An Oshkosh woman has been charged with 31 counts of theft, forgery and making misleading statements after she sold fake stock in Facebook.
Wisconsin resident Marianne Oleson has been charged following a four month long campaign of selling and using fake Facebook stock for financial gain.
According to reports on CNBC, 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 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.
A report in The Daily Mail outlines some of the complaints made. 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. She also paid a contractor working on her house a total of $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.
A WLUK FOX 11 report also claims that Oleson may even have scammed her own daughter, allegedly giving her fake stock for Christmas. Talking to FOX 11, a Winnebago County Sheriff's Office representative, Jeff Bellin, said that there may be more victims who haven't yet come forward.
If Oleson is convicted she could, according to a Northwestern.com report, face over 218 years in prison and about $418,000 in fines for these and other unrelated drug charges.