Is the money lost to a scammer, recoverable?

❓ “𝐈𝐬 𝐭𝐡𝐞 𝐦𝐨𝐧𝐞𝐲 𝐥𝐨𝐬𝐭 𝐭𝐨 𝐚 𝐬𝐜𝐚𝐦𝐦𝐞𝐫, 𝐫𝐞𝐜𝐨𝐯𝐞𝐫𝐚𝐛𝐥𝐞?”, this is a question I have been asked over and over again. While the number of people who loose their money to scammers either by telegram scams or by crypto-scams, the amount is recoverable, but with due procedure of law.

📢 I have to address both sects: 1) those who have lost money; 2) those who have their accounts frozen. Since, both the cases are 𝐕𝐈𝐂𝐓𝐈𝐌𝐒 rather than perpetrators. Those who loose their money are lured into receiving money or perform p2p / crypto transaction and they end-up becoming perpetrators / scammers themselves, while in reality, they are victims themselves.

👉 For all those who’s account has been frozen, let me state this very clearly. If your intent is to bypass the system and enter into a deal with the local police station and pay-off the lien-amount, then that’s your call, and your risk. Which I would highly 𝐧𝐨𝐭 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝, as because it is both illegal, at the same no guarantee that your amount / account will be released. The only legal method of recovering the account or de-freezing the account is by means of a 𝐂𝐨𝐮𝐫𝐭 𝐎𝐫𝐝𝐞𝐫. Neither MHA nor LEA or local police have the authority to de-freeze the account.

👉 For those who have lost their amount to scammers, this is an order that I got for my client recently regarding a return of money from a scammer’s account that was frozen by filing a FIR / Private Complaint. In this case, the account was frozen by the police in due time, and with swift action of filing the petition and getting the order, the client is now relieved that he/she is going to get their hard-earned money lost to a telegram job scam.

📱 I am reachable on whatsapp (+919442290294) and Sathya@vsmlegal.in for any legal assistances.