Libra markets Scam

Libra Markets appear to be using Martin Lewis as though he was endorsing them as 'Almost guaranteed get rich quick'  crypto currency investment brokers.
This appeared On-line in an a very convincing advert.
I personally didn't believe that this was genuine and Martin Lewis would never make such an endorsement.
I had already invested £200  - the minimum amount and have since lost everything.
They gave very bad advice trying to encourage me to take a very large loan so they could invest in the same on my behalf.
i am not an investment expert but with hindsight would not trust or believe Libra Markets.
i'm wondering if some how they could publicly shamed and discredited so as to advise the public not to trust or believe them via Martin Lewis' website.

Comments

  • Hasbeen
    Hasbeen Posts: 4,404 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 15 July 2020 at 6:30PM
    Libra Markets appear to be using Martin Lewis as though he was endorsing them as 'Almost guaranteed get rich quick'  crypto currency investment brokers.
    This appeared On-line in an a very convincing advert.
    I personally didn't believe that this was genuine and Martin Lewis would never make such an endorsement.
    I had already invested £200  - the minimum amount and have since lost everything.
    They gave very bad advice trying to encourage me to take a very large loan so they could invest in the same on my behalf.
    i am not an investment expert but with hindsight would not trust or believe Libra Markets.
    i'm wondering if some how they could publicly shamed and discredited so as to advise the public not to trust or believe them via Martin Lewis' website.
    So you want to start a campaign here? It is well known that certain names appear to be used in obviously dubious practices.

    Bitcoins etc as this example: https://blog.moneysavingexpert.com/2018/03/martin-lewis-spread-word-dont-believe-scam-bitcoin-code-bitcoin-trading-ads/

    So spread the word as advised.  

    Unfortunately it is usually foolish people who fall for these obvious scams and lost their money, only come on this site after the fact. Then its to late to warn/advise?

    These people do not even attempt to do even cursory checks on who they are handing their money to? For example below.

    https://www.fca.org.uk/news/warnings/libra-markets

    https://www.forexbrokerz.com/brokers/libra-markets-review

    The more money wise would not require any warnings, so would not come here for advice in the first place?


    The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon
  • soolin
    soolin Posts: 73,877 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Libra Markets appear to be using Martin Lewis as though he was endorsing them as 'Almost guaranteed get rich quick'  crypto currency investment brokers.
    This appeared On-line in an a very convincing advert.
    I personally didn't believe that this was genuine and Martin Lewis would never make such an endorsement.
    I had already invested £200  - the minimum amount and have since lost everything.
    They gave very bad advice trying to encourage me to take a very large loan so they could invest in the same on my behalf.
    i am not an investment expert but with hindsight would not trust or believe Libra Markets.
    i'm wondering if some how they could publicly shamed and discredited so as to advise the public not to trust or believe them via Martin Lewis' website.
    Unfortunately the sort of person who believes that a ‘celebrity’ is endorsing a get rich quick scam is not going to be looking to read warnings. The warnings are all there, no one can be forced to read them and if a current google search brings up these warnings on the first page and people ignore them then adding more isn’t going to help. 

    Social media is full of ‘celebrities’ endorsing diet drinks, dodgy weight loss pills, money making schemes etc as fast as they are closed down the faster new ones start up. 
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
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