RATE Group | Bitcoin Scam Ads Featuring Martin Lewis Now Spotted on Instagram
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Bitcoin Scam Ads Featuring Martin Lewis Now Spotted on Instagram

07 Jan Bitcoin Scam Ads Featuring Martin Lewis Now Spotted on Instagram

Posted at 15:34h in Bitcoin News by

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Bitcoin (BTC) scam ads featuring the likeness of Martin Lewis have continued to appear on social media despite Lewis’ previous efforts to prevent such illegal practices.

After the British financial expert settled a defamation lawsuit against Facebook for showing unendorsed fake Lewis crypto ads in 2019, new scam adverts have now been spotted on Facebook-owned Instagram.

Reported by Twitter user @peterfinn5252 on Jan. 7, the scam Instagram ad shows Lewis’ face to promote a fake article pretending to be published by major British national daily tabloid The Mirror. 

The fake article is titled “Martin Lewis Lends a Hand to British Families with Revolutionary Bitcoin Home Based Opportunity” and has already been red-flagged as it contains another crypto investment scam scheme.

Following the new scam alert, Lewis retweeted the post on Jan. 7 to warn users about the scam.

Fake Martin Lewis Bitcoin Scam Ad on Instagram. Source: Twitter

Fake Martin Lewis Bitcoin Scam Ad on Instagram. Source: Twitter

Lewis launched High Court proceedings against…

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