Photo credit: AFP/Getty Images | Facebook filed for its IPO in February 2012, and shares began trading publicly in May 2012. (Feb. 25, 2013)
A former securities broker from Hewlett stole more than $700,000 from clients looking to invest in Facebook, the Manhattan district attorney said Thursday.
Ronen Zakai, 42, took $705,000 from five victims seeking to invest in the initial public offering of the social media company Facebook Inc., instead using the money on country club membership fees, car payments, travel and shopping trips,...
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Source: http://www.newsday.com/long-island/nassau/da-hewlett-man-defrauded-facebook-ipo-investors-1.5718417
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