Dutch billionaire takes Facebook to court over fake celebrity Bitcoin ads

06 Jun, 2019
by Joeri Cant
News
Dutch billionaire takes Facebook to court over fake celebrity Bitcoin ads

John de Mol, the Dutch billionaire and creator of the world-famous reality series 'Big Brother', takes Facebook to court for allowing fraudulent Bitcoin advertisements on its platform that use the name and image of the media titan.

According to Reuters, the Dutch media tycoon, John de Mol, filed a lawsuit against Facebook for allowing fraudulent Bitcoin advertisements on its platform that use the name and image of the media titan.

De Mol’s lawyers stated that the social media giant had failed to prevent the ads from appearing on its platform and further added that the company did not respond to complaints in a timely fashion. They requested for Facebook to fix its procedures to automatically block ads featuring De Mol and cryptocurrency, which they claim to have caused reputational damage to their billionair client.

Facebook’s lawyers responded by saying that all ads were removed and the advertisers were banned, 'but the scammers evolve their practices. Facebook shares the frustration of de Mol on the fake ads.'

In April Chepicap reported that these fraudulent Bitcoin investment advertisements using fake quotes and images of Dutch celebrities are doing a lot of financial damage in the Netherlands.

These fake pop-up online advertisements promise sensational returns on investments, and the fake testimonials and images of Dutch celebrities makes it all look like a ligit investment opportunity to the unsuspecting victim.

The Dutch Fraud Help Desk said that 5 different Bitcoin investment schemes have managed to defraud investors out of more than $1.92 million so far.

Dutch celebrities which images are used in the fraudulent advertisements include internet entrepreneur Alexander Klöpping, media tycoon John de Mol Jr., pop star Waylon, and TV presenter Humberto Tan.

Apparently both Facebook and John de Mol have now two weeks were they have to attend a sit-down together, and see if they can come to any solutions before proceeding with the court case.

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