District Judge Casey Pitts ruled that Andrew Forrest is entitled to damages from Meta Platforms for negligence and breach of duty to perform in a commercially reasonable manner.
“Meta profited from a fake advertisement that used a generated image of Andrew Forrest. Some of the posts were accompanied by fake testimonials from investors claiming to have turned $250 into millions in a matter of months. This is sufficient to adequately state that Meta may be held liable for the results of fraudulent advertising,” the court’s ruling said.
Billionaire Andrew Forrest believes that the Meta administration was criminally negligent, which contributed to the spread of a massive fraudulent advertising campaign and the deception of millions of unsuspecting crypto investors.
The businessman’s new lawsuit against Meta Platforms alleges that Meta’s generative artificial intelligence software GenAI helped criminals create deepfakes that were then widely used on Facebook, Instagram, Threads and WhatsApp.
Previously, the Australian Prosecutor General’s Office refused to prosecute Andrew Forrest against Meta, citing insufficient evidence to initiate a case of negligence.
Source: Bits
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