This is Charles Demes. My services are not at all related to debt collection; nor is this a scam. By law, a debt collection agency must disclose up-front that they are attempting to collect a debt. Our company is NOT a debt collection agency. There are two other companies (Capital Recovery Corporation and Capital Recovery Collection Solutions) that are debt collection agencies, but we are not affiliated with these companies. We are a legitimate asset recovery company and have received an “A” rating (the highest awarded) from the Chicago Better Business Bureau (http://www.bbb.org/chicago/business-reviews/f ... ago-il-86001836).
With respect to scams, scams are based on money up-front. My proposal is based on a contingency which means our fee is extracted from the recovered funds. We are only paid if we are successful in recovering the funds for the beneficiary.
My company locates unclaimed assets, e.g., inheritances. These are moneys that were never recovered by an individual because they either did not know the money existed or because they passed away (and I am therefore trying to contact next of kin). If you doubt my claims, you can get references from some of the thousands of clients for whom I have helped recover money over the 20 years I have been in the business. My company is also a member of the Chicago Better Business Bureau--a watchdog organization that screens companies for exactly the types of scams you are worried about.
If I, or anyone from my company, have ever contacted you it is because we have found a legitimate asset that you (or your family) have legal claim to. We charge a fee that covers finding the asset, finding the individuals who can legally claim the asset (which can take months of work), and legally processing the claim in this highly specialized field to win these cases so the money goes to our clients and not the many creditors that can also lay claim to these funds. Each case can take months or years of work, but in the end, you and your family get a check for the agreed upon amount. If we cannot secure the money for whatever reason, we don't get paid. In other words, if you don't get paid, we don't get paid. Please contact us if you have any further questions about our services, or visit our website www.capitalrecoveryllc.com
Thank you.
I got a letter from Charles Demes in the mail stating an attempt to contact someone I have never heard of. I called my mom, and she never heard of him either. The letter stated, "If you are related to this person in any way, or if you know how to get in contact with this person, please contact our office as soon as possible." Even though he claims to work in recovering unclaimed assets, my guess was its a front to get collections. I decided to google his name and found this page. I'm very skeptical in this day and age. Since I do not know this person, and even if it was a name that I did, I will not be contacting him.
Just Google "Unclaimed money" and do a search of your own.
After I received a letter from Charles Demes at Capital Recovery looking for my deceased brother, I did and found what he must have been referring to. Mr. Demes makes a living searching for unclaimed money, then contacting the person, (or more often it seems, the heir), files the paperwork for you and charges an high percentage rate of the recovered money to do it. His business is perfectly legal but why should you pay him when you can easily do it yourself and keep all the money?
On the aside: I emailed Mr Demes, explained I had no information to offer and asked him not to contact me again.