Japan billionaire sues Meta over celebrity investment scams

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 24 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 92%

Japan News

Billionaire,Sues,Meta

TOKYO – Japanese billionaire Yusaku Maezawa said on Wednesday he has sued US tech giant Meta and its Japan unit over the use of his name and image in fraudulent investment ads on their platforms.

Online fraudsters commonly use Maezawa's name and picture without his permission to lure victims. One typical advert captions his image: 'Started with 10,000 yen . Gained 1.3 million yen in four days.'Online hoaxes posted on Facebook and other social media channels in Japan led to 27.8 billion yen in losses last year, according to the National Police Agency.

'He posted a screenshot of court documents on X which showed the lawsuit was filed at the Tokyo District Court.Maezawa, who became famous internationally after paying to go to the Moon on a future mission operated by Elon Musk's SpaceX, has previously urged the Japanese government to act.According to public broadcaster NHK, Japan's ruling Liberal Democratic Party is working on plans to counter online investment scams that abuse celebrities.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meta sued in Japan over celebrity investment scamsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »