KUALA LUMPUR, July 1 — Social media big Meta’s delay in eradicating fraudulent posts from its platforms worsens the chance of potential victims to scams, mentioned non-public fairness firm Creador that’s threatening authorized motion over the matter.
Creador mentioned its founder, Brahmal Vasudevan, and its non-profit basis have been impersonated on Facebook, Instagram and WhatsApp to lure customers with pretend investment alternatives.
“Vulnerable folks, particularly the aged, are dropping cash to those scams. They have to be shielded from scammers who’re allowed to promote on these platforms,” Brahmal mentioned in an announcement.
He mentioned Meta was making the most of these scams by permitting sponsored posts impersonating Creador and different well-known figures.
Creador mentioned it has despatched a letter of demand to Meta, including that it will pursue authorized motion if the firm doesn’t reply satisfactorily.
The firm mentioned it has reported the matter to Meta since March, together with hyperlinks to posts that direct victims to a WhatsApp chat with somebody impersonating Brahmal.
Despite these reviews, Meta has not eliminated all such posts, and Creador’s personal Facebook web page was suspended with out clarification.
Brahmal additionally criticised Meta’s reporting system as ineffective and never responsive sufficient to impersonation and rip-off complaints.
He mentioned Meta initially left the rip-off posts up and insisted they didn’t violate its Community Standards, solely taking motion after Creador appealed to Meta’s Oversight Board.
Although some posts had been eliminated in April, nevertheless, Creador mentioned new fraudulent posts with comparable impersonations appeared in June.
A display seize reveals a fraudulent submit claiming to be of Creador and its founder Brahmal Vasudevan. — Picture courtesy of Creador.
