OKLAHOMA CITY (June 20, 2025) – Attorney General Gentner Drummond is calling on Meta Platforms Inc. to protect consumers from fraudulent pump-and-dump investment ads appearing on Facebook.
Drummond and 41 other state and territory attorneys general sent a letter to Meta earlier this month outlining concerns about ads impersonating well-known investors and claiming to offer high returns on investments. The scam has caused thousands of people to lose hundreds of millions of dollars.
“Meta’s processes for detecting and blocking these scams are clearly failing,” Drummond said. “The company owes its users protection from devastating financial losses. Meta can and must do more.”…