Billionaire Andrew Forrest’s Crypto Ad Scam Lawsuit Against Meta Will Go Ahead, Judge Rules
Australian mining billionaire Andrew Forrest’s lawsuit against Meta for hosting several crypto ad scams bearing his likeness has been given the green light after the tech conglomerate failed to have it dismissed, U.S. District Court Judge Casey Pitts ruled on Monday.
According to Monday’s court filing, Forrest’s claims of negligence against Meta will be able to go forward despite legal pushback from the Mark Zuckerberg-led company.
The ruling also grants Forrest the ability to argue that Meta itself was complicit in the production of the sham crypto campaign given that the fraudulent advertisements in question were developed using software made available by the social media platform that “ultimately determines what completed ads look like and who sees them.”
Dr. Andrew Forrest sued Meta over scam Facebook ads that included deepfakes of him promoting crypto.
He alleged that Meta's software helped to create some of the scam ads via GenAI tools.
Today, the court ruled that his publicity rights and negligence claims can go forward. pic.twitter.com/LH7jQ6wFVP
— Rob Freund (@RobertFreundLaw) June 18, 2024
“Dr. Forrest claims that Meta profited more from ads that included his likeness than it would have if the ads had not,” Pitts’ judgment reads in part. “This is enough to adequately plead that the alleged misappropriation was to Meta’s advantage.”
Forrest, who first learned in 2019 that his name and likeness were being used to fraudulently promote cryptocurrencies to Meta users, claims over 1,000 ads ran between April through November last year costing victims millions of dollars.
“ Some were accompanied by fake testimonials from investors who said they turned $250 into millions in a matter of months,” the filing continues.
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