Thank you for calling this out. I can't believe how these are allowed to run ads. Some gov organization needs to step in and crack down on these scam ads that are all over the internet. It's sad, cause all you can do is report them on the FTC website, and what the hell do they do about it?
Thanks for this video. I now come to TH-cam for part of all my DD. I have to admit I was very nearly convinced with the actual idea of tokenising financial assets. But of course that’s not a new concept. I’m out as they say on a certain show. Also ask Chat GTP, which did highlight risks.
Thank you and a question. I'm a beginner in presale. Was just planning to buy RCOF, something felt too good. Strange that in major platform it was promoted as well with big articles. Any recommendations for a trust worthy place to check? And i allowed them to connect to my trust wallet to do the swip. Did they breach my wallet? What should i do? Thank you 🙏
The President/Owner of RCO is listed as Robert C. Osmanski of Chicago, IL He's been a trader and worked in finance for a huge American agribusiness called Cargill.
So any change in the thoughts of this being a scam?? I’ was about to borrow on my home to buy this!! Smfh. So glad I decided to look on TH-cam for any news on this company. I’m new to crypto in general & found one of the stories about this company that made me want to buy buy buy. Now I’m def second guessing myself
Why does Robinhood allow for this scam ad to be posted on their platform ?? Really fishy stuff that’s how I heard about this rcof crap sounds fishy from the start
no it doesn't - when i first heard about Bitcoin I just wanted to get my hands on it then and there - it sounded like the most liberating thing i'd ever heard of.
If Retik Finance is a recognized coin on the market. How is it a scam? I'm new to crypto. Just asking. Makes no sense to me if it's observed, metered on the market yet it's a scam. I have put $60 into RCOF, not a worrisome loss. Just a lottery ticket I suppose since I'm new.
@@thisguyhere675 they promised visa cards and stuff but had no intentions of working with visa... all lies. They can also sell tokens when others don't have them and take liquidity which is a common scam. If you are new stick to blue chip crypto... top 100 coins... not this crap.
I don't think its a full scam, I mean it said the launch price was going to be $0.15 and it went to over $2.00 when it listed. I think its more of a pump and dump, so theoretically, you can make money but you need to be quick to sell out before it falls to below your purchase price. That's my opinion.
@@BinanceStuff Fair enough, never participated in any of these pre-sales so didn't know how it works, if that's the case then yes it is a massive scam.
Most of the scam talk is because the registered address of the company is a residential house in Miami owned by a behavioral specialist. The website doesn’t do anything except accepting payments. There isn’t any software to download or demo. The X account only has spam posts from accounts less than a year old. And most of the articles online are paid advertising.
Yeah Bro hahha I noticed that too, for a few points and here they are : 1: Poor quality "mod" image 2: Terrible messages about random subjects spoken in the group just to generate the famous shilling message 3 Very amateur project, they don't even know how to arrange the titles of the "project" functions
I come here to warn about RCO being scam by same people of renq and retik but I see you're way ahead. But what can we do about it...we need to help people not lose their finances somehow but their marketing machine is so powerful..
@@TheWazo81 like my video and share it on twitter etc. is a basic. Yes I agree we are up against these scammers who aren't seeing any threat of prison.
@@tylerstevenson8757 you can try - best of luck - let me know how it goes - keep track of everything and be careful not to fall for follow up scams around this project.
@@BinanceStuffso if I bought into this, and my account on their site says I have so many tokens, do i actually have them or does it just say I have them? Also, so are we saying this coin will never even launch? Thank you
Join my discord: discord.gg/3U57zRnK
Says link is expired. I did sign up for this and had some questions. Glad I didn't buy.
@@JVncnt-mi9lf discord.gg/3U57zRnK
Thank you for calling this out. I can't believe how these are allowed to run ads. Some gov organization needs to step in and crack down on these scam ads that are all over the internet. It's sad, cause all you can do is report them on the FTC website, and what the hell do they do about it?
@@ahuffman9204 I agree not enough is done to stop obvious scams being promoted.
Thanks for this video. I now come to TH-cam for part of all my DD. I have to admit I was very nearly convinced with the actual idea of tokenising financial assets. But of course that’s not a new concept. I’m out as they say on a certain show. Also ask Chat GTP, which did highlight risks.
Thank you and a question.
I'm a beginner in presale. Was just planning to buy RCOF, something felt too good. Strange that in major platform it was promoted as well with big articles. Any recommendations for a trust worthy place to check?
And i allowed them to connect to my trust wallet to do the swip. Did they breach my wallet? What should i do?
Thank you 🙏
join my discord and ask about projects in there - we have a few experts excluding myself who can potentially check projects: discord.gg/ZcuV6UVN
Thank you 😊 @@BinanceStuff
@@danielram4499 nobody checks the welcome - you need to put messages in projects "is-this-project-not-a-scam" - or you can put in general chat
@@BinanceStuff Hello. This link of your discord is not active, please fix it.
Thank you, man! This video was important for me
No question, total scam, I fell victim. Spread the word!
Same here
Wished I had found this video first
The President/Owner of RCO is listed as Robert C. Osmanski of Chicago, IL
He's been a trader and worked in finance for a huge American agribusiness called Cargill.
That's RCO Financial and has nothing to do with RCO Finance, unless the latter began in 1991. The scam team has simply lifted the name.
We need more of these videos! Keep going!
don't forget to join as a member - £1.99 / month 🙂
Thanks for the video mate
Thank you. I was going to purchase this and decided to dig a little more. Happy I found your video.
Thanks for the review. I've learned my lesson.
Why is it on Coinbase Wallet?
@@BobbyHickey how do you mean?
I don't think it is because it popped up as ROCO and not RCOF.
So any change in the thoughts of this being a scam?? I’ was about to borrow on my home to buy this!! Smfh. So glad I decided to look on TH-cam for any news on this company. I’m new to crypto in general & found one of the stories about this company that made me want to buy buy buy. Now I’m def second guessing myself
@@masterfireroaster it's 1000000000% a scam... if you are new to crypto... just buy bitcoin and sleep easy!
Is Dogen a scam as well?
looks like all the rest of the presale scams to me.
Do yall know if ETFSWAP presale is a scam too??
not had chance to check it out.
Why does Robinhood allow for this scam ad to be posted on their platform ?? Really fishy stuff that’s how I heard about this rcof crap sounds fishy from the start
@@joshwarner1390 they post on binance news, yahoo finance, cmc as well... but if you check it will say paid... and we don't endorse anything.
Same way I found out about it I put 20k inn it
They just take money, don't vet if it is a scam or not.
Not saying its not a scam but EVERY Crypto starts and sounds like a scam
no it doesn't - when i first heard about Bitcoin I just wanted to get my hands on it then and there - it sounded like the most liberating thing i'd ever heard of.
If Retik Finance is a recognized coin on the market. How is it a scam? I'm new to crypto. Just asking. Makes no sense to me if it's observed, metered on the market yet it's a scam. I have put $60 into RCOF, not a worrisome loss. Just a lottery ticket I suppose since I'm new.
@@thisguyhere675 they promised visa cards and stuff but had no intentions of working with visa... all lies. They can also sell tokens when others don't have them and take liquidity which is a common scam. If you are new stick to blue chip crypto... top 100 coins... not this crap.
Same, I only spent $50 worth of Ethereum from a completely new wallet. If it is a scam, no big loss on my end
@BinanceStuff Ok, thanks for the info.
So you are just speculating?
It is like retik finance
@@abdelmou5497 it sure is... buy this if you want to lose all your money.
I don't think its a full scam, I mean it said the launch price was going to be $0.15 and it went to over $2.00 when it listed. I think its more of a pump and dump, so theoretically, you can make money but you need to be quick to sell out before it falls to below your purchase price. That's my opinion.
a lot of these projects hold your tokens back so its impossible to be quick to sell when they don't give you your tokens.
@@BinanceStuff Fair enough, never participated in any of these pre-sales so didn't know how it works, if that's the case then yes it is a massive scam.
They will only give you 5% of your tokens a week. Try and sell that fast so......
Wait, what? It already launched?? No...
Most of the scam talk is because the registered address of the company is a residential house in Miami owned by a behavioral specialist. The website doesn’t do anything except accepting payments. There isn’t any software to download or demo. The X account only has spam posts from accounts less than a year old. And most of the articles online are paid advertising.
plenty of red flags
I was almost a victim until I though about it and stopped type the coin in youtube and your video came up.
@@akajaykay2003 always worth checking... don't forget to like and subscribe. If I saved you money don't be afraid to join my channel as a member 💵
I noticed that on X all of the comments are tagged as spam and all of the commenters are brand new accounts.
Yeah Bro hahha I noticed that too, for a few points and here they are :
1: Poor quality "mod" image
2: Terrible messages about random subjects spoken in the group just to generate the famous shilling message
3 Very amateur project, they don't even know how to arrange the titles of the "project" functions
Also, they don't even know what RCO stands for. Never mentioned in any document .
I come here to warn about RCO being scam by same people of renq and retik but I see you're way ahead. But what can we do about it...we need to help people not lose their finances somehow but their marketing machine is so powerful..
@@TheWazo81 like my video and share it on twitter etc. is a basic. Yes I agree we are up against these scammers who aren't seeing any threat of prison.
Yeah eles são claramente golpista @@BinanceStuff
How can I get my money back or can I sell as soon as it’s released
@@tylerstevenson8757 you can try - best of luck - let me know how it goes - keep track of everything and be careful not to fall for follow up scams around this project.
@@BinanceStuffso if I bought into this, and my account on their site says I have so many tokens, do i actually have them or does it just say I have them? Also, so are we saying this coin will never even launch? Thank you
Unfortunately i bought 200$ of there crap before realizing it was a scam a few hours later 😪
@@keto4life197 ouch... just be careful regarding wallet interactions
What leads you to believe it's a scam tho?
@@skykennedy3574 I also want to know
@@skykennedy3574 it's the same as several other projects that turned out to be scams
@@lucianocarvalho293 it's the same as several other projects that turned out to be scams
They have just delete their official TG RCOF chat after writting them they are all scamers.
Unfortunately, this is another scam.
@@daddycool4023 thanks for the info
He does not know
@@OneAndDone5150 this is a scam
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