Facebook's Wanna-Be Co-Owner Arrested for Fraud
Remember Paul Ceglia, the New York businessman who claimed Facebook founder Mark Zuckerberg gave him a 50 percent stake in the social media behemoth? Well, it turns out federal prospectors didn't buy it. Early Friday the 39-year-old Ceglia was arrested at his Wellsville, N.Y., home and charged with one count of mail fraud and one count of wire fraud. Each carries a maximum sentence of 20 years in prison - ouch! Last year Ceglia, in an amended lawsuit against Zuckerberg and Facebook, claimed that in 2003 Zuckerberg agreed to enter a business relationship that would give Ceglia a 50 percent state in a company called "The Face Book," which later became Facebook. Ceglia even pointed to a contract that Zuckerberg allegedly signed in April 2003.