concerns about its transparency. Critics have pointed out issues such as vague operational practices, upfront fees required from those seeking help, and unnecessarily protracted recovery processes. Additionally, PAYBACK-LTD has not received approval from major financial regulatory authorities, which further calls its credibility into question. As such, individuals contemplating the services of PAYBACK-LTD are advised to thoroughly assess the risks involved and explore alternative options for recovering their lost funds.