Law must address profits made by companies from fraudsters’ advertisements
Ministers must force tech giants such as Google, Facebook and Microsoft to stop the “immoral” practice of profiting from the £10bn of pension fraud committed by internet scammers, a committee of MPs has urged.
Fraudsters use online advertisements, mostly on Google, to trick people out of their pension funds, according to a report published by the work and pensions select committee, but regulators are “powerless” to hold the internet firms to account.
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Originally posted in the guardian.
