How social media platforms have turbocharged investment fraud

Mark Kenkre (+44 (0)208 057 7480, mark.kenkre@kellerlenkner.co.uk) is a partner at Keller Lenkner UK where he specialises in complex and commercially sensitive disputes involving fraud, and leads the firm’s investment mis-selling and fraud team.

Investment fraudsters are plundering a new demographic of victims via advertisements on social media – while the platforms appear slow to intervene and quick to pocket the ad revenue. Robust action from legislators, including meaningful costs for online companies that carry the ads, is urgently needed, writes Mark Kenkre of Keller Lenkner UK.