Friday, July 4, 2014

Ceglia claims half of Facebook-complicated ownership of FB again on the stage

As most of you already know Mark Zuckerberg, Facebook's founder, has been battling Paul Ceglia since 2010.New York federal prosecutors claim that defendant Paul Ceglia, who brought his legal troubles upon himself when he sued Zuckerberg and submitted as evidence a contract that the government claims is forged, is to argue that Zuckerberg hacked him and framed him.
I would like to mention some flashbacks of above issue.Last year, Ceglia claimed he and Zuckerberg signed a contract giving Ceglia 50% of Facebook. Most legal experts dismissed Ceglia's lawsuit as outlandish, but it has resurfaced with evidence that promises to make this a messy affair.
Ceglia, owner of a wood pellet fuel company, put forth in a lawsuit filed last July,2011. In the suit, he claimed that he and Zuckerberg had an agreement in which Ceglia would receive 50% of Facebook for a $1,000 investment, in addition to 1% of the company each day until a site called "the face book" was completed. Since the project was allegedly 34 days late, Ceglia says he was entitled to 84% of the company.
The lawsuit claimed that Ceglia offered Zuckerberg $1,000 to work on a project called StreetFax, as well as $1,000 to fund "the face book." The suit claimed the two met in Boston and signed a contract with a witness.
Allegedly, Zuckerberg and Ceglia discussed details such as the site's domain name and business model. The suit said Zuckerberg mentioned the Winklevoss twins in November 2003, telling Ceglia that he had "stalled them for the time being." Eventually, according to the suit, Zuckerberg told Ceglia he thought that 1% of equity for each day of delay was unfair, and the two agreed to split the project 50/50.
Things allegedly blew up in April 2004, two months after Facebook's blockbuster launch. Zuckerberg is supposed to have told Ceglia he was thinking of taking the server down and wanted to give Ceglia his money back. Ceglia responded negatively, claiming that Zuckerberg was pulling "criminal stunts."
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