Entrepeneur Sued for Attempted Facebook defrauding

Paul Ceglia, a New York-based entrepreneur is accused of attempting to cheat social-media company Facebook by saying he is the rightful owner 50% of the stocks of the said company, according to law enforcers.

The said businessman allegedly made up claims and altered evidence in a legal case requesting for ownership of 50% of the company properties. He was arrested at his private residence in Wellsville, NY.

According to Atty. Preet Bharara, Mr. Ceglia wanted fast cash derived from obvious fabrications. According to prosecutors, 9 years ago, Mark Zuckerberg, while still a student at Harvard University came in terms with the said business man to do programming jobs for him and his fax industry.

Businessman arrested for fraud, claiming he owns part of Facebook. (Image: Thos003 (CC) via Flickr)

Mr. Ceglia, however claimed in his lawsuit that he and the Facebook founder inked a deal that guarantees him half-ownership of Facebook, but Mark Zuckerberg states that he had not even reckoned creating the social network back in 2003.

Lawyers for the social media company defend by saying the 2-page contract between Zuckerberg and Mr. Ceglia was not about a half-ownership deal, but about creating a street-mapping program. The NY-based business man allegedly tampered the document by inserting Facebook references.

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Neal Alfie Lasta

I enjoy learning and writing about social media and the latest in mobile updates.

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