Cryptocurrency social media ad scam warning

Fraud
(Last Updated On: April 13, 2018)

People are being advised to be aware that fraudsters are dishonestly using the image of Martin Lewis of Moneysavingexpert.com to endorse their companies offering cryptocurrency investments.

The adverts, which have been published on social media and  websites are using Martin Lewis’ image along with fake quotes such as “New Bitcoin program could help Brits save £10,000 a month” to promote illicit schemes which encourage people to invest in digital currencies.

Martin Lewis said on his website: “The latest Facebook ad plague with me in is the ‘Bitcoin Code’ or ‘Bitcoin Trader’ scam, which lies saying I suggest investing in it. In fact they’re not even about Bitcoin (see my real view on Bitcoin), but about binary trading, something no one should touch with a bargepole,”

He added: “I don’t do adverts. If you ever see one with my face or name on it, it is without my permission, and usually a scam”.

You can visit the websites: Take Five (takefive-stopfraud.org.uk/advice/) and Cyber Aware (cyberaware.gov.uk) for more information about how to protect yourself online.

You can join us on our social media pages, follow us on Facebook or Twitter and keep up to date with whats going on in South Devon.

Got a news story, blog or press release that you’d like to share or want to advertise with us? Contact us

(Author)

Team account for We Are South Devon.