The guy with the license plate reading, “IM QUICK,” wasn’t quick enough for Facebook’s legal team, as the New York Post reported that U.S. District Court for the Northern District of California Judge William Alsup ruled in favor of Facebook in a lawsuit against a financier from Brooklyn, which could cost Martin Grunin up to $1.4 million, as well as potential jail time.
According to the Post, Facebook accused Grunin of obtaining large advertising-related lines of credit from the social network, and then selling off those lines of credit for more than $350,000.
The Post reported that Alsup imposed a default judgment against Grunin for his repeated failure to respond to Facebook’s lawsuit, adding that the judge also referred the case to federal prosecutors for criminal investigation, writing in his ruling:
In light of the serious nature of the allegations herein, the clerk shall send a copy of this order to our U.S. attorney for her consideration and possible investigation.
Grunin, who represented himself for most of the process, has made a mockery of the case, thus far, with the Post reporting that he:
- Offered Facebook a check for $250 to settle the matter.
- Warned Facebook co-founder and CEO Mark Zuckerberg in a court filing that his failure to accept that $250 settlement would result in a “penalty” of $50,000.
- Demanded a fee of $2,000 per call to speak with Facebook’s attorneys.
- Wrote in one court filing, “I do not consent to these proceedings.”
Readers: How do you think this case will play out?
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