Woman Accused of Selling Fake Facebook Stock

Defrauded victims of tens of thousands of dollars

   

Marianne Oleson of Oshkosh, Wisconsin has been charged with 31 counts of forgery, making misleading statements and theft over accusations that she sold fake Facebook stock.

She took advantage of Facebook’s highly anticipated plans to go public and told unsuspecting victims she was in possession of $1M in stock thanks to her daughter — who she claimed was an acquaintance of Mark Zuckerberg.

She then used this lie to defraud people in the following ways:

  • Paid a contractor for work done on her house with $13,980 worth of fake Facebook stock.
    • The contractor also paid $10,000 (in cash) for additional stock
  • Promised to send a 66-year-old man suffering from a vision impairment stock certificates after he gave her four checks totaling around $43,000.
  • Sold a total of $9,900 worth fake Facebook stock to two other men.

The Facebook IPO is the biggest social media IPO to hit the market since last year’s filing of Pandora (NYSE:P), Zynga (NASDAQ:ZNGA), LinkedIn (NYSE:LNKD) and Groupon (NASDAQ:GRPN).

Read the full account at CNBC.

– Andrew Lander InvestorPlace, @andrewlander


Article printed from InvestorPlace Media, http://investorplace.com/2012/02/woman-accused-of-selling-fake-facebook-stock/.

©2014 InvestorPlace Media, LLC

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