Everyone’s favorite “Facebook co-owner” is back in the news, as Paul Ceglia was indicted on wire fraud and mail fraud charges Monday by a federal grand jury in New York, The Steuben Courier Advocate reported, and he faces up to 20 years in prison.
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.
The long-running saga of Paul Ceglia may finally be nearing its end, as U.S. District Court for the Western District of New York Judge Leslie Foschio recommended that the lawsuit in which Ceglia claims to own one-half of Facebook be dismissed.
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.
In the latest installment of the ongoing saga of the man who claims to own one-half of Facebook, Paul Ceglia entered a plea of not guilty Wednesday on one count each of mail fraud and wire fraud related to a contract with Facebook Co-Founder and CEO Mark Zuckerberg that Ceglia allegedly doctored in an attempt to claim his Facebook stake.
The train of bad news for self-proclaimed Facebook co-owner Paul Ceglia kept rolling on, as a federal grand jury in New York voted to indict him on one count each of wire fraud and mail fraud, the same charges that led to his arrest last month.
The shaky case brought by Paul Ceglia against Facebook Co-Founder and CEO Mark Zuckerberg finally had the already weak foundation ripped out from under it, as U.S. postal inspectors arrested Ceglia Friday at his home in Wellsville, N.Y., charging him with falsifying records and destroying evidence.