Martin Lewis certainly is on social media a lot this week:
As you can see Martin is in a sponsored set of adverts explaining that he did not realise the microphone was still on whilst in the middle of an interview, which sounds like an unusual situation as they wouldn't normally turn a microphone off during an interview. In the second advert we are being encouraged to 'enrol now' before it is too late! FaceBook are placing adverts with a face they are quite capable of identifying which disseminate fraud?? Are they really that desperate? You would've thought that for every victim they entrap, they would lose at least one-hundred readers, but that does not seem to bother them.
Once you click on these adverts you are taken through to the advertising website below:
The webpage is designed to look like a news article from Yahoo Finance, but it appears to be a promotional piece for a trading platform called "Capstone."
Key Points:
Martin Lewis Endorsement (Fake): The article claims that Martin Lewis, a well-known UK financial expert, has invested heavily in and is promoting Capstone, an automated trading platform for digital currencies. This kind of endorsement is often used in scams and should be verified independently.
Automated Trading: The platform supposedly allows users with no experience to profit from cryptocurrency trading through an automated system. Users deposit a minimum of £200, and the platform's algorithm handles the buying and selling.
Sky News Appearance (Unverified): It mentions Lewis revealing this on "Sky News" and even having a presenter make a live deposit, which would be unusual for a legitimate news segment.
Claims of High Profits: The article includes testimonials and claims of substantial profits within short periods, which is typical of get-rich-quick schemes.
Limited Availability: It suggests limited availability and encourages readers to sign up quickly through a quiz and form.
Call to Action: The page pushes users to click through and create a Capstone account.
In essence, the webpage uses a news-like format and a fake celebrity endorsement to promote a potentially risky trading platform.
Everything about that page screams "fake." The hallmarks of a scam are all there:
- False Celebrity Endorsement: Using Martin Lewis's name to give credibility. He's very active in warning against these kinds of scams.
- Unrealistic Profit Claims: Promising huge returns in short periods with little to no risk.
- Sense of Urgency/Scarcity: The "limited invitations" and pressure to sign up quickly.
- Generic "News" Format: Trying to mimic a legitimate news site to appear trustworthy.
- Testimonials That Sound Too Good To Be True: The overly enthusiastic and dramatic success stories
It's crucial to approach such claims with extreme skepticism and conduct thorough research before investing any money.