State Attorneys General
New York Attorney General Warns of Investment Scams on Meta Platforms
By Richard B. Newman |
On April 6, 2026, the Office of the New York Attorney General issued an “investor alert” to warn New Yorkers about the purported prevalence of fraudulent investment schemes proliferating across Meta platforms, including on Facebook, Instagram, and WhatsApp. According to the NY OAG, ”scammers are increasingly using deceptive advertisements and ‘deepfake’ technology to lure investors…
SCAM Act Legislation Introduced to Hold Platforms Accountable for Deceptive Ads
By Richard B. Newman |
On February 4, 2026 Senators Gellego (D-AZ) and Moreno (R-OH) introduced bipartisan legislation to crack down on deceptive online ads. The Safeguarding Consumers from Advertising Misconduct (“SCAM”) Act would require online platforms to take reasonable steps to prevent fraudulent and deceptive ads and strengthen accountability when they slip through the cracks. The bill could potentially…