Qatari billionaire sues Facebook over crypto scam ads

Qatari billionaire sues Facebook over crypto scam ads

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Qatari billionaire Wissam Al Mana has sued Facebook over crypto scam advertisements. Al Mana has filed a defamation suit over a series of scam ads that used his popularity to drive fraud in the Middle East. As per the report, the billionaire has claimed defamation, malicious falsehood, and false advertising by an unnamed company using Facebook to promote their services and products.

Crypto scam advertisements

The report revealed that AL Mana filed the suit with the High Court in Dublin, the city hosting Facebook’s European headquarters. The report revealed that the regulation in Ireland is more open to plaintiffs compared to the legal framework of the United States.

Al Mana, who is also the ex-husband of superstar celebrity Janet Jackson, revealed on his personal website that he has no social media accounts. He added that people should be wary of people and companies using his popularity to promote products such as cryptocurrencies and other financial products.

A renowned defamation lawyer, Paul Tweed, stated that Facebook has been trying to “hide” behind the United States’ first amendment that protects freedom of speech to avoid suits related to user reputation. Tweed has previously represented many high-profile clients such as Justin Timberlake and Jennifer Lopez in defamation actions. Tweed stated that the defamation suit has a greater probability of succeeding in Europe.

Crypto scammers taking advantage of people’s popularity to promote their products are nothing new. People have been seen using Twitter, to promote such scams by imitating reputable figures in comments of trending Tweets.

Featured image by pixabay.

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Ahmad Asghar

A first generation gamer at heart and tech buff by nature, have been involved in the tech sector for better part of a decade. With that insight and knowledge, he now covers blockchain, cryptocurrency and everything fintech so others can make sense of the industry.

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