We've found fraudulent investment ads on Facebook and Instagram that make unsupported claims of being recommended by well-known investors.
One ad features Cathie Wood, the founder of the American investment management firm ARK Invest. It encourages users to join a group and subsequently promotes a 'VIP' section that imposes a 2%- 5% commission on stock profits.
We have some examples of these ads so you don't get caught out.
Dodgy ads
Source: Which? (13 Mar 2024)