Australia SUES Facebook over widespread fake celebrity endorsement posts that use pictures of TV stars to promote crypto scams – as David Koch LOSES IT over scam
- Australian competition watchdog taking legal action against Meta over scam ads
- David Koch, Dick Smith and former NSW Premier featured in Facebook scam ads
- ACCC said ads were using prominent figures to promote cryptocurrency
Australia’s competition watchdog is taking legal action against Facebook‘s parent company, Meta, over scam ads featuring celebrity endorsements.
In a statement, the ACCC said scam ads on the platform featuring the likenesses of businessman Dick Smith, Sunrise presenter David Koch and former NSW Premier Mike Baird were being used to promote crypto and money-making schemes.
‘The schemes were in fact scams, and the people featured in the ads had never approved or endorsed them,’ ACCC chairman Rod Sims said in a statement.
David Koch has previously fumed about his likeness being used in fake Bitcoin ads
In an action launched in the Federal Court on Friday, the ACCC alleged the ads – common to the platform – featured fake news articles where the celebrities appeared to endorse the scam products, when they had not.
Users were then invited to…
