NatWest has issued a warning as customers were scammed out of millions.
The bank has urged people to be vigilant of fraudulent adverts as figures showed customers lost £114.1m last year in investment scams. Fraudsters use the image of trusted celebrities to lure consumers into making bogus investments.
The bank warned the majority of scam ads appear on social media and urged people to be careful when using the platforms. Stuart Skinner, NatWest scam expert said: “Criminals are using some of the UK’s most trusted and respected celebrity images to steal millions of pounds.