Facebook, Once Again, Says That Ceglia's Claim To Own 84% Of Facebook Is A Fraud

from the strong-words dept

Back in April, when Paul Ceglia refiled his lawsuit claiming to have a contract which gave him a huge chunk (up to 84%) of Facebook, some people pointed out that the refiled lawsuit sounded a lot more credible. There was additional email evidence and (mainly) the fact that a huge, extremely reputable law firm had taken on Ceglia as a client -- something they likely wouldn't do if they thought the whole thing was faked. However, Facebook is sticking to its claim that the whole thing is an elaborate fraud by "an inveterate scam artist whose misconduct extends across decades and borders." The response claims that the evidence was doctored or fabricated. It seems like this case is going to end up being a lot more interesting to watch than the Winklevii case. Someone alert Aaron Sorkin to the sequel possibilities...

Filed Under: equity, mark zuckerberg, ownership, paul ceglia, scam
Companies: facebook

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  1. icon
    xs (profile), 27 May 2011 @ 6:56am

    Re: Re:

    Stupidity by Facebook people doesn't apply here. The alleged original contract was a very basic one between a college student and one man for a very small sum. Neither of them could have envisioned the extent of this little project expanded into, so there were no lawyers breaking down every word to make sure it's water tight.

    Whether the whole thing is fake or not, it is very likely that it's out of statue of limitation. In both Connecticut and New York, the Status of limitation on contract is 6 years, and in California where facebook is based, the limitation is 2 years. The initial contract was allegedly made in 2003, the last date involved in the dispute as calculated by the 84% figure is Feb 4, 2004, and this guy filed in July 2010. So it's at least 5 months too late anyway.

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