• Facebook is home to a number of cryptocurrency scams including Martin Lewis.
• Martin Lewis, who is also a financial journalist, founded the MoneySavingExpert.
• They trick victims into investing in fake crypto-programmes.

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 fraud ads were seen on Facebook in 2018. Martin Lewis started a High Court Legal Battle against Facebook. Facebook launched a tool that allows users to report frauds and reached a deal.

Scammers claim that small investments can lead to large profits. They also suggest using Facebook advertisements for the 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. Even though they are poorly designed, the sites look similar enough to attract unsuspecting users.

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. Site encourages visitors to use their hard-earned cash in a fraudulent crypto-auto-trading platform called Code. These ads were allegedly first seen on May 4, according to some reports.

“The ads in question were removed by our automated ad review systems prior”, a Meta spokesperson told British online news outlet The Independent. But it’s not known if every one of these ads has been removed, or how long.

Additionally, phishing emails are being circulated with the links. Action Fraud is a City of London Police-run organization that issued the alert on Twitter last month (NYSE:). After receiving several complaints regarding fake news articles in scam email messages, the company posted it.

We’ve received over 1,000 reports about emails promoting Bitcoin investment schemes claiming to be endorsed by @MartinSLewis

This is fraud

You can report suspicious emails by forwarding them to: report@phishing.gov.uk#PhishyFridays #CyberProtect pic.twitter.com/DfRPEQLn9I

— Action Fraud (@actionfrauduk) April 22, 2022

Martin, who has expressed deep concern about these issues in the past, wrote an open letter earlier this year to Boris Johnson, asking him to include scam advertisements paid for within the online safety bill. It is currently confirmed that paid-for scam adverts would be included in the Government’s Online Safety Bill.

Continue reading on CoinQuora