Action Refund Ltd

Israeli fund recovery and consumer rights venture

Fund Recovery Business

Fund Recovery is actually a good business with hardly any risk. According to the information provided to FinTelegram by former clients of Action Refund, scam victims who want to get their money back via Action Refund (ARF) must first sign a Fund Recovery Services Engagement and in it agree to pay a non-refundable retainer of at least $5,000 plus 10% of the recovered funds as commission.

Yaakov Glidai of Israeli Action Refund LtdAction Refund Ltd d/b/a Action Refund ( and is based in Ramat Gan in Israel and is controlled by Yaakov Glidai (left) and Itai Haimovich through their companies Red Hot Holdings Ltd and Haimovich Holdings and Investments Ltd.

Like the disgraced and sentenced fund recovery scammer Austin Smith of Wealth Recovery International, Yaakov Glidai also has a U.S. relationship. Yaakov Glidai also operates the website Red Hot Funding (, which specializes in consumer finance, through Red Hot Funding Inc (OpenCorporates), which is registered in Wyoming, United States.

Call Center in Israel

Action Refund operates through a call center with nearly 20 agents that actively address scam victims. Through aggressive ad campaigns on Google and social media, they find scam victims whom they promise to recover their funds in exchange for initial payments of several thousand euros or dollars.

Some of Action Refund’s former clients have provided us with information that paints an unflattering picture of the company’s work. However, it is currently too early to make a serious report. Therefore we want to have more information. According to their website, Action Refund helped 1,225 scam victims to recover more than $2,3 million. Sounds impressive, doesn’t it?

Trustpilot and Pishing alarm

On Trustpilot, Action Refund has a 4.6-star rating (excellent) out of 198 reviews submitted. However, more than 90% of the reviews are a bit suspicious and smell a bit fake. Besides, when visiting Action Refund‘s website, we received a security alert and were told that a URL pishing was attempted. The security software terminated the connection.

If you have any information about Action Refund, Yaakov Glidai, Itai Haimovich or their organization, or any experiences with their services – good and bad – we would be grateful if you could share them with us.

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