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. Admittedly some are supposedly legit firms bending the rules to imply a link (though do you really trust firms that’d do that anyway?).
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.
The ad looks like this…
Sadly we’ve already heard of people who’ve lost over £20,000 saying: “I only pursued it because I thought it was recommended by Martin.” The thought of that makes me feel physically sick. I’ve spent my career trying to campaign for financial justice and now these b*****ds leach off that trust to rob vulnerable people.
Please help by doing two things (thanks in advance)…
- Spread the word. An easy way is to share this Facebook post or retweet this Twitter post or link to this blog.
- Report the scam. If one pops into your timeline, report it to Facebook (or elsewhere) and post in the comments that “This is a fake ad, Martin Lewis warns against this, do not trust it.”
And yes, it’s been reported to Facebook many times. Yet its systems are abysmal – instead of using image recognition to proactively block, it takes scammers’ money and relies on people reporting them.
PS: Not an ad, but you will occasionally see my pic on other sites, such as Resolver. If so, and it’s approved, I always require they put a link back to where it’s explained on MoneySavingExpert.com.