Investqhub

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timborules said:

That’s a good shout, thank you. What to do in that scenario? Given that they have given some money back to others (validated) that seems a tough call.

You don’t give them any more. It probably won’t make any difference to getting any money back but you could tell them to deduct any ‘fees’ from what’s owed. You’ll usually then be given a list of reasons why this isn’t possible…

gelato_cat

timborules said:

That’s a good shout, thank you. What to do in that scenario? Given that they have given some money back to others (validated) that seems a tough call.

You don't give them any more money.

masonic

timborules said:

That’s a good shout, thank you. What to do in that scenario? Given that they have given some money back to others (validated) that seems a tough call.

Your relative needs to be very careful if continuing to engage with them. They have already tricked them once, and likely have a lot more experience manipulating people, so turning the tables on them could be harder than you imagine. A full refund is very unlikely indeed. Be aware that this could be another dimension of the scam, where they extract personal/security information "to process the refund" and use that to steal more money, as it is no longer being handed over voluntarily.

Eyeful

1. Show your relative these results from scam checker websites:
https://check.getsafeonline.org/check/investqhub.co
https://www.scamdoc.com/view/1793676
https://www.scam-detector.com/validator/investqhub-co-review/

2. They are very likely to now be on a "suckers list".
Tell your relative  to expect to be contacted by persons who
(a) will try to involve them with other similar schemes 
(b) will tell them they can get back all the lost money for them. For an upfront payment of course.

Hoenir

timborules said:

But - what I can’t figure out is that for some, they appear to be “making money”. The company - based in St Vincent and the Grenadines - promised a 7.6% A MONTH return. My family member says some of his friends have “made serious money” - but how? 

New incomng money from investors is partly paid out to existing investors to create the illusion. Look no further than Bernie Madoff to understand the mechanics of running ( in his case the greatest of all time)  ponzi money scheme . 

timborules

Thanks all, really helpful again. As you all foretold, they’re being strung along. Told that they can’t have money back due to ‘liquidity’ but they can look to give a little bit back to cover their loan repayments, for example. 

Comms are still all over WhatsApp, being called from different numbers over WhatsApp most times. Suggested the original “account manager” is in a ‘coma and left files unaddressed’ which is why there is a delay. The family member of my relative has seen his investment in the so-called dashboard almost disappear. 

I know so much of this is an exceedingly and painfully obvious to all of us - but as one of the posters said, those who are scammed don’t want to see it. 

gelato_cat

Are they starting to see the light, or do they still think they'll get some money back?

(Asking because if they still think they'll get some money back, they will continue to engage with the scammers, which gives the scammers more opportunity to introduce further scamming tactics from their playbook.)

timborules

My relatives I think now understand, but there are still expecting some back. Challenge is that they believe they’re dealing with normal people “they’re transferring me to another customer success manager and will get back to me in three days”. 

Relative of relatives still absolutely believes it’s real. 

gelato_cat

timborules said:

My relatives I think now understand, but there are still expecting some back. Challenge is that they believe they’re dealing with normal people “they’re transferring me to another customer success manager and will get back to me in three days”. 

Relative of relatives still absolutely believes it’s real. 

It's a very sad situation.  If they can be persuaded to forget about the refund and forget about the customer success manager, then that would be the best outcome, but it's so hard to change people's minds on this stuff.

Relative of relatives = the person who sent £150k to the scammers?

I think it's often a combo of them believing it's real / wanting to believe it's real / not wanting to lose face by admitting they have made a serious mistake.

timborules

Yes re: relative of relatives (sorry, trying to protect some anonymity - though good thing is that this thread is one of the first that comes up in google when you search for investqhub so I’m hoping it’ll be helpful for many others). 

Relative of relatives was pure stupid, ignored and overruled his banks warnings that it was fraud, as well as other trusted people who warned him. That’s all on him. But this person coerced my relative in the latest in a long and complicated history of emotional abuse to make the investment, for whom I have more sympathy.