A lot of what these people are saying is complete Hocum.

There's now all sorts of people popping up telling you how to make money quick or how to

pay off your debt quick. What are you thinking about all this when you see it?

That is a red flag.

Manorsphere documentary by Louis Theroux. It was just money. These are just conmen.

They're motivated by money because soon as they were challenged, they'd back down on what they thought.

So the Financial Conduct Authority was able to take a number of these influences to court over, I think it was crypto selling, because that is a regulated industry.

The challenge with tax advice is it's not regulated. So anybody can give you tax advice. But if they're doing it in this way, then they will now fall foul of this law.

Hello and welcome to The Rest is Money with me, Steph McGovern. Now, with me today is Stella

Creasy, the Labour and Cooperative MP for Waltham McGovern. Now, with me today is Stella Creasy, the Labour and

Cooperative MP for Waltham Store in London. Now, Stella is a prominent consumer rights campaign,

and probably best known for her work to regulate high cost credit, which included successfully

pressure in the government to give the financial conduct authority powers to cap payday lending loan costs.

Stella's got a real passion for helping people in debt.

And today, she's going to chat to us about her campaign to regular influencers on social media

who give people misleading tax and financial advice, otherwise known as financial influences.

Finfluences is the phrase that they're often referred to now.

So here's my interview with Stella Creasy.

So Stella, thanks for coming in to talk about this because it's really interesting what's

happening online in terms of financial advice, isn't it? Yeah. There's now all sorts of people popping up telling you how to make money quick or how to pay off your debt quick. What are you thinking about all this when you see it? I'm really worried because a lot of what these people are saying is complete hoagum, but we are living in a country that's had a cost of living crisis for donkeys

years. You've got millions of people who are now self-employed or set up a business of their own.

They're really susceptible to this stuff. And these people make their money off the likes and the

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