The criminal lawsuit filed by billionaire Andrew Forrest in the District Court of Western Australia against Meta Platforms Inc. has been dismissed. The lawsuit was based on accusations that Meta Platforms Inc. allowed advertisements featuring Forrest’s image in cryptocurrencies, leading to huge financial losses by consumers. Notwithstanding these allegations, the court ruled in favor of Meta since there was inadequate evidence to continue with the legal proceedings.
Background of the Crypto Scam Case
Andrew Forrest, who is popular for being the chairman of Fortescue Metals Group and one of Australia’s most wealthy individuals, filed the suit under particular parts of the Commonwealth Criminal Code addressing anti-money laundering.
Forrest claimed that Meta’s platforms, including Facebook, were used by third parties to advertise crypto scams by using his image in a misleading way to give themselves credibility. According to Forrest, such actions would be in violation of anti-mon
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