In early May 2022, FinTelegram published a warning against the broker scam Weltex. Today, the German regulator BaFin announces investigations into the scam, which is chasing victims with fraudulent marketing campaigns in English, Spanish, and German languages. For this purpose, the scammers and their marketing companies are once again placing Google Ads. We do not understand why Google still accepts such scam ads. The Austrian regulator FMA issued a warning against Weltex a few days ago. Stay Far Away, keep your money safe!
Key data
| Trading name | Weltex |
| Domain | https://weltex.co |
| Legal entity | not disclosed |
| Jurisdiction | not disclosed |
| Attacking languages | English, Spanish, German |
| Payment options | crypto only |
| Facilitators | Google TechmarketingKoala (https://techmarketingkoala.com) |
| Warnings | BaFin, FMA |
Weltex operates without a FIAT payment option and accepts deposits via cryptos only. This is to prevent people from following the money trail to the scammers.
Fraudulent marketing campaigns like Bitcoin Revolution, Bitcoin Profit, or 1k Daily Profits are constantly hunting for new victims for broker scams. It is completely incomprehensible why Google still allows ads to be displayed for these fraudulent campaigns. Google is to be seen as a facilitator for the scams.
Share information
If you have information about Weltex, its operators, and facilitators, please share it with us through our whistleblower system, Whistle42.
