Facebook over fake advertisements sporting his name and face that have been popping up on the bitcoin pro trader network over the past year. The ads promote get-rich-quick schemes with titles like ‘Bitcoin Code’ and ‘Cloud Trader’.
Also published on sites such as BBC, the Metro, Yahoo and Outbrain, the ads link to scam websites for binary trading companies. On his blog, Lewis called binary trading a “financially dangerous, near-certain money-loser”. 87,000 a day, according to Action Fraud. The Advertising Standards Authority, however, was not able to act against the alleged scammers since they posted the ads from outside the EU. Facebook simply stated that it does not allow false ads on its platform and that it has told Lewis to report such ads, which it will then remove.
This is despite Lewis saying that all ads referencing him are fake, since he does not put his name on advertising. 100,000 after an advert using Lewis’s name and face persuaded her to invest it. I’ve been fighting for over a year to stop Facebook letting scammers use my name and face to rip off vulnerable people – yet it continues. I feel sick each time I hear of another victim being conned because of trust they wrongly thought they were placing in me. Lewis’s case hinges on proving that Facebook is a publisher and that the UK has jurisdiction over the fake ads Facebook ran.
It’s time Facebook was made to take responsibility,” Lewis said. Facebook is not above the law,” said Mark Lewis, of Seddons law firm, representing Martin Lewis. It cannot hide outside the UK and think it is untouchable. He announced that they will seek “exemplary damages”, which will be large enough that Facebook feels the impact and does not write the charge off as a cost of doing business. Martin Lewis said he will donate any damages won to charities combatting fraud. IT Pro has approached Facebook for comment.