Anyone following the ill-fated lawsuit filed against Facebook and its co-founder and CEO, Mark Zuckerberg, by Paul Ceglia, who claimed to be the co-owner of the social network until the alleged contract his case was based on was deemed a fraud, had to wonder what Ceglia’s lawyers were thinking when they agreed to represent him, especially in light of the fact that several lawyers dropped the case at one time or another. Facebook apparently wondered the same thing, as the company filed suit against several of Ceglia’s lawyers, including those from DLA Piper, claiming that those lawyers and firms knew Ceglia’s claims were bogus but pursued the case in hopes of reaching a large settlement.
Facebook Co-Founder and CEO Mark Zuckerberg may soon come face to face with the man who claimed to be the co-owner of the social network, as Reuters reported that Zuckerberg will be called by the government to testify in its case against Paul Ceglia.
If there’s a company that knows about fraud, it’s Visa (as a preventer, not a practitioner), which released some Facebook statistics that it hopes will help prevent fraud at its Visa Global Security Summit in Washington, D.C., Wednesday morning.
Florida-based fund manager and former Oregon gubernatorial candidate Craig Berkman pleaded guilty Tuesday to defrauding investors by promising them access to nonexistent Facebook shares prior to the social network’s initial public offering in May 2012, Reuters reported.
Many Facebook users post photos of new big-ticket purchases such as houses, boats, and cars. Unfortunately, some of those Facebook users are being less than truthful with credit bureaus and other financial firms about their incomes and assets. And those companies are starting to examine Facebook more closely, Bloomberg reports.
Craig Berkman, a finance manager in Florida and former Oregon gubernatorial candidate, was hit with fraud charges by the Securities and Exchange Commission’s enforcement division over what regulators called a Ponzi-like scheme that promised but never delivered pre-initial public offering shares of Facebook and other companies.
The story of Paul Ceglia, who claims that he owns half of Facebook, will not die. Ceglia was arrested last week on suspicion of mail fraud and wire fraud. He has gone through seven attorneys while fighting Facebook, and the Los Angeles Times reported Tuesday that Ceglia’s eighth lawyer has walked out.
The Zeus Trojan is on the prowl again, hungry for credit-card information and other personal data, and Facebook is being used as the bait.
The momentum swung back in Facebook’s favor in Paul Ceglia’s suit against the social network and Co-Founder and Chief Executive Officer Mark Zuckerberg in a hearing today in the U.S. District Court for the Western District of New York.
Facebook attorneys have identified proof that Paul Ceglia has fabricated evidence to support his claim to half ownership of the social network.