Black Friday Sale is here!

Up to

60%

off in software solutions and tools for a very limited time. Hurry up!

off in software solutions. Hurry up!

Latest

Stories

Andrew ‘Twiggy’ Forrest Launches Criminal Proceedings Against Meta

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

Must Read

In a first-of-its-kind lawsuit against Meta (formerly Facebook), Australian iron ore magnate Andrew ‘Twiggy’ Forrest has launched legal action against the social media giant, alleging that it breached anti-money laundering laws by failing to prevent a series of scam crypto ads using his name and image, media reports said on Thursday.

Facing intense scrutiny by governments the world over user data privacy, Meta has previously never faced criminal charges.

Also Read

According to ABC News, Forrest alleged that Facebook was “criminally reckless” by failing to take down false cryptocurrency scam advertisements using his image.

Facebook — now rebranded to Meta — “failed to create controls or a corporate culture to prevent its systems being used to commit crime”, Forrest said.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

“I’m concerned about innocent Australians being scammed through clickbait advertising on social media. I’m committed to ensuring that social media operators don’t allow their sites to be used by criminal syndicates,” he added in a statement.

The charges have been brought under Part 10 of the Commonwealth Criminal Code, with the consent of the Commonwealth Attorney-General.

An initial hearing into the case will be held in the Western Australia Magistrates Court on March 28, the report said.

Forrest had launched civil proceedings in California against the company in September last year, seeking injunctive relief and other remedies.

A separate case was pending in the Superior Court of California.

A Meta spokesperson said: “We don’t want ads seeking to scam people out of money or mislead people on Facebook — they violate our policies and are not good for our community”.

“We take a multifaceted approach to stop these ads, we work not just to detect and reject the ads themselves but also block advertisers from our services and, in some cases, take court action to enforce our policies,” the company spokesperson added.

The clickbait ads, some of those alleging that Forrest secretly made his $27 billion fortune via cryptocurrency trading, have irked him since March 2019.

He even publicly appealed to Meta Founder and CEO Mark Zuckerberg to stop those ads.

Save up to 60% on OptinMonster

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -