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Wisconsin woman charged with selling fake Facebook stock

OSHKOSH, Wis. — As Facebook announces plans for going public with a stock offering, an Oshkosh woman has been charged with selling fake shares of the Internet social networking company.

Marianne Oleson is charged with 33 felony charges in Winnebago County Circuit Court. Prosecutors say the 46-year-old woman claimed to own Facebook stock and duped at least four people into buying some shares. A criminal complaint said one man gave Oleson $28,000 in cash and $14,000 in concrete work in exchange for stock documents that appeared to be legitimate.

Authorities said Oleson obtained the documents from a Florida company that owns private Facebook stock by pretending she was interested in purchasing $1 million worth of shares. Oleson allegedly told the victims she had $1 million in private Facebook stock because her daughter had gone to school with the company’s founders, the Oshkosh Northwestern reported.

The Northwestern also reported that Oleson also is facing drug charges. Police said they discovered a marijuana growing operation while executing a search warrant at her home in January.

Source: AP