Aug 12, · There have been reports that Martin Lewis bought £’s worth of cryptocurrency – Bitcoin, Ethereum and Litecoin. Similar reports have also suggested that Martin has made considerable amounts of money off these investments and seems to be . Bitcoin Trade Martin Lewis Bitcoin Trader And Fake News, Bitcoin Trading Scams Evolving! May 3, by Patrick Jones 0 Comments Scams like the Bitcoin Trader, Bitcoin Loophole, and Bitcoin Code are very quickly evolving to be the preferred get-rich-quick crypto schemes among advertisers and affiliate networks. When I saw Bitcoin’s value plateau in December I used some Bitcoin to buy some Ethereum within the app. I was charged for taking money out of Bitcoin, and again, for using it to buy Ethereum. Coinbase can also be expensive when withdrawing money – see my colleague Callum’s blog on how to withdraw money from Coinbase.
Martin lewis bitcoin traderBitcoin Trade Martin Lewis | Binary Scam Alerts
However, this does not mean the scams will stop. Instead, the advertisers will purchase media ads with other companies and spammers will become more in demand. In our original Bitcoin Trader review, our staff has identified and exposed the scam websites and tactics utilized by the scammers and we shall go one by one and explain how the scams operate and what to avoid.
The Bait Here we see a banner advertisement illegally using the image and reputation of a well-known UK site owner named Martin Lewis. His site offers money saving tips and ideas and apparently he is well known and recognized. The scammers recognized this and immediately went to work.
It contains fake news and extremely misleading information about how to generate a second income. You can clearly see they are also using a page with the UK Mirror logo, which just ads another layer of deceptiveness. In his website it says he is suing Facebook for letting scammers use his name and reputation without consent. Ironically, since this latest development was unleashed on the internet Mr. So in a way, he should be thanking the scammers for generating much interest around his business and producing more visitors to his service instead of suing them.
In this case we see it in a fake health news site which is using cloaking and phishing techniques in order to bait unsuspecting victims. Spoon-Feeding Tactics As you scroll down it is plain to see the Step 1, 2, and 3 which are being spoon-fed to viewers as they continue engaging in the content. In reality, when they fill out their details they are signing up for a broker, now in most cases this is not even mentioned anywhere as people get cold feet when they understand they are being persuaded to join a Forex or CFD broker.
Well, FTO Capital is one example of how brokers integrate with get-rich-quick crypto scams. The Complicit Broker and the Revenue Share Scheme It is plain to see in the image above that the brokers are the clients and the marketers i. That is how the system works and why get rich quick scams like the Ethereum Code attract many viewers.
High Profile Public Figures Marketers have taken a more brazen approach recently and are now showing total disrespect for well-known and reputable public figures. In the image below we can clearly see how a big media campaign using native ads has used and abused the name and reputation of Jon Key who is the former Prime Minister of New Zealand. Copy and Paste Using variations of the same design in order to attract a larger audience is not a new phenomenon.
Since then, the finance journalist has appeared on a number of different TV shows as a money expert. We decided to look further into his investments and endorsements of cryptocurrency to establish whether these claims are in fact true.
Soon his expert saving advice was shared across the media and on social networks around the world. His website has won a variety of different awards. Martin grew steadily in popularity and was soon invited to appear on many different talk shows to offer his expert financial advice. Lewis has been on many daytime TV shows and he has even founded his own.
He has also regularly featured on It Pays to Watch! It has been reported that Lewis sold MoneySavingExpert. Similar reports have also suggested that Martin has made considerable amounts of money off these investments and seems to be pleased with the way cryptocurrency has been paying off.
Unfortunately, we cannot confirm that these claims are true, since Lewis has publicly denounced such reports and has even taken to Twitter to express his disappointment with the inaccuracy of these reports.
Lewis has expressed that he has had his likeness used by scammers for fake Bitcoin adverts. Affiliate marketers usually use this tactic to generate more views or get more traffic to a particular website. Celebrities are usually prime targets for these types of scams as they have a huge following and any affiliation would increase the credibility of a product or service.
Bitcoin has grown in popularity since it was launched in