Facebook Happy To Take Money For Scam Ads

BBC Dragons Used To Promote Bitcoin Scam

Recently, Facebook has made it clear that it won’t tolerate the advertising of scams on it’s social network. However, the reality seems to be somewhat different. I and many others seem to be getting more scam ads than ever. Nearly all the ads that appear on my timeline are promoting bitcoin trading platforms that promise to turn your initial investment of $250.00 into millions in months. Nearly all the ads feature stars from the BBC’S Dragon’s Den. Peter Jones is the most heavily featured. The ads claim that their Bitcoin trading platform secured the biggest investment in Dragon’s Den history. A lot of the ads feature the brothers from MoBro, who were successful in getting investment from the Dragons, although their business sells beard oils, not Bitcoin trading platforms.

I am getting at least twenty of these fake news scam ads on my timeline a day yet when I tried to share posts from my business Facebook with family and friends they removed my posts and investigated me for spam! The difference is, I guess, I wasn’t paying for my posts. It looks to me that as long as you’re paying Facebook then they are not worried about fake news and scams. I wonder what the BBC make of stars from one of their biggest shows being used in these scams?