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Restoring Accountability. Reclaiming Assets. Rebuilding Economies.

Sun, 03 May 2026 06:06:45 GMT

Abourt Asset Recovery Network (UK) Limited (ARNUK)

Asset Recovery Network (UK) Limited (ARNUK) is a specialist consultancy operating at the intersection of finance, law, and international recovery.

We support organisations—primarily overseas financial institutions, commercial entities, and asset holders—in tracing, recovering, and repatriating assets lost through breach of contract, loan default, or illicit activity.

Our role is simple but critical:
we coordinate the recovery process end-to-end, acting in the best interests of our clients.

Important Public Notice: Clone Firm Warning

ARNUK does not provide services to members of the public .

If you have been approached by individuals claiming to represent ARNUK and offering asset recovery services directly to you, this is a clone firm scam .

You should report this immediately to:

Your local police authority
The Financial Conduct Authority

Protecting individuals from financial exploitation is a priority aligned with our wider mission.

What We Do

We act as a central coordinating body in complex asset recovery cases, engaging:

International lawyers
Asset tracing specialists
Forensic investigators
Recovery agents operating on a no success, no fee basis

From initial investigation through to recovery, we manage:

Asset tracing
Freezing and legal action
Confiscation or forfeiture
Repatriation of funds

Our clients benefit from a structured, professional, and outcome-focused approach—without the need to manage multiple providers.

Who We Work With

Our focus is on institutional and cross-border recovery , including:

Banks and financial institutions
Asset management entities
Corporates with international exposure
Government-linked organisations

With particular experience in regions including:
Sub-Saharan Africa, the Middle East, and South Asia.

Why This Matters

The scale of the problem is systemic:

Billions in assets are lost annually through contract breaches and illicit flows
Global recovery rates remain extremely low
The UK continues to act as a key transit and holding jurisdiction

This is not just a financial issue—it is a development issue .

ARNUK aligns with the objectives of the United Nations Sustainable Development framework, particularly:

Goal 16.4 – Reducing illicit financial flows and strengthening asset recovery

Our Mission

To redress the imbalance between assets lost and assets recovered by delivering a highly effective private-sector solution to a global public problem.

Our Vision

By 2030:

Asset recovery rates are significantly improved
Capital flight is reduced
Recovered assets are reinvested into originating economies
Trust and accountability within financial systems are strengthened

Our Approach

Client-first coordination – we act on your behalf
Outcome-aligned incentives – no recovery, no fee
Global specialist network – proven recovery professionals
Phased engagement – flexible, risk-managed instructions
Integrity-led execution – aligned with transparency and accountability

The Bigger Picture

ARNUK exists within a broader movement:

Encouraging transparency in financial systems
Supporting accountability across jurisdictions
Strengthening economic resilience in developing markets

This is about more than recovery.
It is about restoring trust in how capital flows—and who it ultimately serves.

Bogus ARNUK in Recovery Room Scam

Wed, 10 Jul 2019 09:06:06 GMT

Scammers cloned our identity to rob victims from an earlier scam

T he identity of Asset Recovery Network UK was recently cloned and used in a "recovery room scam".

A group of people claiming to be ARNUK came in after a major scam had been exposed and they pretended to be able to recover some or all of a person’s investment. The truth is that this was part of a follow-up scam and its sole aim was to trick investors into paying more money.

Recovery room scams tend to focus on persuading investors that their worthless investment had suddenly become a desirable asset and they have found a serious buyer who wants to buy the investment. There is never a buyer for the investment.

The investor is sold a story about this mysterious buyer wanting to pay top dollar for the investment but there is just one problem. Before he can complete on the purchase, he needs the investor to pay either the sales commission or the due diligence fees or the tax bill or the admin bill or the legal bill or the platform listing bill or anything else they can think up.

Quite often the investor is asked for a small sum at first, which he/she is happy to pay. Then they are asked to pay another sum and then another sum and then another sum and so on. Once the investor pays the first sum they are on the hook and keep paying because they don’t want to lose what they’ve paid. The reality is that they lost it the moment they paid over the money. Each time the payment keeps increasing with larger and larger sums being asked for.

With a scam similar to the bogus ARNUK scam, one victim invested £30,000 in a scam investment. He was approached by a recovery room scam in which the company told him they had a buyer. He would only have to pay £700. He paid them. By the time he made contact with us he had paid over £28,000 to the recovery room scam. They were now asking for £14,000 for the next instalment stating that if he didn’t pay, he would lose the money he had already paid. Fortunately, the investigator stopped him making that £14,000 payment but the investigator was too late to stop the £28,000.

Other recovery room scammers known to us include:

Cordell Groves
Phipps Clarke Grainger
PV-Merge
Barola Asset Management, and
NLC Partners.

The bogus Asset Recovery Network UK had an unusual twist on the recovery room scam model. They pretended to be Insolvency Practitioners i.e. the liquidators of the scam investment company.

The original scam company pretended to have placed itself in liquidation and to have appointed the bogus Asset Recovery Network UK to handle the liquidation. The bogus ARNUK would apparently sell all the assets of the scam company (which are normally a big fat zero) and pay out the proceeds to investors.

The bogus Asset Recovery Network UK was apparently able to turn worthless assets into solid gold!

According to the bogus ARNUK, they would be able to sell the assets and pay everyone back with a huge profit. There is just one problem … investors would have to pay something upfront first. It doesn’t matter what reason they give you for needing your money – IT IS A SCAM.

If you pay scammers them you will never see your money again.

The genuine Asset Recovery (UK) Limited , registered in England and Wales at Companies House registration number 10963590 with HQ in North Yorkshire - reported this Recovery Room Scam to the Police on Thursday 21st March 2019:

Incident reference number NYP210320190495

Email to send further info to is general.enquiries@northyorkshire.co.pnn.police.uk

The people behind the bogus ARNUK even cloned the identity of ARNUK’s CEO, Steve Conley.

Here is a photo of the FAKE passport - of the BOGUS STEVE CONLEY!!!

If you recognise this man please report him to the police on the contact details above, quoting the incident number.

The fake website has since disappeared www.asset-recoverynetwork.com

We have so far identified over 50 victims of the bogus ARNUK scam. Losses totalling £250,000.

Investigating officers have managed to freeze many of the scammers bank accounts that were opened by money mules across the UK. They have also taken the original scam companies to court which resulted in the appointment of an Insolvency Practitioner to further investigate these incidents.

It was purely by chance that the private investigator on the case happened to know our CEO, in person when the bogus Steve Conley was mentioned by a victim and the passport was produced.

The private investigator’s take on the situation is as follows:

“One of our clients has a winding up petition in the High Court on Weds 27th March against the scam digital currency company - Clear View Marketing Services Ltd. We expect him to get a winding up order.

This will then pass to the Official Receiver. We have a private firm, which we work with on liquidations and they will apply to have this case.

The bogus ARN and another bogus company are contacting investors telling them that the company is already in liquidation (which it isn't) and are saying that they have sold their digital currencies and are sitting on a pile of money for them if they could just pay the release fee which is typically several thousand pounds. These companies have the email addresses, logos etc of CVMS so there has been obvious collusion.

We have the details of 30 UK bank accounts investors have paid money into in relation to the original CVMS scam and the follow-up scam. Our liquidator intends to force the banks to provide the details of the owners of those accounts and details of the transactions. A liquidator has similar if not stronger powers than the Police in some cases. One of the bogus ARN accounts has been frozen and they are pushing our client to tell his bank to release it. This suggests that there is some money still in the account.

Happy to help the Police enquiry if they are serious about investigating the bogus ARN. We can link the Police up with several investors who have been approached by them. There are two officers in two different police authorities who have contacted our investors over the past 6 months and are looking into this kind of recovery room scam. We get the impression that it just needs one authority to take the lead and co-ordinate because we have information which could help them. The sums involved are significant and I believe the same people are behind almost all of the recovery room scams.”

Then a victim reported an incident to our HQ in York.

On 15th June 2019, another victim of the bogus ARNUK wrote to our headquarters in York, obtained from Companies House. He mentioned the names Samuel and Paul Davies.

The victim said that around the middle of March 2019 he began to get phone calls and emails from a £250,000 investment he had made in a BINARY OPTIONS company called ISGXCHANGE , money that disappeared.

The scammers then falsely claimed that they were working with Asset Recovery Network (UK) Limited (they weren’t).

The victim thought that they were genuine as they had all his correspondences with ISGXCHANGE (which they would as they were very likely the same people). Then they even said that they did not want any money in advance (clearly a tactic to gain trust).

Later on they said although ISGXCHANGE had gone into liquidation. He could not get any monies refunded as he would have to pay back the bonuses, he had received from ISGXCHANGE .

(Note these would not have been profits – you understand? These pyramid schemes simply pay part of receipts from monies received from new scam victims to make it seem like bonuses so that they can avoid suspicion for as long as possible. Then suddenly when their work is done, they disappear!)

They told the victim that they discussed the refund of bonuses with a company called CYSEC , who they claimed were holding the ISGXCHANGE funds. CYSEC had replied to the scammers (apparently) and told the victim that if he made a deposit of £12,000, then he could withdraw £120,000 (this was another lie).

Once the victim agreed, Paul Davies requested that the victim sent the £12,000 to MGS LIMITED , which was an escrow company they purported to be using to deal with the matter. The victim did this through a bank transfer.

After this had gone through, Paul Davies said that he needed another £9,600 to be able to release the refund and send the money in pounds sterling to the victim’s account. Paul Davies told the victim it would take 32 to 33 weeks to get the refund of the money (stalling for time before the matter was reported).

When the victim managed to raise the £9,600 at the end of May 2019 (clearly this was the last of the victim’s life savings), he tried to contact Paul Davies by phone and email – the same number and email address he had used to communicate with him earlier. There was no answer and the victim’s emails kept bouncing.

That’s when he brought the matter to the attention of the genuine Asset Recovery Network (UK) Limited.

What must you do?

If you have been approached by anyone claiming to be from Asset Recovery Network UK Limited – that’s not what we do. The genuine Asset Recovery Network (UK) Limited does not deal directly with members of the public.

Our clients are foreign banks who have had money stolen or contracts breached.

If you have been a victim of the bogus ARNUK scam or any other scam, here’s what you should do.

In the first instance, report the matter to Action Fraud AND to your local Police authority via their websites.

Action Fraud can be contacted here: www.actionfraud.police.uk

It is highly unlikely that the scammers, or the investments they sold, were regulated by the Financial Conduct Authority or covered under the jurisdiction of the Financial Ombudsman’s Service or the Financial Services Compensation Scheme.

Here are two private investigators that we know and trust that you should contact to pursue asset recovery. Please mention our company, the genuine Asset Recovery Network (UK) Limited, to ensure you receive the best possible service:

Safe or Scam www.safeorscam.net

Carlton Huxley Ltd www.carltonhuxley.co.uk

Should you have any questions for the genuine ARNUK, or wish to contact us for any reason our email address is:

info@assetrecoverynetwork.co.uk

Make the most of the season by following these simple guidelines

websitebuilder@1and1.de — Wed, 10 Jul 2019 06:39:56 GMT

The new season is a great reason to make and keep resolutions. Whether it’s eating well or cleaning out the garage, here are some tips for making and keeping resolutions.

Make a list

Lists are great ways to stay on track. Write down some big things you want to accomplish and some smaller things, too.

Check the list regularly

Don’t forget to check in and see how you’re doing. Just because you don’t achieve the big goals right away doesn’t mean you’re not making progress.

Reward yourself

When you succeed in achieving a goal, be it a big one or a small one, make sure to pat yourself on the back.

Think positively

Positive thinking is a major factor in success. So instead of mulling over things that didn’t go quite right, remind yourself of things that did.

Keep in touch with site visitors and boost loyalty

websitebuilder@1and1.de — Wed, 10 Jul 2019 06:39:55 GMT

There are so many good reasons to communicate with site visitors. Tell them about sales and new products or update them with tips and information.

Here are some reasons to make blogging part of your regular routine.

Blogging is an easy way to engage with site visitors

Writing a blog post is easy once you get the hang of it. Posts don’t need to be long or complicated. Just write about what you know and do your best to write well.

Show customers your personality

When you write a blog post, you can really let your personality shine through. This can be a great tool for showing your distinct personality.

Blogging is a terrific form of communication

Blogs are a great communication tool. They tend to be longer than social media posts, which gives you plenty of space for sharing insights, handy tips and more.

It’s a great way to support and boost SEO

Search engines like sites that regularly post fresh content and a blog is a great way of doing this. With relevant metadata for every post so search engines can find your content.

Drive traffic to your site

Every time you add a new post, people who have subscribed to it will have a reason to come back to your site. If the post is a good read, they’ll share it with others, bringing even more traffic!

Blogging is free

Maintaining a blog on your site is absolutely free. You can hire bloggers if you like or assign regularly blogging tasks to everyone in your company.

A natural way to build your brand

A blog is a wonderful way to build your brand’s distinct voice. Write about issues that are related to your industry and your customers.

Tips for writing great posts that increase your site traffic

websitebuilder@1and1.de — Wed, 10 Jul 2019 06:39:54 GMT

Write about something you know. If you don’t know much about a specific topic that will interest your readers, invite an expert to write about it.

Speak to your audience

You know your audience better than anyone else, so keep them in mind as you write your blog posts. Write about things they care about. If you have a company Facebook page, look here to find topics to write about

Take a few moments to plan your post

Once you have a great idea for a post, write the first draft. Some people like to start with the title and then work on the paragraphs. Other people like to start with subtitles and go from there. Choose the method that works for you.

Don’t forget to add images

Be sure to include a few high-quality images in your blog. Images break up the text and make it more readable. They can also convey emotions or ideas that are hard to put into words.

Edit carefully before posting

Once you’re happy with the text, put it aside for a day or two, and then re-read it. You’ll probably find a few things you want to add and a couple more that you want to remove. Have a friend or colleague look it over to make sure there are no mistakes. When your post is error-free, set it up in your blog and publish.