{"id":418112,"date":"2022-03-18T19:36:23","date_gmt":"2022-03-18T16:36:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/facebook-owner-meta-sued-by-australia-over-scam-crypto-ads\/"},"modified":"2022-03-18T19:36:23","modified_gmt":"2022-03-18T16:36:23","slug":"facebook-owner-meta-sued-by-australia-over-scam-crypto-ads","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/facebook-owner-meta-sued-by-australia-over-scam-crypto-ads\/","title":{"rendered":"#Facebook owner Meta sued by Australia over scam crypto ads"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a33bd553dc3d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a33bd553dc3d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/facebook-owner-meta-sued-by-australia-over-scam-crypto-ads\/#%E2%80%9CFacebook_owner_Meta_sued_by_Australia_over_scam_crypto_ads%E2%80%9D\" >&#8220;Facebook owner Meta sued by Australia over scam crypto ads&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CFacebook_owner_Meta_sued_by_Australia_over_scam_crypto_ads%E2%80%9D\"><\/span>&#8220;Facebook owner Meta sued by Australia over scam crypto ads&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Australia said Friday it is suing <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> owner Meta over scam advertisements for cryptocurrency schemes that falsely claimed to be endorsed by prominent figures.<\/p>\n<p>Australia\u2019s consumer protection commission said it had started Federal Court proceedings against Meta Platforms for \u201cfalse, misleading or deceptive conduct\u201d in breach of consumer or securities laws.<\/p>\n<p>It accused Meta of failing to do enough to stop scam ads for cryptocurrency or money-making schemes, even after being alerted by celebrities who had been misrepresented by similar ads published on Facebook.<\/p>\n<p>Meta vowed to defend itself, saying in a statement that it sought to stop scam ads by using <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> to detect and block them. <\/p>\n<p>\u201cWe don\u2019t want ads seeking to scam people out of money or mislead people on Facebook \u2014 they violate our policies and are not good for our community,\u201d a Meta spokesperson said.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"787\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/mike-baird.jpg?quality=90&amp;strip=all&amp;w=787\" alt=\"New South Waled Premier Mike Baird\" class=\"wp-image-21574137\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/mike-baird.jpg?quality=90&amp;strip=all&amp;w=1574 1574w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/mike-baird.jpg?quality=90&amp;strip=all&amp;w=1181 1180w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/mike-baird.jpg?quality=90&amp;strip=all&amp;w=787 787w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/mike-baird.jpg?quality=90&amp;strip=all&amp;w=394 393w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/mike-baird.jpg?quality=90&amp;strip=all 1024w\" sizes=\"auto, (max-width: 787px) 100vw, 787px\"\/><figcaption>Ads featured well-known Australians, including former New South Wales premier Mike Baird.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>The social media titan said it had cooperated with the Australian Competition and Consumer Commission\u2019s investigation. <\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>According to the commission, the ads featured well-known Australians, including former New South Wales premier Mike Baird and businessman Dick Smith.<\/p>\n<p>But the high-profile personalities featured in the ads had never <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved or endorsed them, it said.<\/p>\n<p>\u201cApart from resulting in untold losses to consumers, these ads also damage the reputation of the public figures falsely associated with the ads,\u201d said the commission\u2019s chair, Rod Sims.<\/p>\n<p>\u201cMeta failed to take sufficient steps to stop fake ads featuring public figures, even after those public figures reported to Meta that their name and image were being featured in celebrity endorsement cryptocurrency scam ads,\u201d he said.<\/p>\n<p>The commission said it was aware of one consumer who had lost more than A$650,000 (US$480,000) in one of the scams being falsely advertised as an investment opportunity on Facebook.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/dick-smith.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Australian businessman Richard Smith \" class=\"wp-image-21574140\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/dick-smith.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/dick-smith.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/dick-smith.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Australian businessman Richard Smith is among those that have been featured in the scam ads.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>\u201cThis is disgraceful,\u201d Sims said.<\/p>\n<p>The consumer protection authority said it was seeking orders from the court including injunctions, penalties and the payment of legal costs.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/03\/18\/facebook-owner-meta-sued-by-australia-over-scam-crypto-ads\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Facebook owner Meta sued by Australia over scam crypto ads&#8221; Australia said Friday it is suing Facebook owner Meta over scam advertisements for cryptocurrency schemes that falsely claimed to be endorsed by prominent figures. Australia\u2019s consumer protection commission said it had started Federal Court proceedings against Meta Platforms for \u201cfalse, misleading or deceptive conduct\u201d in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":418113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/03\/meta-australia.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[126943,20358,4974,70446],"class_list":["post-418112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-18-22","tag-australia","tag-facebook","tag-lawsuits"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/418112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=418112"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/418112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/418113"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=418112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=418112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=418112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}