Reuters reports that the Australian Competition & Consumer Commission (ACCC) has filed a lawsuit against Facebook alleging that the social media giant failed to prevent scammers from using its platform to promote fake ads to unsuspecting users.
The advertisements regularly endorsed cryptocurrency or money-making schemes and featured famous Australians to fool users. The lawsuit filed in the Federal Court alleges that Facebook “aided and abetted or was knowingly concerned in false or misleading conduct and representations by the advertisers.”
ACCC chair Rod Sims stated: “The essence of our case is that Meta is responsible for these ads that it publishes on its platform. It is alleged that Meta was aware … scam ads were being displayed on Facebook but did not take sufficient steps to address the issue.
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