Can chargeback services be trusted? Or is this just another scam preying on victims who have already lost money? Here is a review of WDB Consulting LTD, which offers to recover lost funds in binary options, forex, stock trading, and cryptocurrency scams.
Brief Overview
- 🖥Official Website: wdbconsultingltd.com
- ✈️Contact Address: 86-90 Paul Street, London, England, United Kingdom, EC2A 4NE
- 📞Customer Support: +442039108799, [email protected]
- 🔐Licensing and Accreditation: no
- ⏳Track Record: Since 2023
- 🧰Specialization: chargeback
- 🤝Terms of Cooperation: unknown
- 💰Additional Services: free consultation
Wdbconsultingltd.com Examination
The company has a basic website that explains what the firm does, its results, and the types of fraud it deals with. Visitors are immediately prompted to fill out a special form to contact consultants, and this form is placed in several locations, which looks quite suspicious.
The website has some errors. For example, in the “FAQ” section, not all answers to questions are displayed. This could be a bug, or the creators might have forgotten to add the answer to the question “Where is WDB Consulting LTD based?”
Another drawback is the absence of any legal documents. For example, there is no user agreement, data privacy policy, or other important documents.
The quality of the official website is very low, so WDB Consulting LTD cannot be considered professional or serious. Poor design elements, typos, errors, and the lack of important information, including documents, are just some of the main issues noticed at first glance.
Company Contacts
In addition to the form for providing all the information about their case, users can call a phone number or write to an email address. There is also the option to contact an online chat to get a quicker response from managers, but for this, you need to share your email address and phone number. Why can’t you just provide your name to communicate with an employee? It is likely done so that WDB Consulting LTD can obtain your contact details and then call you themselves.
The online chat responds very slowly, and you might not get a response at all. If there is such a problem here, is there any point in writing an email?
The organization also provides a legal address in London. However, this will be checked later.
Key Conditions
WDB Consulting LTD does not disclose the terms of cooperation for future clients. It can be inferred that the firm charges an upfront fee, but it is not stated how much, whether it is a percentage or a fixed amount. This inference comes from the FAQ section, where a question explains why the organization cannot charge for its services at the end, citing the need to cover expenses for lawyers and other costs.
If the company hides fees and other conditions, it is a serious red flag. Such firms should be as transparent as possible with users so they can understand whether they should seek services here or look for another option.
All prospective clients are offered by WDB Consulting LTD a free consultation, during which they will obviously be pressured into signing a contract and transferring funds. Therefore, you should not rush to pay, as it is unlikely you will be able to get your money back.
Exposing WDB Consulting LTD
First of all, it would be helpful to know when the company started operating, as it claims to have more than 10,000 clients and a total amount of recovered funds exceeding 110 million dollars. The exact date is unknown, but the website mentions the year 2022. It is necessary to refer to the official register of legal entities where the company is registered, which is the United Kingdom.
In the Companies House register, with registration number 14124801, there is indeed a WDB Consulting LTD. It was registered in 2022, but the type of activity is “66300 – Fund management activities”. At the same time, the organization writes about itself: “doesn’t offer any investments, financial services, or advice”. Most likely, this is a different company with the same name, and the scammers have simply appropriated someone else’s brand. Unfortunately, it was not possible to find the website of the real fund management firm.
However, there is another aspect that confirms this and also shows that WDB Consulting LTD has been operating for a very short time. This is the date of their domain registration. It was registered in September 2023. How could the company operate without an official website? It seems that when the website appeared, the firm started looking for new victims to scam through chargeback. Interestingly, the first comments on the internet also began to be published only in September 2023.
Another drawback is the absence of any partnerships. The company simply does not belong to any associations and does not work with payment systems like Visa or Mastercard, or financial regulators such as OFAC. Moreover, the company promises to recover lost funds in crypto scams, which is mostly impossible. If a victim sent Bitcoin to a scammer, how would this organization recover the funds? Blockchain does not support transaction cancellations or refunds. If a transaction has been made, only the recipient, i.e., the scammer, can return it.
And the final point that also deserves attention. WDB Consulting LTD does not have a special permit to collect clients’ personal data. Even a simple data storage policy is missing on the website. Meanwhile, users share very sensitive information, such as bank card numbers or contact details.
What Reviews Do Users Leave?
The number of reviews on the internet can be counted on one hand. This doesn’t look like a company with 10,000 clients. If it were true, the number of comments would be dozens or hundreds of times greater. Furthermore, it is evident that positive reviews dominate and are blatantly fake. Such comments cannot be trusted as they are paid for, aiming to advertise the company’s activities favorably and encourage people to seek their help.
Conclusions
It is now clear that WDB Consulting LTD is another chargeback scam. The company uses someone else’s registration data, meaning it is not actually registered anywhere. It lacks legal documents, and the terms of cooperation are not disclosed. It promises to recover money from cryptocurrency fraud, which in 99% of cases is impossible. It has a recently registered domain, and the number of reviews on the internet is so small that the claim of 10,000 clients looks absurd. The actual period of operation is less than a year, and the website lists fake statistics. Finally, the company pays for positive reviews.
Pros/Cons
- None.
- Terms of cooperation are not disclosed at all.
- Illegal activities.
- Fake positive reviews.
- Operating for less than a year.
- Fabricated data on the website and a fake office address.
Yeah, even in direct communication, they offer a pig in a poke. They say they’ll definitely return the money but won’t explain how.