Published: Fri, March 15, 2019
Global Media | By Garry Long

Facebook (NASDAQ:FB) Under Criminal Investigation

Facebook (NASDAQ:FB) Under Criminal Investigation

Federal prosecutors in NY have reportedly begun a criminal investigation into Facebook and its data-sharing agreements with at least two smartphone manufacturers.

The Times reported that a NY grand jury has subpoenaed records from at least two companies that make smartphones and other equipment.

The two companies are among more than 150, including Amazon, Apple and Microsoft, that have entered into partnerships with Facebook for access to the personal information of hundreds of millions of its users, according to the report.

"We've provided public testimony, answered questions and pledged that we will continue to do so", it said in a statement.

The US Justice Department's fraud unit is also investigating the Cambridge Analytica scandal.

Other investigators have already been scrutinizing Facebook regarding other matters, including its relationship with Cambridge Analytica, the political firm that nefariously harvested user data and worked with the Trump campaign.

How Prosecutors Say The Admissions Bribery Scheme Worked
This was either a coach , who would falsely admit the student as an athlete, or an administrator of the SATs or ACTs. He's expected to plead guilty to charges including racketeering, money laundering, and obstruction of justice.

Facebook has defended the deals.

News of the investigation comes exactly one week after Mark Zuckerberg published a lengthy memo outlining his vision to turn Facebook into a "privacy-focused" platform.

Facebook admitted in June that it provided dozens of tech companies with special access to user data after publicly saying it restricted such access in 2015.

Facebook's data sharing deals are coming under hard scrutiny by American federal investigators. At the time, the company strongly disputed that these data partnerships violated users' privacy or the company's 2012 settlement with the FTC.

Facebook has allegedly ended most of the partnerships over the past two years.

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