Woman Caught For Selling Fake Facebook Stock

For those who were thinking that getting around faking Facebook stocks is not that hard are wrong, because a precedent to this extent has been set for them. Recently, a woman in Wisconsin was charged with theft when she was accused of trying to sell fake Facebook stocks, which presented as real, according to a report by CNBC. The 46-year-old woman named Marianne Oleson pretended to have obtained stocks worth $1 million because her daughter knew Mark Zuckerberg, the social media genius behind Facebook.

But that was not the limit of her crime. She went on to sell these fake Facebook stocks for about four months before she was caught in her reality. She was then charged with 31 counts of theft, forgery and passing misleading statements. Who knew that Facebook’s much awaited IPO, which some analysts predicted to be as high as $10 billion for investors, would brew such a sinister plan in some woman, who thought she could outsmart and deceive others.

She victimized the contractor that worked in her house last September, paying him with $13,980 worth of fake Facebook stocks. The contractor paid her $10,000 in cash for some additional stock. He finally realized his mistakes when he found that she lied about her name and discovered other weird stuff on documents which referred to the transaction.

She was eventually accused of fraud against a 66-year-old man who suffered from vision impairment. The old man gave her four checks worth $43,000. Her tricks worked on those lacking some physical ability, but she was caught in the midst when she thought she could get away with it. There are other innocent people victimized by her, taking out $9,900 worth of money out of them. It is good that this case was caught before it was too late. It is a learning examples and a warning to those who might spring with anything similar.


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