Ceglia Charged With Fraud Over Facebook Ownership Suit

Law360, New York (October 26, 2012, 2:47 PM EDT) -- A man who previously claimed in a New York federal lawsuit that he was entitled to a 50 percent stake in Facebook Inc. was arrested Friday and faces criminal fraud charges for allegedly basing his claims on doctored evidence.

Prosecutors filed mail and wire fraud charges in New York federal court against Paul Ceglia, 39, of Wellsville, N.Y., alleging the lawsuit he filed against Facebook falsely claimed that he was promised a 50 percent interest in the social network. The suit was part of a scheme...
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