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Dumbest Moments in Business

The biggest blunders of 2012.

Guy who sued Facebook risks 40 years

dumbest moments 2012 paul ceglia

If you're trying to score a quick buck, creating fake contracts to bilk a name-brand company out of millions probably isn't the way to go.

But that's what Paul Ceglia allegedly did to Facebook and founder Mark Zuckerberg. Ceglia came to dubious fame in July 2010, when he filed a lawsuit claiming he paid Zuckerberg to build a website similar to what became Facebook -- and that they agreed to split the company.

The legal back-and-forth stretched on for the next two years until federal agents arrested Ceglia at his home in October, on charges that he "doctored, fabricated, and destroyed evidence to support his false claim."

In November, a federal jury indicted Ceglia on the fraud charges. If convicted, he faces up to 40 years in prison.

We can safely assume Paul has unfriended Mark. -- Julianne Pepitone

- Last updated December 19 2012 05:01 PM ET

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