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Martin Lewis issues urgent scam warning with victims losing £12,000 on average

Document Cited in Related
Vincent
Published date28 June 2022
The scam involves criminals pretending to be celebrities such as the Duke and Duchess of Sussex, Holly Willoughby, and even Lewis himself

As reported by The Telegraph, the scammers use fake endorsements from celebrities such as these in an attempt to lure victims into forking over cash.

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These investment scams are expected to double this year, after already rising more than 60% since last November according to Santander.

With Lewis being a trusted name in the fields of finance and money-saving, many victims have been tricked into giving their money away to the criminals.

One Santander was convinced to give away thousands, and even lie to his bank, due to a phony endorsement by the Money Saving Expert founder

In the first three months of 2022, people lost on average £12,000 through these scams.

Martin Lewis said: "Scammers are sophisticated, clever and psychologically adept. The idea that you're a fool if you fall for them is outdated. I've heard of solicitors...

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