Report: Mark Zuckerberg Sued For $1 Billion: Did He Pull a “Martha Stewart” on Facebook Investors?

After we saw Martha Stewart actually go to prison for insider trading will Mark Zuckerberg face the same fate? A new lawsuit claims Mark Zuckerberg pulled a billion dollar fast one on Facebook investors.

The class action lawsuit, filed by obviously ticked-off Facebook shareholders, claims the 28-year-old CEO had inside info that the stock was overvalued, and he protected his own financial wealth by quickly unloading a ton of Facebook stock.

This is the second time a group of FB shareholders have joined forces to accuse the young CEO of withholding information. The lawsuit claims Zuckerberg and his friends hid the fact that there was a major flaw in the Facebook business model, Basically there was not nearly enough advertising revenue to support a stock valued at $38 a share.

The lawsuit claims Morgan Stanley, JPMorgan, and Goldman Sachs, all sounded the alarm before the IPO that Facebook was seriously overvalued, but that information was "selectively disclosed" to the largest investors.

What will the fate of young Mark be? I mean he only has about 15 Billion in the bank... Poor Lil Feller

[TMZ]