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New Hampshire Banking Department · NH

Federal Trade Commission issues consumer alert regarding scammers claiming they will help you recover money lost in another scam

August 3, 2026

Summary

The FTC and New Hampshire Banking Department issued a consumer alert warning about refund/recovery scams that target individuals who have already lost money to prior scams. These scammers impersonate government agencies (including the FTC), consumer groups, or law firms, and demand up-front fees or financial information to supposedly recover lost funds. Mortgage entities should be aware of this alert to protect their customers from such fraud and to prevent impersonation of their own staff.

AI-generated summary · Aug 4, 2026. Verify with your compliance counsel before acting.

How this was generated

We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.

From the Federal Trade Commission:

They’re the worst of the absolute worst: scams that target people who have already lost money to a scam. If you or someone you know paid a scammer, here’s what to know to avoid scammers who pretend to be helpers.

Refund and recovery scammers buy lists of people who’ve already been scammed, hoping they can be scammed again. The scammers contact you, saying they’ll help get your money back or recover the prize or merchandise you never got. To sound trustworthy, they might say they’re with a government agency (even the FTC), a consumer advocacy group, or a law firm — but it’s all a lie. They’ll then tell you to pay a “retainer fee,” “processing fee,” or “administrative charge,” or share your financial information so they can (supposedly) deposit the refund. But if you pay, they’ll steal your money…and if you share your information, they might steal your identity.

To avoid these scams:

  • Don’t trust someone who contacts you claiming they can recover your lost money for a fee. You’ll lose more money
  • Never pay up front for a refund…or for help getting one. Neither government agencies nor legitimate organizations will ever ask for money or financial info in exchange for help getting a refund. Anyone who does is a scammer
  • Always research anyone who contacts you about a refund. Search online for their name plus words like “complaint,” “scam,” or “review.” Look up the contact info for government agencies on your own, if you want to confirm they contacted you. Don’t use any number they give you

If you’ve paid a scammer, here are some real steps to try to stop a transaction, get a transaction reversed, or get a refund. Then, r eport the scam to the FTC and your state attorney general.

Source: https://www.banking.nh.gov/news-and-media/federal-trade-commission-issues-consumer-alert-regarding-scammers-claiming-they-will

Common questions

What does "Federal Trade Commission issues consumer alert regarding scammers claiming they will help you recover money lost in another scam" cover?
The FTC and New Hampshire Banking Department issued a consumer alert warning about refund/recovery scams that target individuals who have already lost…
Which agency issued this update?
This update was issued by New Hampshire Banking Department.
When was it published?
It was published on August 3, 2026.

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