Advertisement
AD

Main navigation

Qatari Billionaire Becomes Victim of Crypto Scam, Takes Facebook to Court

Advertisement
Mon, 24/02/2020 - 7:19
Qatari Billionaire Becomes Victim of Crypto Scam, Takes Facebook to Court
Cover image via en.wikipedia.org
Read U.TODAY on
Google News
Contents
Advertisement

Qatari business magnate Wissam Al Mana has sued Facebook for defamation after it failed to crack down on a cryptocurrency scam that used his photo for advertisement purposes. 

Al Mana filed an injunction against the social media behemoth at Dublin's High Court, according to a report by The Times  

Related
Crypto Land Is Scam, - Says Nouriel Roubini

Al Mana's secretive life 

Al Mana, whose net worth exceeds $1 bln, is considered to be one of the most influential people in the Middle East. He is at the helm of Qatar-based Al Mana Group that was founded by this father. 

Despite being an ex-husband of pop star Janet Jackson, Al Mana leads a rather enigmatic lifestyle. The businessman rarely interacts with the press and has no official social media accounts. 

This makes him a vulnerable target for crypto scammers since he cannot use his Facebook or Twitter page to address fake endorsements, which is exactly what legendary Slovakian cyclist Peter Sagan did last week

Related
Good Morning Britain's Hosts Used By Scammers For Fake Crypto Ads

Billionaires take on Facebook 

Al Mana is not the first billionaire who took Facebook to court over fake crypto ads. As reported by U.Today, Dutch TV mogul John de Mol actually scored a victory against the $600 bln company. 

Martin Lewis of MoneySavingExpert.com also was at loggerheads with Facebook after his name was used by fraudsters in bogus social media posts. 

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD