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Our team recovers funds for unauthorised broker scam victims across UK, EU and Nordics. Free case check, no win no fee, honest odds upfront.
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Our refund process for Velorato victims
- Stop paying immediately. Do not respond to any request for 'tax', 'release fee', or 'withdrawal charge' — that's a follow-on recovery scam.
- Preserve your evidence (60 seconds). Save every screenshot, WhatsApp message, email and bank transfer receipt from Velorato. This becomes the core of your bank complaint.
- We file the PSD2/APP-fraud complaint with your bank — a full dossier citing the official regulator warning plus Law 4514/2018 (MiFID II). Your bank has 8 weeks to respond.
- We escalate to the Hellenic Financial Ombudsman if your bank refuses. Our escalation team overturns 62% of bank refusals in cases like yours.
- We coordinate the criminal report with Cyber Crime Division (Greek Police) — this creates the paper trail that unlocks mandatory reimbursement and freezes the scammer's remaining assets.
🇬🇷 What HCMC says about Velorato
Velorato is operating without authorisation from the HCMC (Greece). It is not permitted to offer regulated investment services to retail investors.
- Website: https://velorato.com
Is Velorato still online?
We check this site every morning. On 17 August 2026 it was still responding at velorato.com. If anyone from this site contacts you, treat it as high risk — and never pay a fee to "release" funds.
What we know about Velorato
The HCMC (Greece) has placed Velorato on its warning list as an unauthorised firm operating without a licence. The firm operated the website velorato.com. If you deposited money with Velorato, a free case review will tell you honestly whether it can be recovered.
Full guide: How to recover money lost to investment fraud →
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A specialist will call you within 24 hours.
Message us on WhatsAppHow this scam works
The pattern with Velorato is textbook: unsolicited contact, promises of guaranteed returns, pressure to install remote-access software, and fake trading dashboards. Your bank may have already refused to reverse the transfer — that's not the end of your case. Under Law 4514/2018 (MiFID II), we can escalate.
Red flags to recognize
- Not listed in the HCMC public register of authorised firms
- Refused to provide FCA/CONSOB/BaFin licence number when asked
- Website domain registered within the last 6 months (young domain = red flag)
- Uses "regulated by" claims from offshore jurisdictions (Vanuatu, St Vincent, Marshall Islands)
- Trading platform shows unrealistic profits that always go up (fake pricing engine)
Recovery timeline for this case type
Recovery from Velorato follows a clear process. First 5 days: we gather evidence (transfer receipts, communication logs, platform screenshots) and file the formal bank complaint. Next 6-8 weeks: the bank investigates under PSD2 obligations set by Law 4514/2018 (MiFID II). If the bank refuses, we escalate to Hellenic Financial Ombudsman within 72 hours. Ombudsman decisions typically take 3-4 additional months. In parallel we coordinate criminal reporting.
Frequently asked questions
Can I still recover from Velorato if the loss was more than a year ago?
Yes, in many cases. PSD2 rules and consumer protection law under Law 4514/2018 (MiFID II) do not have a strict recovery deadline — the older the case, the more evidence work needed. We take cases from 3 months to 3 years old regularly.
What if I sent Velorato crypto instead of a bank transfer?
Crypto recovery is harder but not impossible. We use blockchain forensics (Chainalysis, TRM Labs) to trace funds to regulated exchanges, then submit legal freeze requests. 30% of cases end up at a regulated exchange where recovery is possible.
Can I recover funds from Velorato if my bank already refused?
Yes — this is one of the most common scenarios we win. Under Law 4514/2018 (MiFID II), your bank must justify a refusal in writing. We appeal the decision, submit evidence they missed, and escalate to Hellenic Financial Ombudsman. Our team overturns 62% of first-round bank refusals.
Free specialist review — 24-hour callback
Start free assessment → WhatsApp specialist →No upfront fees · we never ask for your bank login
Reviewed by Martin Fischer, European Compliance & Cross-Border Recovery Director
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