United Kingdom TV Personality and MoneySavingExpert.com founder Martin Lewis has dropped his legal action against Facebook, after the company agree to do more on scam ads. Martin had file a law suit in April 2018 over 1,000 fake advertisement on Facebook with his face or name, many of them crypto scams.
I’ve today agreed to drop my campaigning defamation lawsuit against Facebook regarding scam ads in return for it to
a) Donate £3m to set up Citizens Advice Scam Action in May
b) Introduce (unique to the UK) a scam ads reporting button & monitoring teamhttps://t.co/TyGkQfpQCe
— Martin Lewis (@MartinSLewis) January 23, 2019
Part of the settlement Facebook will roll out a dedicated reporting button for fraudulent ads in the UK. Also Facebook will donate £3 million to Citizens Advice charity. The money will go to UK Scams Action project (CASA). Facebook will fund it through a £2.5m donation in cash over the next two years and £500,000 worth of Facebook ads Reported by MoneySavingExpert