News & Analysis

Competition watchdog the ACCC joins Andrew Forrest in suing Facebook over celebrity scam ads

- March 18, 2022 3 MIN READ

The Australian Consumer and Competition Commission (ACCC) has launched legal action against Facebook’s parent company, Meta, alleging the social media giant engaged in false, misleading or deceptive conduct by publishing scam advertisements featuring prominent Australians. The Federal Court case claims Facebook was in breach of the Australian Consumer Law (ACL) or the Australian Securities and… Read more »

Andrew Forrest
Global tech

Andrew Forrest launches legal action against Facebook over cryptocurrency scam ads

- February 3, 2022 2 MIN READ

Western Australian billionaire Andrew Forrest has lodged criminal proceedings against Facebook over cryptocurrency scam ads that used his name and image. Dr Forrest, chair of Fortescue Metals Group, and a major tech startup investor, has alleged that Facebook breached federal anti-money laundering laws by failing to remove the ads, which have been appearing on the… Read more »

News & Analysis

Billionaire Twiggy Forrest calls Facebook ‘pernicious’ over crypto scam ads

- November 11, 2019 3 MIN READ

The mining billionaire’s photo has been used by scammers in social media ads for cyptocurrencies Forrest is one of several high-profile Australians the scammers falsely claim back crypto schemes that cost those who’ve believed the ads millions of dollars Facebook says its doing its best to combat the fake ads Forrest wants governments around the… Read more »