National Fraud Helpline is helping victims of the Quantum AI scam to recover lost funds.
The fake investment scam continues to be prevalent on social media platforms such as Facebook, Instagram and X.
Scammers use AI generated images of celebrities and trusted news sources to claim that the UK Government is aware of an investment scheme that it has not told its citizens about.
The Quantum AI scam encourages people to initially invest £200. They are then given access to a fake online platform which appears to show their investment earning fantastic returns. However, when investors try to withdraw funds they are given a variety of excuses and it becomes clear that it was a scam.
Well known figures such as Prime Minister Keir Starmer, consumer expert Martin Lewis, TV personality Jeremy Clarkson, MP Nigel Farage and journalist Ian Hislop have all had their images used without their permission.
Clarkson is so upset about it that he’s trying to have his image copyrighted to help prevent social media companies from showing fake adverts that feature him.
National Fraud Helpline has previously issued a warning around fake Martin Lewis adverts which also promote Quantative AI.
Martin Richardson, a senior partner at National Fraud Helpline, said: “It appears that there are hundreds of thousands of of fake Quantative AI adverts that are tricking victims into scam investments.
“The fact that there are so many of these adverts shows that it must be working. The scammers must be investing huge amounts of money into paying for the ads and they’re only doing that because they’re successfully ripping people off.
“Using fake ai videos of well-known, well-liked and well-respected high profile individuals is giving the advert credibility and drawing people in.
“Much more needs to be done to protect the public.”
