According to the complaint filed Thursday, Marianne Oleson would have claimed one million dollars in Facebook stock and have convinced several people to become the purchaser.

She was accused of 31 charges, including theft, forgery and misrepresentation.

Facebook announced Wednesday, almost eight years to the day after it was created by Mark Zuckerberg, its proposed IPO with the intention to raise $ 5 billion.

Marianne Oleson, according to the complaint, explaining that her daughter was linked to Mark Zuckerberg and had had access to titles Facebook. 

She would have paid in false actions including a contractor who performed for nearly 14,000 dollars of work on his house. The man would have also paid 10,000 dollars to buy other securities fictitious.

Another of his alleged victims, a sexagenarian, he would have four checks totaling about $ 40,000.

The IPO of Facebook, expected in May, should be the operation of this type the most anticipated of the year, and set a passing record for a spin start-up Internet.

At its IPO in 2004, Google had sold nearly two billion dollars of securities.

European stock markets have taken the bull by the horns Friday night, driven by renewed optimism for two days of the EU summit must respond to the crisis in the euro area. Paris ended up 2.8%, Frankfurt 3.5%, London 1.9%, 2.8% and Madrid. The eyes are now fixed on Brussels, which is expected to announce concrete steps Sunday to save Greece, prevent contagion of the crisis in fragile countries in the euro area, and reassure the markets.Update on four major issues in this summit.

The loan to Greece is he paid?

Greece has a positive decision of the creditors (IMF, EU, ECB) after passing the test on Wednesday and Thursday of the street. Parliament passed a new law Thursday austerity which provides further wage cuts and layoffs in the setting of 30,000 employees. But if the payment of this sixth installment of the loan of 110 billion seems to be accepted by Brussels, the IMF's involvement is less. The institution is actually more pessimistic than Europe on the development of public finances of the country.

What level of discount for Greece?

The discussions relate "50%" according to a European source. This level imposed on the country's private creditors would erase 67.5 billion euros of Greek debt that will culminate later this year to 357 billion euros (about 162% of GDP).That's a lot more than what was agreed at the Summit of 21 July, the discount was set at the time to 21% of the commitment of private creditors. If this hypothesis is confirmed, this discount will remove 20% of the debt. The Union of Greek Industrialists (SEV) held Friday consequences "dramatic" if this level should be imposed on private creditors. But this statement should not weigh very heavy in view of the issues … However, the whole question is about the ability of Europe to offer a discount to private creditors 'voluntary' of their claims. For without this principle, the credit event could be delivered, which would open the door to bankruptcy of the country.

How much money to recapitalize the banks?

To allow banks to withstand losses on the country's debt, the EU will reassess the capital ratios of European banks to the tune of 9%.For this, the European Banking Authority (EBA) has assessed the need for recapitalization of banks from 80 to 100 billion euros. The question is whether this amount will be enough to reassure the markets knowing that the IMF rather evoked a level of capitalization to 200 billion euros. In all cases, the major European banks were against a forced recapitalization. And warned that, given the difficulties to obtain financing, this would lead them to reduce the size of their balance sheets. In other words, to reduce their lending activity.

How to strengthen the EFSF?

This is where things get complicated. For Paris and Berlin have not yet found agreement on the issue. For France, it would give the banking license to the European Financial Stability (EFSF) to enable it to refinance with the European Central Bank (ECB).Leverage and the ability to fund intervention limited to 440 billion euros that can lift the markets. Paris also wants the ECB to continue to buy bonds fragile as it has done for over a year. But Berlin and the ECB refuses, and instead want to change the Fund's insurer. It would ensure any losses would have to suffer the investors in the bonds of fragile states up to 20 to 30% in case of difficulty in these states to honor their commitments. This idea has received support Friday from 10 major European banks and insurers. But here, in addition to France, Spain and Italy do not agree. Rome and Madrid, this will create a rate difference between bonds and debentures. "No one in a financial crisis, venture to purchase securities that need a crutch," said EU official.This is mainly because of these disagreements has been decided a second peak of the euro area, next Wednesday.

The French specialist of electrical equipment said in a statement that it now expects an EBIT margin (earnings before acquisition costs and impact of integration and consolidation of acquisitions in the year 2011) of 14% instead 15% previously forecast.

However, the Group confirms its forecast for organic growth of between 6% and 9% for the year.

"We expect, however, that profitability is impacted beyond the forecast, the combined effect of a mix more negative, due to growth of solutions greater than that of products and geographic mix less favorable, and a stronger inflationary pressures in emerging economies, "said Jean-Pascal Tricoire, chief executive, said in the statement.

The turnover of the group reached 5.697 million euros in the third quarter, representing organic growth of 7.7%.

At 9 months, organic growth reached 9.3%, faster than the annual target.

The activity "Power" (38% of sales in Q3) recorded organic growth of 7.6%, "Energy" (21% of sales) increased by 7.3%, "Industry" (19% of sales ) 6.6%, "IT" (15% of sales) of 12.6% and the activity "Buildings" (7% of sales) 3.0%.

The activity remained stable in Western Europe, the main market of the group (31% of sales), while Asia organic growth of 15% and North America 9%.

Emerging markets, which posted growth of 14%, now represent over 40% of the total turnover of Schneider.

France and Germany have promised to present at the European Summit of 23 October a plan to recapitalize banks, responding to the situation worse than expected in Greece, increasing the firepower of the European financial stability and reforming the governance of the euro area.

"We will over the coming days to continue our discussions but we already have on contractual agreements that will be very important," said French Finance Minister, Baroin, after a meeting Friday with his German counterpart Wolfgang Schäuble and Nicolas Sarkozy.

Meanwhile, European leaders are putting added pressure on banks to force them to recapitalize and enable them to withstand greater losses than expected on the sovereign debt of the most fragile area.

The European plan will be included in a series of commitments that will be announced at the summit of Heads of State and Government of the G20 3 and 4 November in Cannes, which will close the French presidency of the Forum of 20 major economies.

Many measures discussed by finance ministers and central bankers of the G20 meeting in Paris on Friday and Saturday were referred to this deadline.

SUMMIT OF CANNES

In Paris, important steps were expected Saturday on the reduction of major global financial and economic imbalances, a priority for the French Presidency, with the objective that the seven countries identified as major sources of the imbalances present in Cannes "two or three significant steps "in this sense.

"We need fiscal consolidation measures for countries in excessive deficit and measures to support global activity for those who have surplus," explained a French source before the meeting.

According to an official of the G20 countries, the Chinese have thus expressed their readiness to "ensure that growth in China does not slow down, even if there is a risk of inflation through expansionary fiscal policy."

No major breakthrough is expected, however in Paris on the Chinese currency, the yuan, which the strict control by Beijing is considered one of the major causes of global imbalances.

The "path integration" of the yuan in the currency basket of Special Drawing Rights International Monetary Fund, a discussion underpinned by the loosening of the Chinese currency, is among the priorities of Cannes, with the objective of A schedule.

BANK CASH

The draft G20 communique obtained by Reuters Finance reaffirms that its members will ensure that banks have sufficient liquidity, in particular through central banks, as they undertook to do at the recent G7 Finance in Marseille.

The debate on the proposed increase of IMF resources, defended by almost all emerging G20 but faces opposition from the United States and Japan, will also resume in Cannes.

Discussions were still Saturday on whether to publish the list of banks considered to be running in size a systemic risk the global financial system, where the G20 should agree on capital surcharges.Again, final decisions will be taken in Cannes.

"Principles" for emerging economies suffering from speculative capital movements must also be finalized for the upcoming summit of the G20, to help control these flows in order to avoid destabilization of the economy.

The gross rate of unemployment in Germany down again. The level reached in September has a new record low at 6.6%, ignoring the economic uncertainty and the crisis of the euro. The unemployment rate fell to gross 6.6% in September, as against 7% in July and August, which already marked its lowest level since the reunification of the country, according to figures released Thursday by the Employment Agency. Its level is the lowest for 20 years.

In data adjusted for seasonal values, the unemployment rate also fell to 6.9% against 7% a month earlier. This represents 26,000 fewer unemployed, where economists were expecting 10,000 less."The demand for labor remains strong," said the director of the Employment Agency, in a statement, and that while the situation in Germany, as in the euro area is marked by uncertainty .

Recent surveys of the financial community (ZEW) and entrepreneurs (Ifo) portend a slowdown in economic activity in the coming months. Already in the second quarter, the German economy had slowed sharply, with GDP rising by only 0.1%. Chancellor Angela Merkel, however, on a table growth "closer to 3% than 2.5%" this year, the official government forecast of 2.6%.

Kweku Adoboli, the trader accused UBS of fraud that cost $ 2.3 billion in the bank, was detained, following his appearance before a London court Thursday. The boy will remain jailed at least until his next hearing on October 20, announced the judge.

One of the counts added was retained by the court in this case for a fraud committed between October 2008 and December 2010. "He is sorry for what happened, beyond what it can express," said his lawyer, Patrick Gibbs. "He went to the people of UBS and told them what he had done. It is now appalled by the magnitude of the consequences of his disastrous miscalculation," he added.

The trader, 31, who appeared Thursday in dark gray suit and blue tie, is suspected of fraudulent transactions within UBS. He was charged and detained last Friday in London. His lawyer did not indicate whether he intended to plead guilty at this point. The gendarmes of financial markets in Switzerland and the UK have also launched independent investigations into the circumstances of the losses incurred by UBS.

"We will exceed Mercedes this year and move from place to number three to the number two," said Rupert Stadler to the press on the sidelines of the Frankfurt Motor Show.

Audi is also optimistic about the prospects for the sector as a whole.

"There are two warning signs. Sales to fleets of vehicles and sales of used cars. Neither reports of headwinds," said commercial director Peter Schwarzenbauer.

The index fell to -15.4 in September, its lowest level since August 2009, after -13.5 in August.

The current conditions component fell to -3.25 after 3.50, but the expectations rose slightly to -26.75 -29.00 after.

The magazine quotes about Markus Krall, a member of the consulting firm Roland Berger, who is campaigning to governments and EU companies to collect the necessary support to launch a new credit rating agency.

"By the end of 2011, we formed a consortium of more than 25 participants, and each will invest 10 million euros," said Markus Krall in an article in Capital.

The magazine said that the new agency would charge its credit ratings to companies three times less than the three main existing agencies, and that the costs would be settled not by the issuers of debt, but by investors.

Last week, Handelsblatt reported that Rainer Brüderle, leader of the parliamentary group of ruling Liberal Democratic Party (FDP), proposed to found a new rating agency, arguing, according to the German newspaper, implicitly initiative Roland Berger.

In addition, three sources familiar with the situation told Reuters that wealthy German families were ready to support another project, that of creating a rating agency based in Switzerland, in order to ensure greater political independence.

The new agency would be content at first to note the credit companies, the sources said.