Samuel, a Canadian professional, applied for a personal loan online. He paid a $600 processing fee to a fraudulent lender promising instant approval. After noticing no loan was issued and communication ceased, Samuel searched online and found Cyanosoft.com.
Step 1: Evidence Collection
Cyanosoft gathered:
Payment proof
Email correspondence
Website screenshots showing fraudulent claims
They verified the lender had no real registration or financial license.
Step 2: Bank and Payment Processor Coordination
Cyanosoft submitted the evidence and filed a formal chargeback request. They acted as a mediator, ensuring the bank understood the fraudulent nature of the loan provider.
Step 3: Fund Recovery
Within two weeks, the bank returned the full $600 to Samuel. Cyanosoft also helped him set up measures to prevent falling for similar scams.
Step 4: Education
Samuel learned to:
Verify lenders through regulatory databases
Avoid paying upfront processing fees
Check for red flags such as untraceable addresses
Conclusion
Even small-value frauds can be recovered efficiently with professional intervention. Cyanosoft.com ensures victims not only reclaim funds but also gain knowledge to avoid future scams.
