Billionaire’s suit over scam crypto ads on Meta dismissed in Australia

Andrew Forrest’s image was used in an ad promoting crypto scams. He has another suit against Meta in a California district court.

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A suit filed by Australian mining billionaire Andrew “Twiggy” Forrest against Meta has been dropped by the District Court of Western Australia. Forrest claimed that scam crypto ads on Meta platforms bearing his image led to big losses for innocent people. Prosecutors said there was insufficient evidence.

Forrest, the chairman of Fortescue Metals and the second-richest person in Australia, personally filed criminal charges against Meta in February 2022 under Commonwealth Criminal Code Anti-Money Laundering sections, claiming the social media giant “knowingly profits from this cycle of illegal ads” and failed to remove them. He had to receive the Australian attorney general’s approval to file the suit.

In an open letter to Meta CEO Mark Zuckerberg in November 2019, Forrest demanded that Meta, which operates Facebook and Instagram, among other platforms, take down fraudulent ads and prevent his image from being misused.

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