The Insolvency Service is aware that fraudsters have been contacting investors in insolvent schemes claiming to be from the Official Receiver’s office or to have been appointed by the Official Receiver to help recover funds for a fee.
These approaches are always fraudulent.
The Official Receiver can only make a return to you as a creditor in failed schemes if it is possible to identify and sell any remaining assets owned by the liquidated company you bought your investment from. All too often businesses of this nature have few if any, assets left to repay creditors and it can take several years to undertake complex asset recovery work and complete a liquidation.
What should you do if someone asks you to pay a fee to get your investment back
If you are asked to pay a fee this will always be a scam. The Official Receiver does not charge investors a fee to get money back and does not employ anyone else to do this on our behalf.
You should report to us all fraudulent contact from individuals stating they can get your lost investments back for a fee. You can also report these approaches to Action Fraud.
The Financial Conduct Authority publishes a list of known fraudulent claims management companies, you can check online if a warning has been posted about the company that approaches you. Just because the company that has contacted you is not on this list does not mean that they are not attempting to scam you.
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