Australian billionaire Andrew Forrest has started criminal proceedings against him Facebook For not taking action against fraudulent advertisements in which his image appeared. Investigation guardian About Fraudulent Ads reveals how the scam works and what ads look like.
What are fraudulent ads?
Ads appear on Facebook or news sites as “automated ads” provided by Google. Automated ads target specific users.
These ads use images of celebrities or other well-known people in the target areas, such as Forrest or Dick Smith in Australia. The announcements come as news that the celebrity has made a “big investment” and that the banks were surprised by the good result.
If a user clicks on the ad, it will take them to a fake news story that includes a link that claims to be fake. Cryptocurrency investment plan. If the user enters data to enroll in the plan, he receives a phone call that is usually asked to invest a small amount, say $250. You are then asked to invest larger and larger amounts.
In one case previously reported by Guardian Australia, a 77-year-old grandmother from Queensland clicked on a Facebook ad featuring a picture of Forrest. She initially transferred $5,000 to a cryptocurrency exchange before encouraging her to deposit more of her money. In the end, The scammers emptied his accounts and stole his $80,000 in savings. He was not able to get his money back.
Some scams…
