What Is Federal Account Recovery – Scam or Real Company? [Review]

A reader recently requested I take a look into Federal Account Recovery and their work from home job involving ‘worksheet processing’.

I do a lot of reviews on this site so I was keen to see what it was about.

Anyways, I spent some time looking into this and I have to say it doesn’t look good. It appears as though the people behind the Federal Account Recovery website are running a scam. One that rips people off for $5 per worksheet submitted.

Granted, that’s not a huge sum of money. But it’s enough to make the people behind it a good chunk of change at your expense.

In this review, I’m going to break down the reasons why I don’t believe it’s legit. This way you can make your own mind up before investing your time and money.

What Is Federal Account Recovery?

Federal Account Recovery claims to help people make money processing worksheets.

According to their website (federalaccountrecovery.com) they “reunite people across North America with their lost bank accounts, insurance policies, stock dividends and other missing property”.

In other words, they re-connect people with their lost assets, such as money or property.

In doing so, they claim to earn 30% of the amount they help recover and share 75% of that with you- the “worksheet processor”.

Worksheet Processor Job

There are legitimate asset recovery companies out there of course. And people really can claim their lost funds through the appropriate channels.

According to the NAUPA website, billions of dollars in lost assets are collected and returned to people each year. Within the United States and Canada alone. NAUPA stands for ‘National Association of Unclaimed Property Administrators’ and they’re the primary authority for unclaimed property within the US and Canada among other countries.

Anyways, the process of finding and obtaining your lost funds is free and can be done through the above website or through the Missing Money website.

However, the folks at Federal Account Recovery say the process of getting your lost money back is quite tedious. So they make life easier by finding lost funds for people (with your help) and charge a fee to the recipient for doing so.

I guess their story does sound somewhat believable at this point. So it’s understandable if you’ve fallen for it. But as I will now explain, there’s some serious holes in their story…

How ‘Worksheet Processing Jobs’ Supposedly Work

The Federal Account Recovery website itself doesn’t serve much of a purpose. The home page consists of some generic information, stock photos and (oddly) a link for people to buy web hosting. Which makes zero sense for people looking for a work from home job. The only ‘useful’ part of the site is the FAQ page which clarifies some aspects of the program.

Further research reveals that the real website used to lure people into this is called Legit Flex Jobs Academy (legitflexjob.com). This is where you sign up, follow the instructions, and begin processing worksheets.

Here’s the process of making money according to the Legit Flex Job website:

  1. Create a free account at LegitFlexJob.com and watch the ‘training’ videos
  2. Search the various databases to find random accounts over $500
  3. Use that information to fill out the worksheet they give you
  4. Submit your worksheet along with a $5 ‘shipping and handling’ fee (per worksheet)
  5. Within 3-5 days of the company receiving your worksheet, you apparently get paid

Sounds simple enough, and going by the example, you can make $100’s per worksheet you submit. But the scam here is that no one ever gets paid. Which means you are essentially just sending anonymous people money for nothing.

Read on to see why I believe no one’s getting paid for this job…

Why No One’s Getting Paid To Process Worksheets

For starters, the turnaround time of “3-5 days” to get paid does not make sense.

According to the FTC website, recovery companies “cannot ask for — or accept — payment until seven business days after they deliver the money or other item they recovered to you”.

Let’s consider this for a moment…

Once Federal Account Recovery receives your worksheet, they need to contact the beneficiary. This would have to be done via post since this is all the information you get when searching these ‘lost fund’ databases. I checked.

This process alone would take well over a week. They have to send the letter to the person who’s funds are lost. Who then needs to read the letter, agree to engaging FAR to recover the funds, and return some form of authority in order for the recovery to begin.

So there’s easily a week right there. This is just plain logic.

Anyways, from there, there would easily be another week (or quite possibly more) in actually claiming the funds back from wherever they are being held. They would need to contact the relevant organisation, and they would need to process it on their end. Then, the fund would need to be released to the rightful owner.

There’s easily another week right there. And that’s being generous. In any case, only then does the mandatory seven day waiting period begin.

Remember, the FTC clearly says no company can ask for money until the recipient has received their money in full, and seven days have passed.

So we are (logically) looking at at least 3 weeks before Federal Account Recovery will receive their 30% finders fee from that person. Assuming all goes to plan.

So ask yourself- how can they pay you within 3-5 days of receiving your worksheet?

The simple answer is that they don’t pay you. There’s no way they’re going to be giving people $100’s or even $1000’s in advance of getting the payment themselves.

Not a chance.

To further concrete my suspicions on this, I’m unable to find anyone who’s actually been paid. Instead, there are complaints from people who’ve got nothing.

Here’s one such complaint on the BBB website

BBB Complaint

What’s more alarming is the number of people who are marking these complaints as helpful. This is a good indication that many people are getting stung by this.

Who’s Really Running The Company?

Good question! The Federal Account Recovery website uses an anonymous domain registration for a start. Which isn’t necessarily a bad thing in and of itself. But it is when you consider this company as a whole. And it is when the ‘founder’ of the company hides their true identity.

Brenda Paulson Founder

According to the website, Brenda Paulson is the founder. But that’s about all they say. No ‘about’ page, no social links- nothing. Turns out she’s a stock photo…

Stock Photo Brenda Paulson

Also, it turns out the main address they provide on their site is a UPS store and the other appears to be a post box.

So they are not being forthright about where they’re operating from…

Address For Federal Account Recovery

Lastly, the BBB itself reached out to request further information, to which they were ignored. Which further shows they are hiding something.

Legitimate companies simply do not operate in such a secretive manner.

Why Federal Account Recovery Is Very Likely a Scam

All signs point to Federal Account Recovery being a scam.

They portray themselves as ‘lost asset recovery company’ that offers people a real home based job opportunity. But in reality, they are sitting back collecting $5 money orders from unsuspecting people.

Unfortunately, given the low amount, many people are likely to fall for this scam. I guess it’s no big loss on an individual level, but it’s certainly a win for the scammers running it if they can fool enough people.

There is another danger here though…

When you participate in this, you are giving these people your name, email and address. Which means they are adding you to their database and will continue pushing more scams to you down the road.

Not to mention, they will very likely be selling your information to the highest bidder. Believe it or not, this is big business online for unethical marketers.

Once your name is on such a list it’s near impossible to stop the SPAM.


From what I’ve seen, Federal Account Recovery is not a legitimate company and their job offer is fake. Given what I’ve seen here, and based on my experience with work from home programs, it is very likely a scam. I can’t be certain since I haven’t sent them any money myself, but this is the most likely scenario.

What you decide to do is up to you, but there’s no way I can recommend this to you.

60 thoughts on “What Is Federal Account Recovery – Scam or Real Company? [Review]”

  1. Plain and simple. I got robbed. I did not do enough research and I wish I had paid attention to my moral consciences. My family said it was a scam at the beginning and I went ahead and sent in $100. That was a year ago and I lost the money. I’m a retiree and I wanted to make money on the side. Now that my name is out there, everyday, I am scamped with calls and emails from all over the States. I wish I could do a flashback and undo the time. What a waste and energy of having to delete delete delete all incoming junk mails and blocking unrecognized callers. I just want to make an honest earned income while staying at home.

  2. Why would you take time to research FAR? How do I know that your free online business isn’t another scam, too? I lost $20 with FAR, but I’m not trusting another smiling face claiming yet another long, drawn-out waiting period for a financial return almost like FAR did. I’m glad that I was able to hook up with an agency that has provided me with real work and pay as I train. Guess I’m going to have to change all my online contact info, as well.

    • Hi Lucy,

      I publish reviews on this site because people find these helpful. And like most sites, I do make money promoting products I believe in on this site, which you can see here on my resources page.

      You are right to be skeptical- because anyone can say literally anything online.

      This is why I always recommend people do their research and make their own informed decision about a given program. And this is also why I promote programs that allow you to start for free, so that you can see inside the program for yourself and decide if you like it, without spending a dime.

      I personally don’t recommend any ‘online jobs’ because in most cases these are scams. What I do recommend is affiliate marketing, which is a business. It’s not hard to become successful with affiliate marketing but it does take time and effort. You also need the right training, tools and support because otherwise you can end up chasing your tail and seeing nothing in return.

      Hope this helps and all the best going forward!

  3. I am so very glad that I clicked on here. I was going to send 2 or 3 worksheets in today along with $10 or $15 bucks, which I really don’t have to spare. Plus, I was gonna start sending a few every week. But you saved me from being disappointed and broke. Thank you so much!!!

  4. I just got robbed of $170, how do we stop this suckers. There should someway to get them. I’m very educated, didn’t do my homework first before sending in worksheets!
    Thanks for your help.

    • Hi Stella,

      I think the best course of action would be to contact the FTC. Taking your own legal action is almost certainly not going to be viable, and that’s what these scammers are banking on. But the FTC will potentially investigate something like this if enough people are losing money. So by all means head over to their website and report this scam.

      I’m not saying this is the best way to go, but it’s what I’d consider doing myself.

      Hope this helps.

  5. Thank you for all the research work to reveal this scam. I hit a 35,100 one when searching the database, but then I think of the amount of service fee they are going to receive and give, why do they bother to ask you to send $ 5 cash in the envelope, THAT IS WRONG TO ASK PEOPLE TO MAIL CASH THROUGH MAILS.

    • You’re welcome Jade, and yeah I agree getting people to mail cash is wrong. This ensures they have a much better chance of getting away with it since there’s no record of anything I guess.

      Thanks for commenting and glad you found the review helpful. Cheers

  6. I received the same email and info from Trevor Harris. So called Federal Account Recovery. I was just ready to send 20 sheets in and for some reason I thought of looking the website up. I found you and all the scam info and I feel so insulted…..
    The scamming is ridiculous….. They will get caught hopefully soon.

    • Hi Sandra,

      Anyone who’s ever really attempted to earn money online has been taken advantage of at least once. Sad but true. I fell for a lot of BS programs before I found a real way to work from home.

      So the fact that you are doing your homework is the important thing. Doing this also helps you avoid future bunk programs.

      Anyways, glad the review was helpful and all the best.

  7. I was just about to send in my first form and $5. I had a bad feeling so was just going to test it. So glad I saw this first. Thanks!

  8. Wow, I hate to admit this but I am a sucker that got licked for $20 bucks! I was about to send in another four sheets but something told me to research this more. The only thing I received was a confirmation email replying to my email stating I am sending in 4 worksheets. (also I did start receiving spam for similar agencies) Man it is April and these people are still collecting money orders and or cash from unsuspecting people. Your blog was very helpful thank you so much for blowing the horn on this one! I pray that more people find it before its too late.

    • Yeah it’s crazy but I think one of the reasons is they are using multiple websites to promote the same ‘job’. I’ve found a few of them but there’s no doubt more. The sad part is not everyone reads reviews like this either which keeps them running longer.

      Anyways, glad my review was helpful Claudette and all the best going forward. Cheers

      • Hey Tim, I too almost fell for this scam. I normally hear my mother in my head saying as she’s always said, “if it sounds too good to be true, it normally is not true”. God rest her soul. However, just so everyone else knows. I was looking for a job through Employ Florida website, which is thru our unemployment agency here. I found this company called americanonlinejobs.com, which eventually led me to onlineflexjob.net/index.html, which looked like a legit company but it’s one of those Fortune 500 companies. Before I was able to get access to the site for northamericorp, (which I did not know the name until I did what was requested from me), I had to pay and download an antivirus software that they supposedly use for their company. They said I would be reimbursed for it. It was $24 and it was Bull Guard antivirus. I had to send them a receipt showing I paid for the software. Then this is the email they sent me:

        CONGRATULATIONS! Your application has been electronically reviewed and has been approved based on our decision matrix.

        Please go HERE:


        to create your free account and log in to the job training center. Once inside, follow the instructions for your software reimbursement OR just start following the job training to earning income from home as quickly as possible.

        You MUST download and run the software on your computer or device for you to have full access to our program.

        – If you have additional support questions regarding Flex Jobs please go email here:


        Thank you,

        The Onlineflexjob Support Team

        What was odd to me is that in the email they sent they tell me again about dl the software which I had already done. However, it said
        “Once inside, follow the instructions for your software reimbursement OR just start following the job training to earning income from home as quickly as possible.

        “OR”, key word b/c I did not see any instructions for my software reimbursement.

        I don’t know how they get away with posting on our employment site here. Although, the site does tell you that there are some times when they can’t decipher what’s a scam and what isn’t but they try to weed them out.

        When I originally went to americanonlinejobs it started giving info out about paid surveys. That type of thing. But then they were like in their video making it sound like you would be able to have your own website and if you signed up for most of the survey affiliates they showed, that they would put those on your site. Maybe you can go to that website and see what I’m talking about. Americanonlinejobs.com

        Also how do you feel about these survey sites, aside from these companies we’re talking about. Just in general I’ve gotten things like that to get paid for surveys.

        Any input would be greatly appreciated.


        • Hi Debbie,

          Yeah I came across NorthAmeriCorp not long ago, and you can read my review here if you like.

          In short, it’s just a fake company that pretends to give people a job, when in reality they are promoting an antivirus software. So they earn commissions when you buy that software through their site. There’s nothing wrong with promoting products online of course, but when they do it like this it’s completely unethical and highly misleading.

          I haven’t heard of the other two sites you mentioned though, so I will probably take a look at those soon.

          In any case, thank you for taking the time to come here and share your experience and insights, Debbie. Very much appreciated.

          All the best going forward. Cheers

          • Hi Debbie, I just realised I totally forgot to answer your questions about paid surveys!

            In short, paid surveys are not all scams, some are legitimate companies that do pay you. However, I am not a fan of these sites in general, because (in my opinion) they are a massive waste of your time. Because most people (at best) earn $1-$2 per hour doing this.

            What you will find is that most of the sites that recommend ‘getting paid for surveys’ are making money off of you when you join these companies and do the work. The company gives them a kickback for sending you to them. Which is fine, there’s nothing wrong with that as long as it’s a legit company and as long as they are promoting it in a legit way.

            But it does mean they have an incentive to tell you how great a given survey site is.

            I much prefer, and actively recommend, building a business online. This will take you longer to get to the point of profit, yes. And it does require a good amount of effort. But the money you can make building a business is FAR greater than just about any online job going. Without a doubt. And I always recommend affiliate marketing with a website, since this is how I earn a living online.

            There are other types of businesses you can build, but this is a simple, low cost business that has a lot of profit potential over time once you get rolling with it.

            Anyways, hope this helps and all the best going forward with whatever you end up doing! Cheers

          • Thanks Tim for responding. I appreciate that. I’m not sure how simple it will be for me, in general, to do the affiliate marketing you mention. Can someone like me with no experience with this type of thing, create something like this?

          • You’re welcome, Debbie. And yes, absolutely.

            I started as a complete newbie so you can definitely do it. As long as you are prepared to put a consistent effort in over a consistent period of time, then you can do it. It really boils down to learning and taking massive action, consistently. To give you some perspective, it took me 3 months to earn one single dollar, and about 6 months to start earning small, but regular commissions. Now I earn a full time income with affiliate marketing, it took me just under 2 years to get to that point.

            So there is a solid amount of effort involved, but it’s well worth it.

        • Hi Debbie, I haven’t looked into that site but if I do I’ll update this comment. Thanks for the tip in any case 🙂

  9. Hi, I did this one. Was all excited thought it would be good to help people and get paid. I sent in 29 worksheets still waiting to be paid. They always answer their emails within a couple of days. But I sent in the worksheets the 5th of January still no money on any of them. Unfortunately I didn’t find your review before I made that mistake.

    • I’m sorry to hear you’ve lost money to this scam. I guess if you’ve learned something here about avoiding scams then you could save yourself a lot of money in the future though. Thank you for commenting.

  10. I too was all set to get started and mail my $ in along with the completed worksheets. But I had a gut feeling that said “don’t do it”. I started looking for reviews and came across yours. THANK YOU!!!! Your review kept me from losing money and making a fool of myself. I then goggled the addresses that were provided on where to send the completed worksheets…. they are UPS stores.

  11. Gosh, they sure got me, well i kind of had a felling something was up, when watching those videos. Nobody can make that much money for just filling out worksheets. When i found out it was a scam from this website, I just took all the worksheets and just threw them in the fire place to be burned.

  12. I had actually found this company through a news paper, called the Employment Guide.com. The ad headline was make $32.00 dollars an hour. So I was very interested, I had found the company and It looked promising and I tried it by sending in 4 worksheets. But I wanted to keep an open mind so I did. I worked by doing a couple every couple days and next thing you know it was 3 weeks later and I found this review. It probably saved me or I might of done more. Now keep in mind I`m not an idiot, i was really hoping it was not a scam. Because I am a pretty optimistic person. By the way I was scammed $170 dollars hope they needed it. Thank you for the info.

  13. Note, the NAUPA site provided as one of two links, actually states right on the homepage something like, We do not have work at home jobs processing worksheets, This is a SCAM. It would be helpful for The Bank of Canada to follow this example, where a legitimate company should do everything they can to protect people, especially in the recovery of funds and property field of business (haha a bit ironic). This is what alerted me into further researching through BBB, where I learned the addresses were UPS sites, and then found your review, all solidifying my initial suspicion!
    Thank you for your efforts to help people. Maybe you could suggest the approach to the Bank of Canada to follow suit of flagging the scam on their link home page??!! How many more individuals could that potentially help? I feel these busineses are also targets and being used and extorted through the scam.
    None the less, cheers to bringing their small numbers ($5) down!

    • Oh wow I didn’t see that on the NAUPA site, thanks for pointing this out. I think that’s about as much proof as anyone would need to confirm this is in fact a scam.

      Thanks for commenting and glad you found the review helpful.

  14. If the law don’t inforce the scammers by using the internet and getting the education only to build a website to lure us to their site without some kind of an general officer person type who we must get an approval that it is a legit site than we would have our sanity instead they rob us by trusting them . Enough is enough. All and I would say that 99.9% is scams. Disappointing and end up broke. P.S. For making money in becoming an affiliate marketer which I sign up and the end not one penny I have made.

    • Hi Joy,

      Yep, there are a lot of scams online. But there’s also legit ways to earn money, and without a doubt affiliate marketing is one of them.

      How long have you tried to do affiliate marketing?

      It took me 3 full months just to make my first dollar as an affiliate, and about 6 months to start making regular commissions. Now I earn a full-time income doing affiliate marketing, which took me over a year and a half to build up.

      So if you’ve just tried it for a couple months it doesn’t surprise me if you’ve made no money. It takes time and a lot of effort.

  15. well, i feel for it too. told myself to only do it once and send in 4 worksheets for the cost of $20. but i ended up doing another 4. i guess $40. is not that much to lose, but its still upsetting. especially when i knew better. i should have checked to see if it was a scam first. but i found it on what i thought was a real site for work at home jobs.
    ugh. i feel kind of stupid. i was just trying to find a way to make some money while i stay home to care for my aging mother.

  16. Wow..i did fall for it. I sent in 4 sheets as a test run…i havent been paid yet..i sent emails and did get replies on how it works… I so glad I saw this..thank youy

    • Many people have so don’t sweat it. I guess the bright side is it’s not much money to have lost. Kind of a double edged sword though, because this is also the reason they’re able to scam so many people.

  17. Thank you so much for the information. On one of the worksheets I pulled up in Canada had an actual address of Unclaimed Balances Services and a telephone located in Canada. So, I decided to call and I spoke with a representative of Bank of Canada. When I asked her my question she firmly stated that this was a scam that they were aware of that is operating in the United States and that no one but the claimant would be authorized to send in forms to receive their monies. Also, she indicated that even for them they had to provide proof of who they are at one of their locations. She said it was a scam and not to be lured into their web.

    • Thank you Peggy, this is VERY helpful to people. I hope people read your comment as it confirms this is a scam.

      I recently discovered they’re running multiple scam sites too,I found a site called NorthAmeriCorp which I recently reviewed. They too claim to help people ‘process worksheets’ and use a similar site. Although the way they scam people is slightly different.

      Anyways thanks again for your comment. Much appreciated.

  18. was all set to mail my two (2) work sheets along with my $10.00 telling my self that is not a lot of money and suppose its real, but something told me to check further. Thank you,LouiseThank you, Thank you

    • Im just now reading alot of these comments was excited at first to finally find something that may b legit was prepared to send my money havent sent a nothing until I did some research soooo glad I did Thanks u guys for all your input on this scaming company….

  19. Hello Tim, I too was all set to mail in two worksheets but I was sitting in front of post office remembering the lack of randomness while looking through last name Wilson on Canadas’ supposed sight and most of the ones I looked at had a last transaction date in the 60’s or 70’s and a funds sent to the Canadian organization 10 years later which seemed off to Me and there were too many dollar amounts that were similar the most being right around 1000 and 2500-2900 . So that seemed fabricated to Me. So I did spend 20 bucks on pens and envelopes and stamps. It really bothers Me all the scammers online these days. Seems like every time You turn around theres new scams. If these people would put 1/2 the effort into something legit everyone would benefit. I remember scam a few years back where they send You a check for 3500 that looks real and Your supposed to take it to Your bank and deposit it and send them most of it and it supposedly will clear. I read a cpl blogs where the bank actually prosecuted the innocent persons that deposited fake check . Recently a man called My Dad and told Him that His g-daughters husband was in jail in New York for an auto accident where a lady He hit had a misscarraige blah blah and called Him by name and My Dad sent 2000 and was going to send 7200 more but I insisted that He keep trying to get hold of G-daughter which He did finally get hold of Her. Anyway thank You and buyer beware

    • Hey Christopher,

      The actual databases are real, they are run by third party government organisations. Although it depends on which databases you use so maybe they link to fake ones as well, not sure. But in any case you are right in your thinking- the chances of even being able to contact many of these folks is slim at best.

      I agree, and it’s a sad reality unfortunately. While there is a lot of opportunity online to create a profitable business, there’s an army of scammers out there looking to take advantage of people in any way they can.

      Yeah, that sounds like ‘cashiers check fraud’. This type of scam is still running too, and there’s also quite a few ‘spin offs’ running like the Walmart mystery shopping scam.

      I guess the best form of defence against scams is not buying into anything on impulse and doing your due diligence. Just like what you’ve done yourself here. So well done.

      Anyways thanks for commenting and sharing your experience here, much appreciated! Cheers

  20. Wow! Haven’t mailed yet, but hit a$4,091.45 account in my first 30 minutes. This has me VERY motivated…hope youre not a scam

    • I’m in the same boat. I’ve been doing this since January 2018. So far totally my cut is $91,000 ++ and I haven’t seen a red cent either but I’m still positive about it. I sure hope it’s not a scam but it’s not looking good.

  21. Thank you for this review it saved me from making a fool of myself, but if you know of real ways to make money please email me thanks again

    • Happy to help Kelly 🙂

      When it comes to making money online I really only recommend building a business. In my experience, finding a legitimate ‘online job’ is very near impossible, and even if you do find something legit, you’ll be lucky to make a few extra bucks.

      This is why I recommend building an online business, which does take time and a good amount of effort, but it’s well worth it in the long run. I created this page to show people how to get started.

      Hope this helps and thanks for commenting! Cheers


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