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Facebook's Zuckerberg takes on Paul Ceglia

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Uploaded on Apr 13, 2011

Mark Zuckerberg vanquished the Winklevoss twins this week when a court ruled they could not appeal their multimillion dollar settlement. But Zuckerberg faces a new legal challenge from felon Paul Ceglia.

Ceglia claims to own 84% of Facebook. Ceglia says he paid Zuckerberg $1,000 to develop "The Facebook". That gave him a 50% stake, plus 1% every day the project was late.

Ceglia says he has the contract and emails to support his claim. He has hired high-powered law firm DLA Piper. But Facebook alleges that Ceglia has fabricated the emails and contract. If the documents are genuine, Ceglia could reap billions. That would make him one lucky contract troll!

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