1. Ceglia Files Fraudulent Claim for 50 Percent Stake in Facebook
... , on October 26th. Ceglia first filed claims in July 2010 in New York citing that he had hired Facebook's founder, Mark Zuckerberg, to build a website similar to Facebook in return for half of the company. Ceglia was charged with perpetuating a "multi-billion-dollar scheme" to defraud the company, including one count of mail fraud and one count of wire fraud that ... each carry a maximum sentence of 20 years in prison (Pepitone). Ceglia first filed his suit in 2010 and caught Facebook off-guard. Facebook's assets were immediately frozen by a state court while their attorneys hurried ... ...
- Word Count: 825
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate