KUALA LUMPUR: Private equity firm Creador has slammed social media giant Meta for being too slow in taking down fraudulent posts from its platforms, making vulnerable Malaysians the victims of scammers.
In a statement, Creador's founder Brahmal Vasudevan said scammers have also impersonated the company and its registered non-profit Creador Foundation to lure Meta's social media users through sponsored posts promoting investment seminars and offering investment advice.
“Vulnerable people, especially the elderly, are losing money to these scams. They must be protected from scammers who are allowed to advertise on these platforms. We are concerned that Meta is not cracking down hard enough. Allowing these sponsored posts to be published is unacceptable,” Brahmal said.
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