Can I Recover Money Lost to Nuvilon?
If you transferred money to Nuvilon from a UK bank account, there are several potential avenues for recovering your funds. The strength of your claim depends on when you made the payment, how you paid, and whether your bank met its obligations to protect you from fraud:
- APP Fraud Reimbursement (PSR Rules): If you sent money to Nuvilon on or after 7 October 2024, you may be covered by the Payment Systems Regulator’s mandatory reimbursement rules. These require banks to reimburse victims of authorised push payment fraud in most circumstances.
- Contingent Reimbursement Model (CRM Code): For payments made before October 2024, your bank may still be liable under the voluntary CRM Code if it failed to provide adequate warnings or apply appropriate fraud checks before processing your payment.
- Financial Ombudsman Service (FOS): If your bank rejects your initial fraud complaint, Compensation Adviser can escalate your case to the FOS — an independent body that resolves disputes between consumers and financial firms. The FOS can order your bank to reimburse you.
- Chargeback and Section 75: If you paid Nuvilon by debit or credit card, you may be able to recover funds through the chargeback process or, for credit card payments over £100, under Section 75 of the Consumer Credit Act 1974.
Why Choose Compensation Adviser for Your Nuvilon Claim?
- Specialist Expertise: We have extensive experience handling claims against unauthorised forex and trading platforms and understand the specific tactics used by operations like Nuvilon.
- No Win, No Fee: Our service operates on a strict no-win, no-fee basis, meaning you only pay if we successfully recover compensation for you.
- Comprehensive Support: From initial evidence gathering to formal complaint submission and Financial Ombudsman escalation, we manage the entire recovery process on your behalf.
- UK-Based Experts: Our team provides clear, jargon-free advice and is committed to achieving the best possible outcome for victims of investment fraud.