RATE Group | Martin Lewis: Fake bitcoin ads on Facebook are destroying lives
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Martin Lewis: Fake bitcoin ads on Facebook are destroying lives

Martin Lewis: Fake bitcoin ads on Facebook are destroying lives

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Business Insider

Fake Facebook ads for bitcoin and other get-rich-quick schemes are destroying people’s lives.

That’s according to Martin Lewis, the millionaire consumer advice expert who is suing Facebook for defamation over fraudulent adverts bearing his name. Lewis runs MoneySavingExpert.com, a trusted source of consumer advice in Britain, which attracts 15 million users a month.

He launched a lawsuit in April 2018, claiming scammers are using his trusted reputation to ensnare people into bitcoin and Cloud Trader “get-rich-quick schemes” on Facebook.

The MoneySavingExpert.com founder remains locked in talks with Facebook executives as the two parties discuss an out-of-court settlement. If it does go to court and Lewis is successful, he will donate any damages he is awarded to charity. His campaign earnt him a place in Busines Insider’s UK Tech 100, an annual ranking of the coolest people in the…

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