RATE Group | Dutch Court Orders Facebook to Remove Fake Bitcoin Ads
68319
post-template-default,single,single-post,postid-68319,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Dutch Court Orders Facebook to Remove Fake Bitcoin Ads

11 Nov Dutch Court Orders Facebook to Remove Fake Bitcoin Ads

Posted at 20:15h in Bitcoin News by

[ad_1]

A Dutch court has ruled that Facebook must remove Bitcoin (BTC)-related fraudulent investment ads following local billionaire and television producer John de Mol’s lawsuit against the company, Reuters reported on Nov. 11.

De Mol initiated judicial proceedings against the social media giant in June 2019, claiming that Facebook failed to respond to multiple requests to remove ads of a scam that misused his and other celebrities’ images and eventually resulted in the loss of 1.7 million euros ($1.8 million) by investors.

The ruling, fine and Facebook’s stance

Following de Mol’s claim, a Dutch court ruled that Facebook must pull the ads and provide all available information about the individuals who stood behind the scam ads. Otherwise, the social media giant could be fined up to 1.1 million euros ($1.2 million). The court said:

“Facebook’s arguments that it is just a neutral funnel for information, and therefore cannot be obligated to act, is not acceptable. The company plays…

[ad_2]

Source link

Tags:
, , , , , , ,