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High-Rolling College Kid Scams Facebook for Hundreds of Thousands of Dollars

23
May
2014

A recent St. Francis College graduate who thought he could outsmart Facebook for some major financial gains, is now being hit with a lawsuit worth hundreds of thousands of dollars. Martin Grunin, a wannabe Wolf of Wall Street, according to the New York Post, told his school newspaper that money drives me completely in an interview about him being already being a financial trader. He now faces jail time for an elaborate scam involving Facebooks ads. Grunin, 22, convinced Facebook representatives to open high spending limit advertising accounts with him. After he had Facebook convinced and the accounts were open, he re-sold the ad space for thousands of dollars. Facebook estimates he earned about $350,000 and never paid Facebook a dime.

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