Money Saving Expert Martin Lewis has issued a warning about a scam which involves an endorsement using a photo of him.
The sponsored post which appears on social media channels is from "Loyola University Chicago Quinlan School of Business".
The post is captioned: "Incredibly, only 3.72% of Britons have used it! No previous experience is required.
"MartIn is calls on everyone to seize this opportunity as soon as possible!"
No its a scam run by criminals. Don't go near it! https://t.co/VPM2APYhVh
— Martin Lewis (@MartinSLewis) June 26, 2023
Matin Lewis warns of new scam involving photo of him
There is a photo of Lewis outlining the profit you could make from this "investment".
It says: "An investment of £250 brings over £27,720 monthly."
One Twitter follower brought the scam to Lewis' attention saying in a post: "Hi @MartinSLewis you endorsing this? I have come across a few adverts very similar to this with you name plastered all over it. @MSE_Deals @MoneySavingExp #martinlewis."
Lewis said it wasn't him, it was a scam and warned people to avoid any similar posts.
Responding on Twitter, he said: "No its a scam run by criminals. Don't go near it!"
Martin Lewis has sued Facebook in the past due to concerns about scam adverts on the social media platform. (Image: PA)
Lewis has sued Facebook in the past due to scams like this one.
Martin Lewis concerned about AI and scams
Another user commenting on Lewis' posts about the scam said: "I bet you're worried that the future AI deep fake ads of you endorsing them."
To which the Money Saving Expert founder simply said: "i am."
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