Home Tech Andrew ‘Twiggy’ Forrest takes on Facebook over crypto scams

Andrew ‘Twiggy’ Forrest takes on Facebook over crypto scams

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Andrew ‘Twiggy’ Forrest is considering taking on Facebook. Picture: Frances Andrijch/ Courtesy of Andrew Forrest

Australia’s richest man Andrew “Twiggy” Forrest is planning legal action against social media giant Facebook because the company has so far failed to prevent a series of scam crypto ads using his name and image.

The Daily Telegraph on Wednesday reported that Mr Forrest had repeatedly asked Facebook to better monitor its platform after a number of people had fallen afoul of scam ads, which appear as “sponsored posts” and purport to include details of Mr Forrest’s investment strategy.

The clickbait ads, a number of which allege the Fortescue Metals chairman secretly made his $27bn fortune via cryptocurrency trading, have irked Mr Forrest since 2019.

An example of one of the crypto scam ads circulating about Twiggy Forrest and his wealth. Picture via Twitter
An example of one of the crypto scam ads circulating about Twiggy Forrest and his wealth. Picture via Twitter

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