Telumex has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Wortexeo. We’ve received over 3 complaints against Telumex.
Telumex is a cryptocurrency fraud website that deceives investors. The site scams users with phony ICOs, pyramid schemes, and phishing. Operators mislead customers into bitcoin investments with huge returns and unique investment options, resulting in financial losses. You must realize that Telumex is not a reputable Bitcoin trading or investing site. To prevent fraud, users should be cautious while using the site and check Bitcoin chances with reliable sources.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Telumex Regulated? Do They Have a License?
Apart from the promotional movies it posts on its website, the claimed cryptocurrency corporation Telumex does not have any significant internet presence or documentation. Its legitimacy is called into serious question because there is no credible information offered.
It is also a visible warning indication that con artists who use phony celebrity endorsements are trying to defraud people. When it comes to cryptocurrency promotions that include celebrities, it is of the utmost importance to independently check the integrity of the campaign by contacting the celebrities’ official channels or agents.
Fraudulent conduct is further indicated by the recent registration of the Telumex domain name, as well as the chance that it will be abandoned in a short amount of time. The essence of frauds such as Telumex, which is clandestine and ephemeral, stands in stark contrast to the fact that legitimate firms often develop a substantial internet presence with clear information.
Employing a healthy dose of skepticism and doing exhaustive research before to interacting with any cryptocurrency platform or investment opportunity is a prudent way to protect yourself from falling prey to scams of this kind. To mitigate the risk of financial loss and fraud, it is advised to look for reliable sources of information and independently check the validity of the firm.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Telumex is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Telumex, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Telumex
This deposit requirement deceives innocent users into making legitimate Bitcoin payments, which the con artists then take. There is no such thing as the Telumex platform or the alleged celebrity cryptocurrency giveaway.
There is no such thing as the fake Telumex platform or cryptocurrency giveaway. The website is a phony front for a trade designed to take money out of the pockets of con artists. Once victims accumulate a certain amount of money, the site vanishes and they are unable to get their money back.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Telumex Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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Telumex Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Telumex tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Telumex reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of KEYW, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Telumex enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Telumex reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Telumex.
You should always look out for consumer complaints. In the case of Telumex, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Telumex? You can share your complaint in the comment section or submit an anonymous tip.
Is Telumex Legit Or a Scam?
Telumex is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Telumex can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Telumex?
All the evidence suggests that Telumex is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Telumex a scam?
Can I withdraw money from Telumex?
Where is Telumex Located?
How do I get my money back from?
How The Telumex Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
