Mark Zuckerberg’s 24% share of Facebook might end up in vain as the case between New York businessman named Paul Ceglia progresses.
In CNNMoney’s report, a seven-year-old contract signed by Facebook founder Mark Zuckerberg granting the businessman an ownership stake in then-fledgling Web project may be real, a Facebook lawyer acknowledged Tuesday in federal court hearing.
The said paper is still under verification of Zuckerberg’s side. “Whether he signed this piece of paper, we’re unsure at this moment,” Facebook lawyer Lisa Simpson told U.S. District Judge Richard Arcara in Buffalo, N.Y. Another related report by Bloomberg.
In this case, Facebook assets were already frozen from any transfer.
Facebook, the most innovative social networking site ever built and became part of daily Internet activities of student, office workers and other regular individuals.
Mark Zuckerberg Facebook founder poses at his office. Will he be leaving it soon?
Mark Elliot Zuckerberg, known as co-founder of the popular social networking site Facebook along with his fellow classmates Dustin Moskovitz, Eduardo Saverin, and Chris Hughes while still Harvard. As of March 2010, he is the youngest billionaire in the world, with a net wealth of US$4 billion in 2010 due to his 24% share of Facebook. Source (Wikipedia).
See alleged case and contract Ceglia’s filed here.
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