Google are your enemy. I've said this before many times. It boggles my mind people still trust a company which has proven consistently and repeatedly to be corrupt to the core.
Google don't care. You think a multi-billion dollar company like Google can't hire a couple of people on minimum wage to check the authenticity of ads which are submitted? Of course they could, they just don't care. Google are not your friend. They don't care about you, your data, your coins, your privacy, your security, your computer, your phone, your life, anything. They care about money. If a scammer is willing to pay money to advertise their scam, Google are quite happy to accept. If a scammer is willing to pay money to have their malware infected app listed on the Play Store, Google are quite happy to accept. As long as they make a profit, they don't care in the slightest if people lose their life savings to a scam ad they are showing.
This has been going on for years. Google have proven time and time again they are quite happy for users to have their lives ruined as long as they keep making those sweet, sweet profits. Still using Google products or trusting Google with anything is pretty much Stockholm Syndrome as this point.
People need to stop using Google products. I've long been anti-Google since it invades every inch of your privacy, tracks literally everything you do, builds a massive profile on you, and sells that data to third parties, advertisers, governments, etc. However, as time goes on, it becomes more and more clear that using Google isn't just a massive privacy risk, but a massive security risk too. They put ads to scams and phishing sites at the top of their search results, they do zero due diligence in to what shows up on the Play Store and frequently host and promote scam apps like this one, they leak data, their cloud storage is hacked repeatedly, they store passwords in plain text, the list goes on. If you care at all about either your privacy or your security, stop using all Google products.
Google doesn't care about you, like, at all. The sooner people realize that the better. Every Google product that exists - search engine, email, maps, Chrome, etc. - exists to harvest your data and make money from it. Why do you think they offer you all these services for free? Your data is the most valuable asset you own, and then can make a lot of profit from selling it.
Google are primarily a data harvester. They don't care if their app store is filled with scams, if their extension store is filled with scams, if their search engine returns scam sites. In fact, they will happily accept money from scammers to place adverts for said scams at the top of your results page. They don't care if you get scammed, as long as they can get your data.