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Who is Paul Ceglia? He was once a convicted fraudster for taking advance payments of wood pellets from a business he owned without coughing up the goods. However, he became embroiled in a lawsuit when he stepped forward claiming he owned a major stake in Facebook.
With news of his past came to light, many dismissed the case. But when he presented written evidence showing a contract between Ceglia and Zuckerberg, the case took a turn for the worst -- at least for the Facebook CEO, Mark Zuckerberg.
If he does in fact own over 80% of the company, he could depose Zuckerberg as CEO and find himself in a serious lawsuit. Whether this would have a knock-on effect to users of the site, we can only speculate.