Copy link
Increase text size
Decrease text size
Link copied

Billionaire wants Facebook to reveal details of man behind bogus crypto scam

Image by Simon Steinberger from Pixabay

Fri, 27 Mar 2020, 00:11 am UTC

Wissam Al Mana has demanded that Facebook drop the names of the people behind the bogus crypto scam that used his photo.

Al Mana, Janet Jackson’s ex-husband, is estimated to be worth 1 billion euros. He owns exclusive regional rights to prominent brands including Harvey Nichols, Alexander McQueen, Balenciaga, and Hermès.

In February, he sued the social media giant for allowing an ad about a cryptocurrency scam using his name to promote itself in the Middle East. Al Mana claimed defamation, malicious falsehood and false advertising from the purported crypto firm “Bitcoin Trader.” He also wanted to know the names, addresses, contact details, payment methods and billing addresses of those behind the ad, Cointelegraph reported.

Al Mana has sued Facebook Ireland Ltd and all the parties involved in the ads. The social giant already removed the ads but the billionaire is concerned that fraudsters would publish similar ads in the future.

High Court Justice Leonie Reynolds urged them to resolve their differences before she hears the order application. They are set for dispute hearing in May, but it might be moved due to the coronavirus outbreak.

According to Cointelegraph, Al Mana was not the only victim of crypto scams. Several other cases also involved big names including Richard Branson, Elon Musk and Bill Gates. Back in November, a Dutch judge also ordered Facebook to pay 10,000 Euros ($10,890) whenever a fake Bitcoin ad featuring John de Mol, creator of the original Dutch version of “Big Brother” and “The Voice” appears.

Meanwhile, Bank of China (BoC) has continued its anti-crypto narrative. It urged people to abstain from investing in digital assets.

“First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue,” BoC wrote.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • susu
  • 2020.06.23 04:26:56
It is crazy when exchanges like StoxMarket isn't taken down after cheating several hardworking individuals wanting to invest attain financial freedom. Personally, I invested $750,000 expecting 120% as promised. Since I deposited, I haven't been able to withdraw neither my capital nor profit. I reached out to my account manager but all effort was in vain.
Weeks went by before i stumbled on FASTFUNDSRECOVERY AT PROTONMAIL COM after seeing their reviews on quora. They were able to recover my funds in less than a weeks. Thanks to Shaw for working me through all the processes and how to prevent getting scammed again. i hope this helps someone in similar situation i was.
  • 0
  • ·
  • 0
  • Moses
  • 2020.06.13 02:07:34
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more me on whatsapp :+12067425358 happy new year to you all .
  • 0
  • ·
  • 0
  • Jkell
  • 2020.04.08 14:07:05
With the recent resurgence of the cryptocurrency market, it’s no surprise that the fraud and scams that became so common in 2017 are picking up again. If you’re an IEO or STO investor, it’s critical to have a good understanding of blockchain technology so that you can spot the obvious scams and avoid losing money.However, not all scams are so easy to spot. I fell victim once and lost all my savings, thanks to the expertise of WWW  RAPIDASSETRECOVERY COM and his team that helped me recover my funds. 
  • 0
  • ·
  • 0
  • Jkell
  • 2020.04.08 14:06:31
Horrible experience with and Lecia G.Harley Financial Service on instagram (leciafx_investments). I initially invested $500 to start and was gaining ok profit. A week later was asked by Lecia to upgrade from basic to VIP by paying $1250 to gain better profits so I paid. About a week later I was sent an email from 365cryptobitcore to pay $2000 to keep signal going to the account due to the COVID-19 virus and stock markets plummet. Paid $2000 and tried to withdraw my profit at this point and they asked for $3000 for a Wirex transfer card in order to complete withdraw. I sent the money and they did not finalize it because it was sent split $2000/$1000. They did not state that you couldn’t do that in their email. They then asked for $5000 to complete the withdraw. I contacted their customer service and asked them to waive that fee since they didn’t state that you couldn’t split in their email sent a screenshot of the email as well. They said they couldn’t waive the fee. I then asked for a refund of the fees paid because I should not have to pay $5000 to withdraw and they ignored my message. Sent many messages over a few days and they still have not responded nor have they refunded me or given me my withdraw. This site is a SCAM do not trust this site. I’ve given them $6,700 total and thought I have lost all that and my profits because they will not release it but thanks to the recovery expert RAPIDASSETRECOVERY(RAR) I have gotten all my money back, no upfront payment until funds are fully recovered. Contact WWW  RAPIDASSETRECOVERY  COM through their official website and they will guide you on simple steps to take in getting your lost fund back.
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $16,567.40 (-1.58%)
  • Ethereum (ETH) $500.13 (-1.10%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $259.24 (-3.07%)
  • Chainlink (LINK) $12.07 (+0.01%)
  • Bitcoin (BTC) $16,567.40 (-1.58%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.