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Martin Lewis —The Face of Fraudulent Facebook Crypto Ads?

Crypto scams featuring Martin Lewis are on Facebook (NASDAQ:FB). Martin Lewis is a financial journalist and the founder of the MoneySavingExpert. These scams are luring in victims...
Martin Lewis —The Face of Fraudulent Facebook Crypto Ads? © Reuters Martin Lewis —The Face of Fraudulent Facebook Crypto Ads?

  • Crypto scams featuring Martin Lewis are on Facebook (NASDAQ:FB).
  • Martin Lewis is a financial journalist and the founder of the MoneySavingExpert.
  • These scams are luring in victims and getting them to invest in fake crypto programs.

Scams featuring Martin Lewis, the popular British financial advice guru, have been spreading over the internet — again. This time, it’s a crypto scam.

Similar scam adverts had flooded Facebook back in 2018 and Martin Lewis had launched a High Court Legal battle against Facebook. The whole debacle ended in a settlement and Facebook even launched a dedicated tool to report scams.

These scams advertise that people can generate large amounts of money by making small investments while using Facebook adverts for this nefarious scheme. ‘Invest £190 and generate £3400,’ says some of the ads.

What’s worse, the links used in these adverts take users to websites that mimic popular websites such as BBC or Amazon’s Goodreads. Although badly made, these sites resemble the original sites close enough to reel in unsuspecting victims.

Some of the headlines on these fake articles are particularly interesting.“Special Report: Martin Lewis’s Latest Investment Has Experts in Awe And Big Banks Terrified,” reads one of them. The site encourages people to invest their hard-earned money into a fraudulent cryptocurrency auto-trading program called Bitcoin Code. The ads reportedly started appearing on May 4.

“The ads in question were removed by our automated ad review systems prior”, a Meta spokesperson told British online news outlet The Independent. However, it is not clear if all of them have been taken down or for how long they were up.

Moreover, there are phishing emails going around with these links. Just last month, Action Fraud, which is run by the City of London Police, issued the warning on Twitter (NYSE:TWTR). It was posted after the organization received several complaints about the scam emails containing fake news articles.

Martin has always shown deep concern over these issues and earlier this year signed an open letter to Prime Minister Boris Johnson asking to include paid-for scam advertising in the scope of the upcoming Online Safety Bill. It is currently confirmed that paid-for scam adverts would be included in the Government’s Online Safety Bill.

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22-05-2022 02:55:17 (UTC+7)

EUR/USD

1.0562

-0.0024 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/USD

1.0562

-0.0024 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

GBP/USD

1.2489

+0.0029 (+0.23%)

Summary

Neutral

Moving Avg:

Buy (8)

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Indicators:

Buy (2)

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USD/JPY

127.86

+0.07 (+0.05%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

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AUD/USD

0.7039

-0.0008 (-0.11%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

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USD/CAD

1.2839

+0.0014 (+0.11%)

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↑ Buy

Moving Avg:

Buy (11)

Sell (1)

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Buy (5)

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EUR/JPY

135.05

-0.24 (-0.18%)

Summary

Neutral

Moving Avg:

Buy (6)

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Indicators:

Buy (3)

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EUR/CHF

1.0296

-0.0005 (-0.05%)

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Gold Futures

1,845.10

+3.90 (+0.21%)

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Silver Futures

21.765

-0.143 (-0.65%)

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Copper Futures

4.3042

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Crude Oil WTI Futures

110.35

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Brent Oil Futures

112.91

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Natural Gas Futures

8.058

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US Coffee C Futures

216.48

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Euro Stoxx 50

3,657.03

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S&P 500

3,901.36

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DAX

13,981.91

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FTSE 100

7,389.98

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Hang Seng

20,717.24

+596.56 (+2.96%)

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Moving Avg:

Buy (4)

Sell (8)

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Buy (1)

Sell (7)

US Small Cap 2000

1,768.35

-7.87 (-0.44%)

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↑ Buy

Moving Avg:

Buy (7)

Sell (5)

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Sell (1)

IBEX 35

8,484.50

+78.50 (+0.93%)

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Neutral

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Buy (3)

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BASF SE NA O.N.

48.850

-0.010 (-0.02%)

Summary

Buy

Moving Avg:

Buy (6)

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Bayer AG NA

63.74

+0.34 (+0.54%)

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Buy

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Allianz SE VNA O.N.

195.58

+0.78 (+0.40%)

Summary

Buy

Moving Avg:

Buy (6)

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Adidas AG

172.80

+0.92 (+0.54%)

Summary

Buy

Moving Avg:

Buy (6)

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Buy (7)

Sell (1)

Deutsche Lufthansa AG

6.852

+0.049 (+0.72%)

Summary

↑ Sell

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Siemens AG Class N

115.08

+2.62 (+2.33%)

Summary

Neutral

Moving Avg:

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Deutsche Bank AG

9.362

-0.130 (-1.37%)

Summary

Buy

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Sell (1)

 EUR/USD1.0562↑ Buy
 GBP/USD1.2489Neutral
 USD/JPY127.86Neutral
 AUD/USD0.7039Sell
 USD/CAD1.2839↑ Buy
 EUR/JPY135.05Neutral
 EUR/CHF1.0296↑ Buy
 Gold1,845.10↑ Buy
 Silver21.765↑ Sell
 Copper4.3042↑ Buy
 Crude Oil WTI110.35↑ Sell
 Brent Oil112.91↑ Sell
 Natural Gas8.058↑ Sell
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,717.24↑ Sell
 Small Cap 20001,768.35↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,875/ 6,975
(6,875/ 6,975) # 1,795
SJC HCM6,895/ 6,985
(0/ 0) # 1,800
SJC Hanoi6,895/ 6,987
(0/ 0) # 1,802
SJC Danang6,895/ 6,987
(0/ 0) # 1,802
SJC Nhatrang6,895/ 6,987
(0/ 0) # 1,802
SJC Cantho6,895/ 6,987
(0/ 0) # 1,802
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RON 95-V30.58031.190
RON 95-III29.98030.570
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USD23.000,0023.310,00
EUR23.879,5425.217,23
GBP28.128,1029.328,16
JPY176,49186,84
KRW15,8019,26
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