Australian mining billionaire filed criminal proceedings against Facebook


Mining billionaire Andrew Forest has filed a criminal suit against social media giant Facebook for violating Australia’s anti-money laundering law and failing to deal with cryptocurrency clickbait ads.

Forest has launched two simultaneous actions. One was at the Magistrates’ Court in Western Australia and the other was at the California Superior Court in San Mateo County.

Facebook is said to have been criminally reckless because it did not take sufficient steps to prevent criminals from sending fraudulent ads to fraudulent Australians using social media platforms.

Such fraudulent ads, inspired by celebrities such as Forest, have been posted on Facebook since March 2019.

Andrew Forrest
Andrew Forrest, Australian Millionaire, Fortescue Metals Group Chief Executive Officer, London, October 25, 2021. (Ben Makori / Reuters)

Forrest claims to have asked the tech giant on many occasions to prevent his images from being used for fraud, including an open letter to Facebook founder Mark Zuckerberg in November 2019.

“I’m doing this because I’m worried that innocent Australians will be scammed through clickbait ads on social media. I’m a social media operator and a criminal organization on their site. We promise not to allow it to be used, “Forest said in a statement to the media.

“This action replaces the daily lives of Australians who work hard to collect savings and prevent fraudsters from fooling them,” he added.

“Social media is a part of our lives, but it is in the public interest to do more to eliminate or significantly reduce fraud on social media platforms.”

Facebook’s parent company, Meta, said fraudulent advertising on the platform was banned.

“We take a multi-faceted approach to stop these ads. We not only detect and reject the ads themselves, but also block advertisers from our services and in some cases we We will file a lawsuit to enforce our policy, “says a spokesman.

“We promise to keep these people away from our platform,” he said in a comment received by 9news.com.au.

Australia’s social media platforms continue to face pressure to mitigate content, including efforts to combat online bullying and foreign interference through state-sponsored disinformation campaigns.

Wide range Online safety lawWas passed in 2021 and entered into force on January 23, granting new privileges to eSafety Commissioner Julie Inman Grant and ordering social media platforms to remove content.

For example, after a technology company is issued a deletion notice, the platform must delete the reported post within 24 hours. Otherwise, you will be fined up to 500 penalty units. Up to $ 111,000 ($ 79,400) for individuals and US $ 39,000 for businesses.

Daniel Y. Ten

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Daniel Y. Teng is based in Sydney. He focuses on national politics, including federal politics, COVID-19 response, and relations between Australia and China. Contact him at [email protected]