The Qatari Billionaire sued Facebook in Dublin last week for defamation, false advertising and malicious falsehood. Wissam Al Mana, the executive director of Qatar conglomerate, Al Mana Group, is one of the most famous business magnates in the middle east.
Despite having the net worth of more than $1 billion, the businessman leads a secretive life. He is rarely seen interacting with the press and even doesn’t have any official social media accounts. He is also known as the former husband of famous pop start Janet Jackson. Not having any official social media account is one of the significant reason for him being vulnerable to crypto scammers.
One such case happened last week too when Peter Sagan, the legendary Slovakian cyclist tweeted about the fake article, get the rich quick scheme. In the article, it is mentioned that the cyclist referred states about this scheme, where he also showed the audience fake reports.
Luckily, Sagan had twitter to address the fake news to his fans and stay clean of any issue.
It was not the first time when a billionaire took Facebook to court for fake cryptocurrency advertisements. Even last year in November, one of the famous Billionaire Dutch TV moguls, won a case against Facebook over fake crypto ads. Scammers used the photos of the founder of the famous TV show Big Brother and The Voice, John de Mol, to fake people into a Bitcoin Scam.
According to the reports, the victims of the scams lost more than 1.7million. When Facebook failed in taking down the ad from the internet, the famous Dutch Mogul took the $600 bln company to court, and luckily the court ruled in favour of him.