Has Facebook become a fraudsters paradise? A couple of months back, we reported that the Dutch tycoon John de Mol sued the social media giant Facebook over ads promoting fake bitcoin investment opportunities by scammers. It’s worth mentioning that the ads featured John de Mol’s image to make it look like he supports the schemes.
Ruled in favour of De Mol!
On November 11, a Dutch court ruled in favour of De Mol, which means Mark Zuckerberg‘s Facebook has no choice but to clamp down on fraudulent Bitcoin ads. According to court, Facebook must act swiftly or pay a periodic penalty of €10,000 for each time de Mol’s image appears on the platform, which can amount to a maximum of €1.1 million.