The fraudulent Bitcoin Evolution campaign promoted the broker scam ErfolgreichFX. It is unbelievable that Google still allows the advertising of these fraudulent crypto campaigns. Today, Wealth Info (https://wealth-info.com) promoted Bitcoin Evolution via its fake rating site. From there, potential victims are redirected to a website connected with the Domain https://automaticinvestmentreviews.com for registration. Upon registration, one is then directed directly to the payment page of ErfolgreichFX. Stay far away.
The Peninsula Clarion claims to be the only comprehensive source of news and information for Alaska's central Kenai Peninsula. Sound Publishing Inc. in Washington State, operates Peninsula Clarion, which today promotes the notorious crypto fraud campaign Bitcoin Revolution. Well, to be honest, Google Search, too, sells its online ad spaces to the scammers promoting this fraud campaign. Anyone typing Bitcoin Revolution into the Google search engine gets four Google Ads as well as a prompt to read Peninsula Clarion.
We started last week with the Russian Google Game series detailing how operators of fraudulent crypto marketing campaigns run ads on Google search engine pages via fake publishers in Russia. While Google UK & Ireland tightened the rules for placing financial ads in August 2021, making it harder for scammers and their marketing agencies to get in, Google continues to allow scammers to chase consumers in the EU despite regulatory warnings. Here's another update on the Russian Google Game.
FinTelegram has focused on fighting fraudulent marketing campaigns in the crypto space in recent weeks that are used to trap victims for illegally operating brokers. Google UK & Ireland has already shut down the promotion of such campaigns by tightening the condition of financial ads. Last week, the German BaFin issued a Cease and Desist Order against Bitcoin Revolution. Today, the Spanish CNMV issued a warning against Bitcoin Evolution. It's going in the right direction, but it's not enough.
FinTelegram has repeatedly warned against the fraudulent crypto trading bots like Bitcoin Prime, Bitcoin Evolution, or Bitcoin Revolution and the marketing campaigns associated with them. The truth is that these crypto trading bots don't even exist. They are fake constructions and the only real thing about them are the brands developed by the scammers and their marketing agencies with the aim of chasing clients for illegal brokers. Today, BaFin has issued a Cease-and-Desist Order against Bitcoin Revolution today. Finally!