Impostors posing as hedge-fund manager Bill Ackman have been scamming investors through stock-market schemes, as reported by the Wall Street Journal. These scams, which have been particularly active on Facebook, have led to investors losing millions of dollars. Despite complaints, including those from Ackman himself, Meta has not removed the fraudulent ads. The situation highlights the growing issue of fake profiles and scams on social media platforms, exploiting the identities of well-known financial figures to deceive unsuspecting individuals.
WSJ covers the fake Bill Ackman scam I complained about, and even Ackman himself can’t get Meta to remove the ads. https://t.co/gbI0L964Nh
Phony Billionaires on Facebook Are Scamming Americans Out of Their Life Savings https://t.co/oIUuUpiQDd via @WSJ
A Fake Bill Ackman Is Scamming Investors Out of Millions on Facebook https://t.co/hjdTJpEIg1 via @WSJ
Bill Ackman is fighting a losing battle against Bill Ackman. Impostors posing as the hedge-fund manager keep luring hapless investors into stock-market scams. https://t.co/HKJv1RkV6B https://t.co/HKJv1RkV6B
Did @BillAckman ever go through with his threat to sue Business Insider?
Did @BillAckman's ever go through with his threat to sue Business Insider?