Rinehart has conceded a legal overhaul may be the only way to prevent people from being swindled as she lashed social media giant Facebook for its inaction on scam ads and implied the company should foot the bill.
Australia’s richest person Gina Rinehart has conceded a legal overhaul may be the only way to prevent people from being swindled as she lashed social media giant Facebook for its inaction on scam ads including several which used her likeness.
But in a statement to this masthead, Rinehart revealed Meta Platforms to date had failed to act — leaving its users at risk.The Hancock Prospecting boss highlighted there was no legal mechanism by which scam victims could retrieve funds lost to the scams facilitated by the platform, and appeared to call for a legislative crackdown.
“Greater action is needed to stop scams and intentionally fraudulent content from being available and advertised to millions of Australians. And I assume, spread overseas as well,” Rinehart wrote. The DPP formally took the reins in December 2023, and Meta pleaded not guilty to three counts of recklessly dealing with the proceeds of crime.
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