Fraud series, part two of four
Rome, Italy – March 3, 2022 – Increasingly, ICOs, also called coin or token launches or sales, are used by developers, businesses, and individuals to raise capital. There has been media attention regarding this form of capital raising. While these activities may provide fair and legal investment opportunities, there may be situations where companies publicly announce ICOs or coin/token related events to commit fraud. This is the second in our four part series on ICOs and what investors should look for in a reputable one and to help them avoid scams run by criminals and pedophiles.
Tips for investors to keep in mind.
Before investing in an ICO or affiliate company, always do your homework. Research the financial health, management and prospects of the company. This type of knowledge is usually included in reports filed with the SEC which are free and can be discovered through the EDGAR filing system.
Some companies are not required to file reports with agencies or go through audits. Non-reporting companies are those that do not have to report their financial results. Investors should be cautious when trading such stocks as up-to-date and accurate information may not be available for investors to make an informed decision about them.
Investors should do their research and be aware that information on Internet blogs, social networking sites, and even a company’s website may not be reliable.
Check the legitimacy of websites and do background checks on people involved in cryptocurrency. Anything that seems unclear or vague should be avoided. Don’t be fooled by fancy, fancy Internet sites. After all, it’s what’s inside that matters.
Before investing any money in cryptocurrencies, consult with specialists or talk to your financial advisor. In this industry, the lure of getting rich overnight is strong. Don’t be fooled by fraudulent promises or flashy sales pitches.
Make sure the cryptocurrency exchange you choose is legal and licensed before buying and selling cryptocurrencies. Also, make sure your deposits are protected from theft or loss. Any reputable and credible exchange will provide insurance and keep your digital wallets in cold storage (offline).
It is essential to be careful when leaving cryptocurrencies on any exchange for an extended period. If you bought cryptocurrency to trade, you could leave it on an exchange. However, if you want to invest and store multiple cryptocurrencies over the years, consider getting a cold storage hardware wallet.
Do not be discouraged if you have been a victim of cryptocurrency or bitcoin fraud. Regulators around the world have set their sights on anything that looks questionable in the crypto space, due to the sheer number of scams and harmed people in the last five years. Take heart knowing that many people have recovered Bitcoin and other cryptocurrencies; nothing is completely secret. Please feel free to contact RoRa Group if you have been harassed, and we will do our best to help you find the right reporting agencies.
RoRa Corp is a collection of disruptors that have embraced blockchain technology to identify and eliminate existing inefficiencies and outdated processes that have plagued previous models. The firm was founded by bankers, cryptocurrency specialists, Fintech consultants, and other alternative investment experts. RoRa Corporation is paving the way for digital monetization, allowing asset holders and financial institutions to purchase and profit from stablecoins and gold coins for their assets. Our goal is to provide 1 million high-quality investors and asset holders with the opportunity to benefit from the economic prosperity that the future of a blockchain promises.
Company Name: RoRa Corporation
Contact person: Alexander Dos Santos
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