Who Is Dr. Stephan WELK?
That question yields different answers depending on whom you ask or where you look. Over the past weeks, our research has uncovered a complex portrait of Dr. Stephan WELK, a German figure now active in the crypto-MLM scene through his role in NEXUS GLOBAL. His involvement adds depth to the project—and controversy—by linking it to far-right political circles in Germany. So, who exactly is Dr. WELK?
1. The Diplomatic Persona
According to Wikipedia, Stephan WELK is described as a “German business economist and diplomat.” The entry notes his diplomatic affiliations with African nations, including São Tomé and Príncipe (since 2015) and the Central African Republic (since February 2018).
While the page is professionally written and presents an image of prestige, it curiously omits WELK’s crypto activities and links to politically charged media (more on that below). Perhaps those edits are overdue.
2. A Former Real Estate Scheme Executive
In the early 2000s, WELK served on the board of Zeder und Euro AG, a German real estate company. A report by Stiftung Warentest, Germany’s leading consumer watchdog, stated that WELK was arrested in connection with an alleged real estate Ponzi scheme (source).
Further media reports alleged that Zeder AG and its leadership were also being investigated for corruption involving nonprofit organizations. Although this occurred decades ago, the incident left a lasting mark on his reputation.
3. Ties to Far-Right Media in Germany
According to the German media journal journalist, WELK holds shares in Aduno Beratungsagentur GmbH, the controlling stakeholder of Popularen Network GmbH. This company runs the “Depeschen” websites—controversial digital outlets accused of spreading fake news and supporting far-right ideologies, including Neo-Nazi content.
The Depeschen platforms have been accused of fabricating articles, manipulating public opinion, and covertly promoting affiliated businesses and political narratives. Reports also suggest they are under scrutiny by Germany’s Federal Office for the Protection of the Constitution.
WELK’s business associate Kai DOMSGEN, also a diplomat of São Tomé and Príncipe, has connections to other failed investment ventures. Given these ties, it is unsurprising that several favorable articles about WELK appeared across Depeschen sites such as Saar Depesche, Sachsen Depesche, and Hessen Depesche—all part of the same network.
4. The Crypto Strategist at NEXUS GLOBAL
In the world of NEXUS GLOBAL, Stephan WELK plays a key operational role. He is said to be responsible for payment handling and Bitcoin logistics, reportedly leveraging his diplomatic ties to facilitate cash flows and crypto conversions.
The NEXUS GLOBAL initiative is driven by three German nationals: Christian Michel SCHEIBENER, Michael THOMALE, and Stephan WELK. The venture has links to VELTYCO GROUP PLC, specifically via Varkasso, a subsidiary that provides the 8Crypt wallet technology used for payments and settlements.
Notably, VELTYCO, largely shaped by German entrepreneur Uwe LENHOFF, has seen its projects—like Esports.com—promoted extensively by the Depeschen media network associated with WELK.
Example: One such promotional piece was authored by Robin Classen, a known member of Germany’s far-right AfD party, encouraging investment in the Esports.com ICO.
Even today, NEXUS GLOBAL marketing materials cite the Esports.com ICO as a key investment opportunity. Although the scheme claims Hong Kong as its official base, most operations and personnel appear to be based in Germany, with Dubai reportedly acting as a major logistics hub.
“We are acting worldwide on every continent. We are really looking forward to work with you!”
— Official NEXUS GLOBAL Facebook
A Man of Many Roles—and Protections
With diplomatic status, business experience, and media influence, Stephan WELK operates across sectors and borders. His pivot to blockchain and crypto through NEXUS GLOBAL appears to be a deliberate strategy to leverage this global network under a new digital investment brand.
Whether seen as a savvy strategist, controversial businessman, or political influencer, WELK’s growing footprint in the crypto world deserves closer public and regulatory scrutiny.