Corodai Scam: Scam Or Legit? | Recover Lost Funds

corodai-logo
An expert will get in touch with you within 48 hours.
Is Corodai a scam? How to recover funds from Corodai? Find the answers to all these questions and more in this guide.

Summary

Corodai has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Lucerey. We’ve received over 6 complaints against Corodai.

Corodai looks like a scam because it doesn’t follow any rules and may be working illegally. The company is risky because not having a license lets them avoid legal consequences. For the safety of consumers, investors should check a company’s regulatory status and license details. Corodai victims have a hard time because there is no watchdog or license. There are cautious questions asked about openness, details about the CEO, and licensing by the government. The scam loop is broken down, and payment methods are banned. Chargebacks are pushed as a way to get money back.

Get Your Money Back From These Scammers!

1

Key Takeaways

Corodai has lost investors thousands of dollars
Corodai website owner is anonymous
Vague terms of service
2

Is Corodai Regulated? Do They Have a License?

The lack of regulation or the presence of poor regulation is a huge red flag. It means Corodai is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of Corodai, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:

  • Does the investment provider maintain transparency about its CEO?
  • Do they have a license from a renowned regulatory authority?
  • If the need arises, can I reach out to an authority to report this company as a scam?

3

Trading Conditions and Deposit/Withdrawal Methods at Corodai

However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:

  • A technical error
  • A glitch in their system
  • Banking issues
  • A “hacking attack”

And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.

4

Corodai Customer Service: Do They Handle Complaints Well?

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

Join The Whistleblower Program

If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.

5

Corodai Reviews: What Do Others Say?

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like Corodai tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust Corodai reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Corodai, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like Corodai enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “Corodai reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Corodai.

Corodai reviews coverage


You should always look out for consumer complaints. In the case of Corodai, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees and charges
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about Corodai? You can share your complaint in the comment section or submit an anonymous tip.

6

Is Corodai Legit Or Scam?

Corodai is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Corodai can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust Corodai?

All the evidence suggests that Corodai is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

7

Frequently Asked Questions

Is Corodai a scam?

According to the online reviews of this company, it’s highly probable that Corodai is a scam. You should exercise caution when dealing with them.

Can I withdraw money from Corodai?

Yes, you can withdraw your funds from Corodai by getting in touch with one our experts. Get your money back immediately.

Where is Corodai Located?

There is no information available on the location of Corodai.

How do I get my money back from Corodai?

To get your money back from Corodai, you can file a chargeback. Learn more here.
8

How The Corodai Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

Get Your Money Back Free consultation
If you’ve lost money with Corodai, we can help you get your funds back. Schedule a free consultation with our team of experts and we will have a look.
An expert will get in touch with you within 48 hours.
Corodai Scam: Scam Or Legit? | Recover Lost Funds
Corodai Scam: Scam Or Legit? | Recover Lost Funds

We will be happy to hear your thoughts

Leave a reply

Don't Let The Scammers Win!

If you are a victim of any online scam, reach out to our team of experts using the button below.
We will provide an expert consultation free of charge.
Intelligence Commissioner
Logo