False Martin Lewis Bitcoin scam tag couple £80,000

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False Martin Lewis Bitcoin scam tag couple £80,000

False Martin Lewis Bitcoin scam tag couple £80,000

Morning Stay: Pensioner remembers shedding his savings to Bitcoin scam

An elderly couple salvage misplaced their £80,000 lifestyles savings after being conned by a fraudster after seeing a counterfeit advert that falsely claimed he became endorsed by client champion Martin Lewis.

The pair, both 78, dispute they were prompt by their legend holder Revolut to “exhaust a foodbank” after they tried to dispute their money aid.

The unnamed couple were prompt by the scammer that their money might well per chance per chance be invested in bitcoin and he persuaded them to make exhaust of neatly-liked e-money platform Revolut to lead clear of fraud tests.

The Everyday Mail stories that the conman defined suggestions to build up accounts with Wise, Binance and Revolut, which the couple had never heard of, as he defined suggestions to lead clear of triggering fraud prevention processes.

But after they tried to withdraw their money, they were prompt they actually wished to develop additional funds.

READ MORE: Man’s retirement destroyed after shedding ‘lifestyles savings’ to fraudsters

Martin Lewis

The fraudsters claimed they were endorses by Martin Lewis – but that became a lie (Image: PA)

Realising they had been scammed, they prompt their daughter and son-in-legislation, who contacted the banks to legend the fraud.

However the e-money institution’s response additional angered the household, who acknowledged its response incorporated offering hyperlinks to a foodbank net dwelling and Age UK.

The couple, who moved aid to the UK from France a twelve months ago, invested their savings after seeing an advert for Bitcoin online that falsely claimed it became backed by client champion Martin Lewis.

They clicked through and were called by a individual calling himself Michael Hampton, who had a profile online that they thought made him conception be pleased a ‘dynamic global investor’.

He prompt them that their bank, Barclays, would demand the orderly transactions and that the couple might well per chance per chance merely serene reveal them they were planning a broad aquire.


Complaints to Action Fraud about Revolut rose to 7,198 final twelve months (Image: Getty Photos)

The Mail says that Barclays did flag the funds as recurring and called the couple to develop certain that they were blissful to movement the cash.

The scammer then talked them through atmosphere up an legend with Wise, a international trade provider that became essentially based in 2011, so as that they’d per chance merely make investments in Bitcoin.

They sent £10,000 to the legend, which became flagged by Wise and the legend became shut.

The fraudster then talked the pensioners into atmosphere up a Revolut legend, telling them that simplest the main rate might well per chance per chance be flagged on the map.

Over the subsequent few days, the couple made 14 transactions of between £3,000 and £5,000, encouraged at every step by the supposed ‘investment manager’ who called them time and again day after day.


The victims were sent a link by Revolut to a food bank (Image: Stock image/Getty Photos)

The main transaction precipitated a warning message from Revolut, because the scammer acknowledged that it might well per chance per chance, but no longer one among the opposite transactions were challenged.

The pensioners got each day updates on their with regards to £65,000 ‘investment’, which they were prompt had with regards to doubled in tag in accurate four weeks.

But after they tried to withdraw the cash, they were prompt they wished to pay £10,000 for capital positive aspects tax.

They got in contact with Barclays, who prompt the pensioners that because it had warned them in regards to the funds and called them earlier than the cash left their legend it might well per chance per chance no longer refund them the cash they had misplaced.

Revolut first prompt the couple that there had been “no heed” of untrue assignment after which acknowledged they’d no longer reimburse them – they sent a preference of hyperlinks in the hope that “this data helps the distress and crash stable in due direction”.


    The daughter acknowledged: “We were shell jumpy as successfully that my fogeys had been scammed be pleased that.”

    She acknowledged sending a link to a foodbank confirmed Revolut’s lack of ardour and insensitivity.

    She added: “Each person knows about foodbanks, so we didn’t want to conception that as a link from Revolut.”

    The couple salvage taken their case to the monetary ombudsman.

    The Mail says that a director of compliance at a orderly firm claims that Revolut is the “car of assorted” for money launderers and fraudsters.

    Fresh figures for Revolut confirmed the preference of crime stories made to Action Fraud rose to 7,198 final twelve months, up 81 per cent from 2021.

    Revolut provides contemporary legend services and products but is no longer a bank in the UK, even supposing it announced in early March that it might well per chance per chance even be getting its banking licence “imminently”.

    Revolut is price £28bn essentially based totally mostly on its most up-to-date valuation and reported its first income of £26m in February.

    The challenger bank is no longer signed up to the Contingent Reimbursement Mannequin (CRM) in the UK, a voluntary settlement between banks to repay victims of some sorts of fraud.

    A Wise spokesman prompt the Mail: “We are actually sorry to learn of the scam Mr and Mrs Atkins salvage fallen sufferer to. We’re in the purpose out time investigating the case and can merely be in contact with them right this moment referring to updates on the final funds.”

    Gareth Shaw, deputy editor at Martin Lewis’s net dwelling Money Saving Expert.com, acknowledged: “Neither Money Saving Expert nor Martin Lewis ever endorse merchandise or investments.”

    Barclays acknowledged: “Now we salvage every sympathy with our customer who became a sufferer of a posh investment scam.

    “We jog all americans to crash vigilant to untrue investment alternatives. Take into account, if the investment appears too comely to be accurate, it presumably is.”

    A Revolut spokesman acknowledged: “We rob our accountability to give protection to and pork up our customers extremely significantly and salvage made vital investments in our systems, processes and americans to ensure our customers are stable.

    “When making an investment, we jog all americans to rob steps to meet themselves that the person they’re sending money to is legitimate. If in doubt, conception relied on goal monetary advice first.”

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