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Martin Lewis Is Suing Facebook – Good Luck With That

Martin Lewis we all know as the money saving expert who set up – and made a fortune from – MoneySavingExpert. Which is why various people trying to flog scam cryptocurrencies have been using him to push their wares in Facebook ads. We know of Lewis as being pretty savvy about money so why not try to co-opt his image?

Well, one reason why not is that it will obviously piss him off:

The founder of MoneySavingExpert and well known money saving expert Martin Lewis is to began a lawsuit against Facebook in London’s High Court on Monday.

Lewis said he had taken the decision “to try and stop all the disgusting repeated fake adverts from scammers it refuses to stop publishing with my picture, name and reputation.”

There’s a problem here of course. One such being that people who saw the ads might well have been mislead into investing into entire and complete duds:

He claims Facebook has published more than 50 fake posts bearing his name in the last year, causing vulnerable people to hand over thousands of pounds to criminals.

Mr Lewis told the Press Association the legal action was the result of months of frustration with scammers piggybacking on his reputation and preying on Facebook users with outlandish get-rich-quick scams.

He said people have handed over money in good faith, only to find the advert has nothing to do with Mr Lewis or his company.

That’s a significant problem, of course it is. But there’s another one here as well:

Today (Monday 23 April), I will issue High Court proceedings against Facebook, to try and stop all the disgusting repeated fake adverts from scammers it refuses to stop publishing with my picture, name and reputation. To explain it, below is the official press release announcing the action.

You see, in law, Facebook isn’t the publisher. Therefore a claim of defamation doesn’t work. The actual publisher, the person responsible in law, is the person who wrote the post, or made the ad. Not Facebook itself. The situation here is akin to the telephone company or Royal Mail. Sure, both systems of communication can be used to do illegal things. And the people who do so are guilty of using them to do illegal things. But the systems themselves aren’t guilty. They have a legal status called “common carrier.” They’re responsible for what they do themselves which is illegal but not for what other people use the system to do.

And at least as far as we know the internet giants like Facebook are given this common carrier status.

A suit against those posting or making ads would almost certainly succeed. One against Facebook not so much. And you shouldn’t be buying cryptocurrencies because of Facebook ads anyway, no matter whose face appears in them.

Posted: 23rd, April 2018 | In: Key Posts, Money, News, Technology | Comment


Martin Lewis sues Facebook over scam ads; but who watches MoneySupermarket?

The added benefits of ‘money saving expert’ Martin Lewis suing Facebook for allowing fraudsters to use his name to trick money from people who trust him is that Facebook gets another kicking – good news for publishers jealous and wary of its power – and media-savy Lewis gets to be relevant. Lewis has built a very lucrative career advising people how to save cash. In 2012, he sold MoneySavingExert.com for £87m to MoneySupermarket.com, which runs an online price comparison service.

As the BBC reported at the time:

In the 12 months to the end of last October, MoneySavingExpert generated revenues of nearly £16m from 39 million users. Of this income, about 59% was earned from referral fees paid by MoneySupermarket.

It’s no mere tip-sheet.

In 2017, MoneySavingExpert reported:

Comparison site MoneySupermarket has been fined £80,000 after it sent an email to millions of customers who had opted out of marketing messages.

The story on MoneySavingExpert.com makes no mention of the site’s relationship to MoneySupermarket. Is that fair?

 

martin lewis

Martin Lewis at the top of a story that makes no reference to the fact MoneySavingExpert is owned by MoneySupermarket.

 

moneysavingexpert martin lewis

No mention of the sites’ relationship in the story

 

Promoting financial products is a lucrative business.

Lewis says Facebook earns money from the fake ads, making it is responsible for them. What’s odd and troubling is that Facebook, having taken the villains’ money, seems less bothered about punishing the crooks. How many of them just book another ad?

“It’s so distressing, when all my life I have campaigned against this kind of thing,” says Mr Lewis, whose face has appeared on over 50 different ads on Facebook, reports the Times. The social network does take them down – but as Lewis says: “It can take a couple of weeks and another one just pops up again. Why should I have to police this? Enough is enough. I’ve been fighting for over a year to stop Facebook letting scammers use my name and face to rip off vulnerable people – yet it continues. I feel sick each time I hear of another victim being conned because of trust they wrongly thought they were placing in me. One lady had over £100,000 taken from her.”

Someone invested £100,000 in a financial product they first saw on Facebook because it featured a photo of a bloke from the telly? What madness. No wonder conmen feel it’s worth having a go.

 

matin lewis fake ads facebook

An example of a Facebook ad using Lewis’s face – and his response

 

“I’ve told Facebook that,” adds Lewis. “Any ad with my picture or name in is without my permission. I’ve asked it not to publish them, or at least to check their legitimacy with me before publishing. This shouldn’t be difficult – after all, it’s a leader in face and text recognition. Yet it simply continues to repeatedly publish these adverts and then relies on me to report them, once the damage has been done.”

That seems fair. Why should the victim have to report the crime to the company promoting the scam and earning money from it? And what does Facebook do with money earned from these ads?

“It’s time Facebook was made to take responsibility,”Lewis continues. “It claims to be a platform, not a publisher, yet this isn’t just a post on a web forum, it is being paid to publish, promote what are often fraudulent enterprises. My hope is this lawsuit will force it to change its system. Nothing else has worked. People need protection. And of course, on a personal note, as well as the huge amount of time, stress and effort it takes to continually combat these scams, this whole episode has been extremely depressing – to see my reputation besmirched by such a big company, out of an unending greed to keep raking in its ad cash.”

Mark Lewis, a solicitor with Seddons law firm who is bringing the case, outlines the case:

“Facebook is not above the law – it cannot hide outside the UK and think that it is untouchable. Exemplary damages are being sought. This means we will ask the court to ensure they are substantial enough that Facebook can’t simply see paying out damages as just the ‘cost of business’ and carry on regardless. It needs to be shown that the price of causing misery is very high.”

A Facebook spokesman replies:

“We do not allow adverts which are misleading or false on Facebook and have explained to Martin Lewis that he should report any adverts that infringe his rights and they will be removed. We are in direct contact with his team, offering to help and promptly investigating their requests, and only last week confirmed that several adverts and accounts that violated our advertising policies had been taken down.”

Buyer beware.

Posted: 23rd, April 2018 | In: Key Posts, Money, News | Comment


Martin Lewis sells MoneySavingExpert to MoneySupermarket for £87m

MARTIN Lewis has sold his MoneySavingExpert site to MoneySupermarket for £87m.

Hard work, media whoring, affiliate deals self-promotion pay off. In the year ended 31 October 2011, MoneySavingExpert reported revenues of £15.773 million. The site is not only about you saving money. It’s about the site making money promoting those ‘savings’.

And it’s good news for everyone because Lewis can now afford to pay full price wherever he goes. Although had MoneySupermarket shopped around tehy could have got it for 11% less on a two-year contract with…etc.

 

 

Posted: 1st, June 2012 | In: Money | Comments (3)


Three Steps To Hating The EuroMillions Winners

8015852THE EuroMillions winners are right now on the Three-Step Tabloid Programme.

Step 1: Introduce The Winners
Step 2: Give A Bit Of Background
Step 3: Set About Ruining Their Lives and Finding Dirt

We are now on Step 2. Having introduced Les Scadding, his wife Sam Peachey-Scadding and the seven Liverpudlian syndicate winners, we await the dirt and our chance to feel outraged that such a lowlife should have won so much money – is there no justice! – we get Page 3 girl Danni telling us:

“Danni says no one will begrudge Les and Samantha Scadding their £45 million lottery win.”

No, Danni, they wont. Yet.

Read the rest of this entry »

Posted: 11th, November 2009 | In: Reviews | Comment (1)