Business Standard

Saturday, December 21, 2024 | 03:50 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Australian mining billionaire files lawsuit against Facebook over scam ads

Forrest, Australia's richest man and chairman of Fortescue Metals Group, said he was taking the action to stop people losing money to clickbait advertising scams

Facebook
Premium

Reuters
Iron ore magnate Andrew Forrest said on Thursday he is launching criminal proceedings against Meta Platform Inc's Facebook in an Australian court, alleging that it breached anti-money laundering laws and its platform is used to scam Australians.

Forrest, Australia's richest man and chairman of Fortescue Metals Group, said he was taking the action to stop people losing money to clickbait advertising scams, such as ones using his image to promote cryptocurrency schemes.

The lawsuit filed by Forrest in the Magistrates Court of Western Australia alleges Facebook "failed to create controls or a corporate culture to prevent its systems being used

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : Facebook

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in