I normally suggest that people don’t buy much stock in the first place (I used to compare Wall Street to legalized gambling, until someone pointed out to me that there are laws against casinos cheating and lying to their patrons while Wall Street is allowed to do exactly that), but that advice goes double when the stock isn’t even on sale yet…and don’t get me started about people who pay $28,000 for something without doing any research into it.
Stafford, a construction worker, did work on Oleson’s home in Nekimi in Winnebago County.
According to the criminal complaint, after Oleson couldn’t pay up, she offered to pay Stafford in fake stock in Facebook.
“I think it’s a great opportunity, it’s a growing business so on and so forth,” said Stafford.
In all Stafford wound up with more than $28,000 worth of fake Facebook stock.
How’d it add up?
$18,000 was in payment for work he did on Oleson’s house. And Stafford paid an additional $10,000 in cash for even more fake Facebook stock.
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The criminal complaint lists five people, including Stafford, that either purchased fake stock from Oleson or had it given to them as a gift. One of those people is Oleson’s own daughter, who allegedly received fake stock as a Christmas gift.“You think there might be more victims out there?” asked FOX 11’s Bill Miston.
“Yes, we believe there is,” replied Bellin.
News report is here.