Caijing Magazine President Xie Jinhe strongly condemns the rampant proliferation of fraudulent advertisements on Facebook: Why hasn't the government taken any action at all!

Jimmy Lai, the publisher of "Next Magazine" and "CommonWealth Magazine," a well-known financial figure, recently discovered that he had become a victim of identity theft by a fraudulent group. These criminals used his name and photo to post false advertisements on Facebook in an attempt to deceive the public. President Xie and his team have been actively contacting Facebook in hopes of immediately removing these deceptive ads. Unfortunately, the response they received was that these ads comply with Facebook's "Advertising Policies."

Xie Jinhe Questions Facebook's Moral Responsibility

After returning from India, Xie Jinhe discovered that a scam group not only stole his photos but also impersonated him to release new scam advertisements, claiming to protect fans from being deceived. They even created a fake Facebook account to further confuse the public. This blatant fraudulent behavior has not only gone unchecked by Facebook but has been somewhat tolerated.

Media Silence and Government Ineptitude

Xie Jinhe expressed even greater concern that besides social platforms, even media outlets like the Liberty Times that should uphold journalistic ethics have been publishing these scam advertisements. This not only lowers the standards of the media but also makes it harder for the public to distinguish between truth and falsehood. Xie Jinhe's protests and reports seem powerless under the current system, raising doubts about the government's effectiveness in combating online fraud.

Xie Jinhe's experience highlights the importance of online security and personal privacy protection, as well as the serious flaws in ad review by social platforms and media. Faced with this situation, he urges government agencies to strengthen supervision and demands that platforms and media take responsibility for their ad content to ensure that similar fraudulent activities do not occur again, protecting the public from deception.

Disaster Amplified! Cryptocurrency Facebook Scam Advertisements

In Facebook pages related to the blockchain industry, such as, they often fall victim to impersonation scams. What's even more frightening is that scammers, through comments on fake pages, due to the anonymity of cryptocurrencies and the irreversibility of funds, deceive many people into transferring funds to the fraudsters' cryptocurrency wallets. Compared to regular impersonation scams, this leads to faster monetary losses and allows the fraudsters to disappear from financial oversight. It is urged that all readers not believe in any investment or lottery activities advertised through comments or ads on Facebook to avoid falling into traps.

In recent years, Facebook has faced criticism for its inaction in managing community platforms and risks; this year, Meta's founder, Zuckerberg, was accused by legislators in the United States of disregarding youth protection during a congressional hearing, leading to him being criticized as having "blood on his hands," for which Zuckerberg has apologized.

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