Authortities in the United States have arrested a woman for allegedly trying to profit from Facebook’s decision to go public by selling fake stock in the social networking site.
Hailing from Oshkosh, Wisconsin , Marianne Oleson’s alleged fraud came to the fore after several people complained that she sold them fake Facebook stock over four months. Four people fell for Oleson’s trick including a man from Oshkosh who was conned of a total $ 23,980 and a visually impaired Oshkosh man who gave her four checks of about $43,000 to pay for the fictitious Facebook stock.
Oleson lured the two other victims to buy the fake stock worth $9,900.
Oleson is said to have lured people by claiming that she had obtained $1 million in stock due to her daughter’s acquaintance with Facebook founder, Mark Zuckerberg.
Oleson now faces charges on 31 counts of theft, forgery and making misleading statements.