The target of the court case -- Social Media Series Limited -- was accused of violating cybersecurity laws by taking payments in exchange for artificially promoting posts and accounts. Its activities were estimated to bring in $9.4 million over its period of operation, according to Facebook. The court documents detailing the lawsuit were filed in California, as reported by the Washington Post.
The agreement reached between Facebook and the company states that three people who were involved in the operation are banned from Facebook services and must pay a total of $500,000.
Facebook has instituted a site-wide crackdown on fake accounts and other fraudulent activity on its platforms. In March, it filed a lawsuit against four companies based in China for selling fake likes and followers, and last year, it removed over 1.5 billion fake accounts. It has also cracked down on spam accounts and pages, but has struggled to deal with a recent influx of porn bot comments on Instagram.