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Facebook reported for scammy crypto currency promotion ads

facebook reported for scammy crypto ads

Facebook as been reported many times for allowing promotion of scammy crypto currency related business and ICOs. People have sued facebook company, with this action facebook has recently banned promotion of ICOs, but still allowing crypto related ads.

Also read, Biggest ICO Scam in Russia

A lawsuit or any proceeding by a party or parties have turned the first stood when Mr. Lewis who is a personal finance journalist by aiming Facebook’s lack of vigilance in  regards to fake accounts. There should be an accounts. There are enormous issue and raised a concern that emails and other private user data remain indefinitely on Facebook’s servers. He referred this term as Ground breaking lawsuit. However Facebook’s market dominance have led to international media coverage and significant reporting of its shortcomings. Additionally there are multiple fraudulent hawking and selling most investment advice for assets such as Bitcoin.

This company–Facebook receives prominent coverage and so Fraudulent Users are quite active now a days. The functionality of others genuine Customers receives violent incidents and frauds/crimes in eyes of LAW.  I will issue High Court proceedings against Facebook, rightly said by Lewis adding more by saying – “to try and stop all the disgusting repeated fake adverts from scammers it refuses to stop publishing with my picture, name and reputation.”

The Martin Lewis Money Show is a British documentary shows that there are over 50 fake in effect of social-networking websites. This particular phenomenon has been documented at a number of places over the world .In such cases restrict profiles or properly follow the legal request to do.Facebook staff attempted to comply with the privacy regulations but still it did not work out and so the Financial Analyst is doing it so.

There are 50 ACOOUNTS which are fake and fraud are continuously seeing every day. Likely by millions of people, in the UK. Moreover many have big pictures of Martin and his name, alongside a raft of false promises or endorsements – some then link on to fake articles which continue the theme. Facebook has noted difficulty in effectively policing and having no authencity that user is decreased thus this renewed company has come  under fire by including having to defend itself in front of the United States Senate and House of Representatives. All these things are not dome for personal gains, it is used for subsequent users to have legal responsibility for privacy on Facebook for all users.

Extending the hands Mr. Lewis will issue High Court proceedings for a campaigning defamation lawsuit against Facebook and will be seeking exemplary damages.

Subsequently crypto-related ads should not promote financial products and services such as Binary Option, Initial Coin Offering and others. This is a new rule as ads should be safe and secure .This is referred as advertisement Policy prohibiting such things. Facebook bans ads for Bitcoin and Initial Coin Offering Hoping it would protect its users from scammers, social networking giant Facebook Inc. The Facebook Product Management Director Rob Leathern said in a blog post that “misleading or deceptive ads have no place on Facebook.

Cloud Traders is one of the nasty Scam as Binary Scam Alerts is posting an official scam Viewpoints in regards to the Cloud Trader Software. Bitcoin code’ or ‘Cloud Trader,’” the release details, “are fronts for binary trading firms based outside the EU. A binary Trading, which results in phenomenon of binary option, or asset-or-nothing option in which the payoff is structured to be either a fixed amount of compensation if the option expires in the money or nothing at all if the option expires out of the money. This binary trading have become extremely dangerous for financial regulatory body in the United Kingdom, i.e. Financial Conduct Authority. It conduct regulator for 58000 financial services firms and financial markets.

Much tired said an US-based English humourist “Enough is enough, I have been fighting for over a year to stop Facebook letting scammers use my name and face to rip off vulnerable people. He is known for his participation in a variety of projects. This famous personality is a money making experts in Digital Coins – Open Source Market.

It is obvious that not only the Online Working Site has observed this fact but many have given this information of placing his Picture and name. These are fake accounts. Thus Martin Lewis has long had an issue with Facebook, the social network. Those who have seen fake ads on Facebook will be unsurprised to learn that many of these ads appear to be Crypto Currency-related scams. Interestingly when many have been left up for days or weeks even the fake ads were reported.