MSE's Martin Lewis issues furious warning and says 'do not trust them'; The MSE founder issued the message on his social media calling it nonsense.

Byline: By, Sophie Buchan

Money Saving Expert founder Martin Lewis has taken to social media to issue a stark warning. In his post on X, formerly Twitter, he stated that people should "not trust" them, expressing his frustration with the situation.

He explained: "I'm getting reports that a firm is cold calling people "offering grants for renewables and quoting that had encouraged people to engage with the company." The call is UTTER BS! This is not true. Don't trust them. Politely disengage and don't speak to them."

Previously, MSE has spoken about scammers using Martin's face for adverts, with the money guru himself warning people he does not do them. This means that if you see Martin's face on advertisements for cryptocurrency, investments or banks, for example, these are all scams and are not genuine. MSE warns: "They're dangerous and you should be on your guard. Martin NEVER endorses products and nor does MSE -- so don't be fooled."

The company add: "To be clear, when we say Martin and MSE never endorse products, we mean we don't put our name or logo to ANYTHING. Yes, we mention individual products and services on our site, but we don't 'support' them."

MSE scam warning

You can read all about Martin Lewis' scam adverts here and how to avoid them. The MSE team have also listed some steps you can take to avoid being victim to scams, as well as what to do if you think you've been scammed. The MSE team have said you should follow these steps below.

If you've already responded to a scam, end all further communication immediately.

Call your bank directly and cancel any payments that haven't yet been made including recurring payments. For speed and ease, you can call the 159 hotline to contact the fraud department of big banks.

Report the scam to Action Fraud on 0300 123 2040 or via the Action Fraud website England, Wales or Northern Ireland. If you're in Scotland, report a scam through Advice Direct Scotland on 0808 164 6000 or via the Advice Direct Scotland website. You can also report scams to Police Scotland on 101. Another option UK-wide, if it's an online scam, is to report it to the Advertising Standards Authority. Do this in addition to reporting it to Action Fraud / Advice Direct Scotland.

If you wish to seek further help, contact Citizens Advice England and Wales or Citizens Advice Scotland. Alternatively, you can contact the Financial Conduct Authority's helpline on 0800 111 6768 UK-wide.

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Credit: ITV

Martin Lewis appeared furious in the post

Credit: ITV

Martin Lewis issued the urgent warning on his X account