Today's Close-Up S2024E09 - Fighting Fake Ads: The Spread of Investment Frauds on Social Media

Fake investment ads that feature prominent figures are abundant on social media in Japan, making an increasing number of victims. According to the National Police Agency, damage from such fraud totaled 27.8-billion-yen in 2023 alone. The celebrities featured in the ads are also voicing their anger. Platform operators bear some responsibility but what does the vice president of content policy at Meta have to say? We look into those scams that take advantage of Japan's current investment boom, as well as potential measures against them.

Guest:
Ikegai Naoto (Professor, Graduate School of Law, Hitotsubashi University)