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Forensic dossier

Petro (PTR)

PTR · Bolivarian Republic of Venezuela

UtilityTracks the commodity's price in cash — no physical delivery.

What the forensic review found

Marketed as backed by oil, gas, gold and diamonds; no reserve pledge was ever independently verified, and Venezuela's opposition congress said pledging oil reserves was illegal.

This asset was researched forensically under the FORA-01 protocol — a review of issuer terms, custodians, audits, and liabilities — rather than through the whitepaper process.

Primary sources

Research status

Classification: Forensic dossier · Reviewed · The links above are the reviewed evidence.

Machine-readable summary →

👁️ Evidence dossier

Verification classClass DFORA-01 scale — verification, not a quality ranking
Claim type · Cash-settled price exposure · Forensic review
What does the holder own?

Title, redemption claim, fractional ownership, reserve exposure — or just narrative.

Marketed as backed by oil, gas, gold and diamonds; no reserve pledge was ever independently verified, and Venezuela's opposition congress said pledging oil reserves was illegal.

high confidence
Contradicted
Who holds the underlying?

Needs an identifiable custodian or entity — not a wallet address or a label.

No independently verified custodian or reserve inventory was established in the reviewed record.

high confidence
Unverified
How are reserves checked?

Custodian records → inventory → third-party audit → supply reconciliation.

No reserve inventory was ever published and no reserve verification was published; missing proof is UNVERIFIED, not proof of absence.

high confidence
Unverified
How does redemption work?

Eligibility, minimums, fees, KYC, settlement — and what happens to the token.

The marketed promise was commodity redemption; on shutdown (15 January 2024) remaining balances were converted to bolivars - directly conflicting with the promised commodity-delivery path.

high confidence
Contradicted
Who is liable if redemption fails?

A legally accountable entity and jurisdiction — not a DAO label.

The Venezuelan state was the identifiable issuer - and did not honor the advertised commodity promise.

high confidence
Verified

❔ UNVERIFIED means not yet researched — not disproven. Rows marked “researched” were investigated and independent evidence was not found. Coverage expands as FORTUNA verifies. Method: FORA-01 Asset Claim Verification Protocol.

❔ Frequently asked questions

What is Petro (PTR) (PTR)?

Marketed as backed by oil, gas, gold and diamonds; no reserve pledge was ever independently verified, and Venezuela's opposition congress said pledging oil reserves was illegal.

What does the holder own?

Marketed as backed by oil, gas, gold and diamonds; no reserve pledge was ever independently verified, and Venezuela's opposition congress said pledging oil reserves was illegal.

What is Petro (PTR)'s verification status?

Petro (PTR) (PTR) carries verification class D (Class D): the evidence contradicts the claim on at least one question. What would change it: New independent evidence would reopen it, in either direction.

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