The ads, according to the regulator, contained suspicious links that took viewers away from Facebook. Then, and to a bogus news item with remarks ascribed to the public figure allegedly advocating a “cryptocurrency or money-making plan.”
“Users were then invited to sign up and were subsequently contacted by scammers who”
“used high-pressure tactics, such as repeated phone calls,”
” to convince users to deposit funds into the fake schemes,” the announcement read.
“Meta is liable for these ads that it posts on its platform,” says ACCC Chair Rod Sims.
Then, adding that the firm will profit financially if the ads are off.
The ACCC claims that the company’s actions are in violation of the Australian Consumer Law (ACL) or the Australian Securities and Investments Commission Act (ASIC Act). Then, and is seeking “declarations, injunctions, penalties, costs, and other orders.”