NY-AG v. Meta Platforms, Inc.

Meta Platforms, Inc. allegedly failed to protect users from fraudulent investment ads appearing on Facebook. According to NY-AG, these ads impersonate prominent figures, such as Warren Buffett, claiming to offer high returns on investments and are luring vulnerable users into pump-and-dump schemes. Thousands of Facebook users have allegedly lost hundreds of millions of dollars to these scams.

Summary generated from official New York Attorney General press release