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Martin Lewis warns scammers are using his identity to sell schemes

Lewis-Martin-2012-700x450.jpgConsumer champion Martin Lewis has published a passionate warning about scam advertisements using his identity to endorse investment and insurance schemes.

Lewis, founder of Money Saving Expert, has posted a video denouncing a cloud-based trading scheme that claims he invested £500,000 in it.

He says in the video: “It is a con, it is a scam. It is about binary trading. It is a brilliant way to lose money. Do not touch it, do not sniff it, do not smell it, do not go near it, it has nothing to do with me.”

The FCA said this month that UK consumers are increasingly being targeted by binary options investment scams.

The regulator warns that binary options traders often advertise on social media. The firms claim to have a UK presence but tend to be based outside the UK. The FCA says scam firms might manipulate software to distort prices and payouts and then close consumers’ trading accounts, refusing to pay back their money.

Lewis says there are also sites that use his picture alongside boiler cover incentives, heating incentives or payment protection insurance companies.

He says in the video: “I never do Facebook adverts. If you see them they are not true. If I ever did allow my name to be given for something it would usually be a charity and I would always insist that there was a link back to an article on Money Saving Expert that explained it. If you do not see that, don’t trust it, it isn’t true.”

He adds: “Anyone who knocks on your door saying they represent me or this site is a liar. Anyone who calls you up trying to sell you something saying they represent me or this site is a liar. Any adverts on Facebook with my picture on saying I recommend it is almost certainly a liar.”


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There are 2 comments at the moment, we would love to hear your opinion too.

  1. All my life I worked hard and never stopped, the aim at the end was to retire and rest during my old age. A family friend of mine introduced me to GT0ptions was so glad thinking that this way I could at least have my money work for me, the broker sounded so nice and helpful , on the other hand I was so gullible and kept investing more and more into Gt0ptions before I would know it my investment would total 410,000Gbp and then on my trading platform could visibly see that I had made an extreme profit of almost 390,000GBP, it was a thing of joy soon turned out to be my worst nightmare as I couldn’t withdraw any part of this funds. I tried to speak to the broker who helped me but at this point he was nowhere to be found, even tried the police but was told they could be of no help, even tried to get a lawyer but was told my chances were slim to none of recovering my funds back it was the worst time of my life mostly in my old age. sorry to bore you with my experience but I came across Geminihacks (dot) (com) they claimed to be able to help me recover all of my funds back , was so sceptical having experienced the heartlessness of mankind by Gt0ptionsbut decided to give it a try and whoever is reading this I got my funds plus profits made back from GT0ptions. If you’re out there and have lost money to any of this scam binary options investment brokers do contact Geminihacks (dot) (com) they will help you get your money back Good luck and thanks for letting me share my experience..

  2. Hello everyone, i would like to share my experience with you all, I lost over 100k to all these fake so called BO merchants , after several attempts in trying to recover my money all efforts failed, i was looking through the page of the internet then i saw AssetBinaryRecovery (dot)com they were recommended as a good and reputable company so i reach out to them, to my surprise i was able to to recover all my funds , if you have fallen victim to any of all these fake so called schemes and you have lost your hard earned money you should reach out to AssetBinaryRecovery(dot)com

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