Facebook has paid over $4 million to victims to reimburse them for the unauthorized ads purchased using their ad accounts. The company in question is Hong Kong-based ILikeAd Media International Company Ltd., which was incorporated in 2016. Facebook also sued Chinese software developer Chen Xiao Cong and marketing director Huang Tao in connection with the scheme. Once infected by malware, the company used victims accounts to promote deceptive ads would promote shoddy items such as diet pills and male enhancement products, Facebook said.
Source: https://threatpost.com/facebook-alleges-company-infiltrated-ad-fraud/150884/