Morning Edition

NPRWis. Woman Tried To Profit From Facebook IPO

  • February 3, 2012, 6:47 AM

Police in Wisconsin have charged a woman with theft over accusations she tried to profit from Facebook's initial public offering. Authorities say she sold fake stock in the social media giant.

Transcript

RENEE MONTAGNE, HOST:

Good morning. I'm Renee Montagne. OK, there's the graffiti artist who will make millions because he opted for stock over cash for painting murals at Facebook's offices. Then there's the contractor in Oshkosh who took Facebook stock for work on the home of Marianne Oleson. She claims she'd acquired the stock because her daughter knew Facebook's founder. But the stock is fake. Oleson is accused of fraud, and the contractor, not in for millions, but out thousands. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

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