A recovery process in bank failures or fraudulent investment schemes can take a while. Often, money and other assets are (partly) embezzled. Often compensation for those being duped is derived from multiple sources. The strategies we follow aim to provide maximum recovery and compensation. To limit potential losses we include the following components:
- Insurance guarantees; including deposit protection schemes or investment insurance, and/or,
- Out of court settlement and ADR, and/or,
- Receivership or liquidation (including bail-in), and/or,
- Government rewards and compensation, and/or,
- Liability claims.
Fund recovery can be a lengthy process. Illicit money flows often involve global company structures in tax havens which are difficult to unravel. Mandatory deposit – and insurance guarantee schemes provide customers an initial payout. Often, available funds and other forms of short-term liquidity are not sufficient to cover losses from depositors or investors, making the deposit and insurance guarantees a necessity to limit losses and asset depreciation. When traditional repayment does not cover the full customer deposit or investment, we include several procedures to maximize recovery.
Legal Floris LLC groups several customers in their cases. This structure aims to limit upfront payments and originates from class-action claims. By working in such a way, duped depositors and investors are served in an efficient and effective way. If you are duped by a bank failure or lost your investment by fraud or embezzlement, please feel free to contact us via e-mail or the web form here.