With all of the hoopla and controversy surrounding Wall Street and greedy hedge fund managers the financial industry makes me sick. It seems like everyone is out to get for themselves and to heck with everyone else.
Here is Wall Street on a lighter note.
A woman from Oshkosh, Wisconsin has been charged with 31 counts of theft, forgery and making misleading statements after she sold fake stock in Facebook. Of course Facebook has yet to go public but is expected to be one of the biggest IPOs in history.
Marianne Oleson has been charged following a four-month campaign of selling and using fake Facebook stock for financial gain.
Would You Believe Her?
Oleson claimed that she had been given $1 million in stock because her daughter knew Mark Zuckerberg. Even though stock in the company will not be on open sale for some months to come and her scam came into play even before the company's pre-IPO statement, she defrauded various people out of considerable sums of money by using legitimate share subscription documents that she then doctored.
Together, these incidents alone brought in just under $77,000. The largest complaint listed in this report comes from a resident of Oshkosh who gave Oleson around $43,000.
Oleson did her best to fraud anyone she could, including the contractor working on her house who accepted $13,980 in fake stock and then convinced him to pay her another $10,000 in cash to buy more. Two complaints have been made by other local residents to the tune of just under $10,000.
How sick is this woman? It appears Oleson may even have scammed her own daughter, allegedly giving her fake stock for Christmas.
If Oleson is convicted she could face over 218 years in prison and about $418,000 in fines for these and other unrelated drug charges.
Again, what is Americas coming to when so many are out to defraud and steal. I would like to think a stop theft class would help her and could easily recommend one. But someone like this needs to pay restitution to the community. People, please do not steal what does not belong to you.