The nonprofit Tech Transparency Project identified 63 scam advertisers that collectively spent $49 million on Facebook and Instagram.
The ads have reached tens of thousands of users across Meta’s platforms.
Meta is allowing this activity despite prohibiting scams and claiming to invest in scam prevention measures.
The company stated it would invest in building new technical defenses as scammers constantly evolve their tactics.
All 63 scam advertisers had their advertisements removed by Meta within the past 12 months for policy violations.
Meta disabled 35 ad accounts only after they ran dozens or even hundreds of advertisements.
One advertiser called the Relief Eligibility Center ran a deepfake video of Trump falsely promising stimulus checks.
This ad directed users to a website offering a free $5,000 check from Trump and targeted people over 65 in more than 20 states.
The latest findings highlight the explosion of online fraud affecting American adults.
The Federal Trade Commission reported a more than four-fold increase since 2020 in complaints from older adults losing $10,000 or more to scammers. – AFP
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