Tag: Google UK

Our FinTelegram team has been focusing on fraudulent marketing campaigns on Google and social media to chase victims for broker scams for several weeks. Google UK & Ireland has tightened the conditions for placing financial ads since August 2021, but these conditions do not apply in the EU. Google is cashing in with scams. We have established that fake publishers in Russia are advertising fraudulent crypto campaigns on Google. The search giant doesn't care about regulatory warnings. We call this 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.

We are currently focusing on scam facilitating marketing activities via Google and social media. Currently, warnings from financial market regulators against illegal crypto platforms are literally exploding. FinTelegram has already outlined many times that fraudulent crypto campaigns like Bitcoin Prime are used to trap victims for broker scams. To this end, fake review sites promote fraudulent crypto trading robots with the best ratings and reviews. Here is a list of fake crypto review sites.