Aussie Celebs Caught in the Crossfire of Meta's Scam Ads on Facebook!

The Australian broadcast industry group, Free TV Australia, has spoken out against Meta, the parent company of Facebook, for its insufficient response to scam ads featuring TV personalities like David Koch and Karl Stefanovic. 

In its submission to a Senate inquiry, the group expressed concern that the lack of action by Meta is damaging the reputation of broadcasters and causing harm to consumers. The use of fake news stories and unauthorised use of network stars has been an ongoing issue that needs to be addressed. 

The Australian Competition and Consumer Commission took a strong stance against Meta's alleged involvement in aiding celebrity scam ads that have devastated countless Australians financially. 

The ACCC submitted their findings to an inquiry, revealing that losses from scam ads on social media platforms have surged from $49 million in 2020 to a staggering $92 million in 2021. It's important to note that these figures are likely only a glimpse into the true impact of these scams, as many victims never report their losses to Scamwatch. 

- CyberBeat