Trending

Stories

Australian Billionaire Launches Criminal Proceedings Against Meta

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 a crime”, Forrest said.

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.

Stay updated

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

Latest

Stories

- 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 -

Related

- Advertisement -
- Advertisement -
Fitbit Integration with Google Accounts Begins Xiaomi 13 Ultra Global Launch: Offers, Price, Specs Meta Unveils Quest 3 VR Headset, Reduces Price for Quest 2 Foxconn to Manufacture iPhones in Karnataka, India: Creating 50,000 Jobs Amazon Echo Pop: Stylish Semi-Sphere Smart Speaker in India Redmi Display A27: Affordable 27 Inches Monitor with 100Hz Refresh Apple Music Classical App Now Available on Android WhatsApp’s Companion Mode: Same Account, Multiple Devices Nvidia & MediaTek Collaborate on Connected Car Tech Sony Unveils Project Q: A Next-Gen Handheld Game Console
Fitbit Integration with Google Accounts Begins Xiaomi 13 Ultra Global Launch: Offers, Price, Specs Meta Unveils Quest 3 VR Headset, Reduces Price for Quest 2 Foxconn to Manufacture iPhones in Karnataka, India: Creating 50,000 Jobs Amazon Echo Pop: Stylish Semi-Sphere Smart Speaker in India Redmi Display A27: Affordable 27 Inches Monitor with 100Hz Refresh Apple Music Classical App Now Available on Android WhatsApp’s Companion Mode: Same Account, Multiple Devices