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The millionaire suing Facebook over fake bitcoin ads says it's destroying savings funds and making people suicidal

The millionaire suing Facebook over fake bitcoin ads says it's destroying savings funds and making people suicidal
REUTERS/Simon Newman



Facebook ads scamming people out of money are destroying lives, according to the man suing Facebook over fake ads trading off his trusted reputation.




Millionaire Martin Lewis said he has been told stories of people's savings being wiped out by the scams, which he said have made some suicidal.




He wants Facebook to apologise, improve its processes for dealing with scam ads, and put things right for people who have lost money.




Facebook said it is having "positive" talks with Lewis and has removed a "large volume of false ads" featuring the consumer expert.




Lewis spoke to Business Insider after being named in the UK Tech 100, a ranking of the 100 coolest people in the UK tech industry.



The millionaire suing Facebook over fake bitcoin ads says it's destroying savings funds and making people suicidal
Business Insider
Fake Facebook ads for bitcoin and other get-rich-quick schemes are destroying people's lives.
That's according to Martin Lewis, the millionaire consumer advice expert who is suing Facebook for defamation over fraudulent adverts bearing his name. Lewis runs MoneySavingExpert.com, a trusted source of consumer advice in Britain, which attracts 15 million users a month.
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