The U.K. basedclientadviser,who alsoruns MoneySavingExpert.com,darnedFacebook forinflictingthefinancial catastrophe by promoting scam advertisements on itstrustworthysocial network,severalsolely featured byhimself also. Lewis inAprfiled a lawsuit against the ‘Mark Zuckerburg’ forpermittingads to run on its platformwith nobackground check on the promoters. He plans to distribute any court settlement among the victims of the bitcoin investmentthemeads if thecasegoes in his favour.
But,within thismeanwhile,many investorshave already reached out to Lewis with their stories,thathe shared withnativemedia.
Mentioning further Lewis added:
“The impact on peoplesmental stateof losing their retirement funds, or losing their children’s, children’scash that they thought they wereinvestingisharmfuland life-destructive, and this all had allendowedas a result oftheir featured ads.”
“Peoplewhosay, ‘I’ve lost all my retirement funds, I don’tknow how to sustain, peopleare crying their eyes out,” he explained. “From my perspective, theseindividualssay, ‘Isolelydid thisas a result ofItrustedMartin Lewis.’ Perhaps youcan seehowI feelregardingit.”
Lewis is reportedly seekingcountlessmillionsindamage from Facebook to compensate victims before he settles.He’sconjointlyseekinganapology and “manifest substantial change”within the strategiesbythatthe social media company handles its paid advertising. Lewis hasantecedentlyasked Facebookto hirespecialisedprofessionalsthat wouldmonitor and report false advertising quickly,specifically that misuse the names of public figures to dupeindividuals.
Mike Schroepfer, the CTO of Facebook, told U.K. lawmakers earlier in May that they wereplanning tolaunch afacial identificationfeature toget rid ofthese blatant scams,howeveritspreparationacross their large-scale networkclothedto be impractical. In January, before Lewis filed thecase, Facebook hadbannedcrypto-advertisements on itsweb site,significantlythose promoting ICO’s.However, Itcurrentlypermitspre-approved advertisersto marketspecific services, except ICOs.
A Facebookspokespersonconfirmed tonativemedia that they were mounting theircrackdownagainst the false ad-campaigns on theirweb site.