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Appeals court rejects man’s claim that he owns half of Facebook

Fugitive fails to prove he loaned $1000.00 to Mark Zuckerberg for 50 % share in Facebook; Judge throws out the case

Mark Zuckerberg

 

The United States appeals court yesterday dismissed the case against Facebook, where a fugitive had claimed that he owned 50  % of Facebook because he had loaned $1000.00 to Mark Zuckerberg.

Paul Ceglia, a wanted man, had filed suit against Facebook and its CEO Mark Zuckerberg in 2010, claiming he was entitled to the 50 percent ownership stake in Facebook, the basis of a 2003 “Work for Hire” contract…

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