One of the richest men in Australia brought the first global criminal suit against Mark Zuckerberg-run social media platform.
that fake crypto investment ads on Facebook used his image to claim that the mining billionaire endorsed certain investment schemes, and it resulted in many conned people. According to Forrest’s lawyers, Facebook “knowingly profits from this cycle of illegal ads,” and it amounts to a violation of anti-money laundering laws.
In an open letter in November 2019, Forrest asked Mark Zuckerberg to stop fake ads on Facebook featuring his face as an endorsement of the crypto investment schemes. But there was no appreciable change in the social media’s ad policy, and ads featuring celebrity testimonials continued to appear as sponsored posts. However, the Australian financial watchdog cautioned investors about fake crypto ads and sites with celebrity testimonials.
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