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German entrepreneur, scam consultant, and money-launderer Stephan Welk arrested for fraud

Until recently, the German Dr. Stephan Welk was a busy entrepreneur and diplomat. But with his arrest at the end of August 2019, his activities were at least interrupted. The public prosecutor’s office in Munich accuses him and other persons of fraud on the basis of his being a diplomat. Welk and his accomplices are accused of having defrauded a Bavarian meat wholesaler. For an amount of 1.5 million euros, they would also have wanted to get him a diplomatic passport. Allegedly the meat wholesaler actually paid €800,000 into an account in Dubai before he became suspicious and filed a complaint. FinTelegram has already reported about Stephan Welk in the past.

Boris Becker and the diplomatic passport

According to a report in the German magazine SPIEGEL, Stephan Welk has already completed two prison terms. He was sentenced to four years imprisonment for fraud in Germany in 2003 and 2009. Stephan Welk became known to a wider public in 2018 when he allegedly sold a diplomatic passport of the Central African Republic to former German tennis star Boris Becker.

Stephan Welk and Boris Becker
Stefan Welk (left) with Boris Becker (right) and an African diplomat

Becker and Welk announced his new diplomatic status via Twitter in April 2018. With this, he allegedly wanted to buy himself immunity because insolvency proceedings had been opened against him in London, UK.

Consultant of Krypto Scams

Welk is also a well-known figure in the world of crypto people, scammers and money launderers. He has made his experience and his diplomatic network available to the crypto-MLM scheme Nexus Global of the well-known scammers Christian Michel Scheibener and Michael Thomale, for example.

Welk was listed in the prospectus of NEXUS GLOBAL as a member of management (our reports here).

However, Welk was also associated with other crypto-scams. Among other things, according to the notorious Gerlach Report, he is said to have provided the missing crypto queen and OneCoin founder Dr. Ruja Ignatova with a new identity including passport. Welk is also associated with the Austrian Optioment cam by Cointed founder Christopher Rieder.

Advisor to the crypto startup BTC Management

In 2017 and 2018, Stephan Welk was also heavily involved in the then-booming crypto sector. He helped a lot of people to exchange their black money in Bitcoins and thus to evade taxes and the authorities. FinTelegram was allowed to witness such a transaction and has reported accordingly. We even phoned Welk in Dubai and asked him to help us with a million dollar transaction with Bitcoins. He offered his support.

During this time Welk was also the consultant of the Viennese crypto startup BTC Management GmbH of Michael Preiss and Karsten Meissner. Co-founder of the company was the Austrian Stefan Gärtner, at that time also massively involved in crypto-mining. Before founding his BTC Management, Preiss worked for the German master scammer and MLM artist Michael “Michi” Sander, among others.

Michael PreissDuring this time Welk was also the consultant of the Viennese crypto startup BTC Management GmbH of Michael Preiss and Karsten Meissner. Co-founder of the company was the Austrian Stefan Gärtner, at that time also massively involved in crypto-mining. Before founding his BTC Management, Preiss worked for the German master scammer and MLM artist Michael “Michi” Sander, among others.

According to his website www.btcmanagement.at, BTC Management is the operator of more than 100 Bitcoin machines. The company wants to become the largest contact point in Europe when changing from FIAT to Crypto, according to the ambitious mission. Together with his partner Roman Haidinger, Preiss is also involved with Brain Shoes AG.

Today, Michael Preiss understandably distances himself both from Stephan Welk who (a) was not a business partner and with whom (b) he had no contact for a year and a half. He also distances himself from Michi Sander, whom he considers a big crook. Interestingly enough, BTC Management co-founder Stefan Gärtner, in turn, distances himself from Michael Preiss.

Many crypto-schemes live from laundering investors’ money and making it disappear. Welk has provided his diplomatic post to transport the cash. Just as in the now high profile fraud case in Germany that led to Welk’s arrest, Dubai was central to Welk’s crypto-money laundering. The Welk Case before the Courts in Germany will hopefully reveal the full scope of Welk’s involvement in MLM and crypto-scams.

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