Celebrity Ads Promote Investment Scam

This European investment scam, promoted with online ads featuring Hugh Jackman and other celebrities, has already reached Australia, so U.S. investors and their advisers should take note. Forewarned is forearmed.

From The Guardian’s report:

British and Australian victims of a sophisticated enterprise were apparently lured by fake ads posted on Facebook and mobile phone games featuring celebrities such as Gordon Ramsay, Hugh Jackman and the moneysaving expert Martin Lewis. 

After responding to the ads, the whistleblower alleges that unsuspecting victims were contacted by call-centre workers operating in a building in the heart of Kyiv’s business district, promising lucrative investment opportunities.

But the investments in bitcoin, commodities and foreign currencies all appear to be fake, as do the follow-up calls from companies telling victims that they could help them recover the losses.

P.S. Martin Lewis, the money expert, just issued a timely tip: In this year of coronavirus, vacationers really need travel insurance.