The Justice Department is making a push to disrupt the schemes, which use social media to find buyers for risky stocks.

Scammers are currently capitalizing on investors' emotions with fraudulent Facebook ads to lure users into handing over large ...

Michigan AG Dana Nessel, joined by 42 attorneys general, urges Meta to tackle investment scams on its platforms.

Scams on Facebook and WhatsApp luring users into fake investment schemes are on the rise, according to Michigan Attorney General Dana Nessel. “These scams spreading across ...

Bipartisan coalition of 42 state attorneys general sent a letter to Meta demanding immediate action against investment scam ...

Pennsylvania Attorney General Dave Sunday joined 42 other AGs in sending a letter to Meta urging it to combat scam advertisements on its platforms. Sunday said the scams use images ...

Pennsylvania Attorney General Dave Sunday is leading a bipartisan coalition of 42 Attorneys General calling on Meta Platforms ...

The fraudulent ads are luring users into pump-and-dump schemes that have led to thousands of people losing hundreds of ...

Bird says scams often involve well-known financial advisors' images to lure victims into buying worthless assets.

Facebook scam ads now leverage AI and deepfakes to create convincing celebrity endorsements, targeting specific demographics with sophisticated schemes.

Meta, the parent company of Facebook, Instagram and Whatsapp, is struggling to control the rise of cyber scams on its ...