Australian Celebrities Say Facebook Didn't Do Enough To Stop Crypto Scams. The … – Forbes

Australian billionaire Andrew Forrest, pictured, says Facebook ignored his complaints about scammers on its platform for years. Getty Images An Australian government agency and a billionaire are suing Facebook’s parent company over claims it hasn’t done enough to protect consumers from scams using the names of celebrities on the social media platform. Andrew Forrest, Australia’s second-richest person, says he tried for years to get Facebook to act as photos of him were plastered across false advertisements on the social media platform, luring users into crypto scams. As consumers duped of thousands of dollars contacted him to complain, Forrest was having no success trying to get Facebook to remove the ads, he says, and an open letter to Mark Zuckerberg went without response. “Meanwhile innocent Australians…kept investing under my name,” says Forrest, the founder and chairman of Fortescue Metals Group. Forrest filed what’s called a “private prosecution” against Meta – Facebook’s new corporate name – under Australian law, which permits individuals to file criminal complaints against other individuals or companies. In the complaint, Forrest alleges that the company’s actions ran afoul of Australian anti-money laundering laws because it didn’t take sufficient steps to stop criminals from using its platform to defraud…
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