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British Campaigner Sues Facebook Over Fake Ads

British campaigner to sue Facebook over fake ads

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Facebook unveils new VR headset 'Oculus Quest'. Pixabay

British consumer campaigner Martin Lewis is suing Facebook for defamation after dozens of fake advertisements bearing his name were published on the social media platform.

The founder of MoneySavingExpert.com — a British consumer finance information website — said that at least 50 fake ads bearing his name appeared on the social media platform, causing reputational damage to him, BBC reported late on Sunday.

Lewis is due to lodge court papers at the High Court for a defamation case against Facebook on Monday. He is seeking damages but pledged that the money would go to anti-scam charities, the report noted.

Several advertisements allegedly show his face alongside endorsements that he has not made.

Representational image for Facebook.
Representational image. Pixabay

“These adverts tout schemes with titles such as Bitcoin code and Cloud Trader which, according to Lewis, are fronts for binary trading firms outside the European Union (EU),” BBC said.

Binary trading is a form of financial transaction which British financial regulatory body Financial Conduct Authority (FCA) has warned consumers against.

According to Lewis, a woman had spent 100,000 pounds ($140,000) in “a binary trading nightmare” that had attached his name to its advertising.

“I get about five messages a day from people saying, ‘I’ve just seen your Bitcoin ad and wanted to check it.’ If that is the number who get through to me, how many more must be just taken in?” Lewis was quoted as saying.

Also Read: Facebook introduces new privacy updates for EU users

He said Facebook had failed to stop the adverts despite his complaints and action.

“It is consistent, it is repeated. Other companies who have run these adverts have taken them down. What is particularly pernicious about Facebook is that it says the onus is on me, so I have spent time and effort and stress repeatedly to have them taken down,” he said.

Meanwhile, Facebook said the misleading ads are not allowed and any reported are removed.  IANS

Next Story

Social Media Giant Facebook Hiring Experts For its Blockchain Division

Last week, Twitter CEO Jack Dorsey tweeted that he was hiring Bitcoin developers for his payments company, Square

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Facebook, data,photos
A television photographer shoots the sign outside of Facebook headquarters in Menlo Park, Calif. VOA

Social-networking giant Facebook is seeking executives to work in its secretive Blockchain division and to work on the company’s own blockchain applications and cryptocurrency.

Facebook has listed 22 vacancies on its Careers page for the division including openings for lead commercial counsel, product manager, finance analyst, data engineer and threat investigator among others.

The listings suggests that Facebook is particularly focused on recruiting experts in marketing, interface design, product management, software engineering, and legal fields concerning Blockchain.

Facebook, data, photos, vietnam
A smartphone user displays a Facebook newsfeed .VOA

The company already has a team of 50 people working discreetly in a secretive corner of its Menlo Park head office, The Next Web reported on Monday.

“If Facebook’s blockchain hiring spree continues, its team could be in the hundreds before the end of the year” the report said.

Also Read- Tech Giant Google Letting Android Users Create Events on Maps

Lately, several companies have been looking to add new streams of revenue to their business models and Blockchain has emerged as a popular choice to boost businesses.

Last week, Twitter CEO Jack Dorsey tweeted that he was hiring Bitcoin developers for his payments company, Square. (IANS)