​Mark Zuckerberg Neighbors Accuse Facebook Tycoon Of Property Fraud

Mark Zuckerberg Neighbors
Author: Michael StevensBy:
Staff Reporter
Oct. 5, 2015

Tags: Mark Zuckerberg | Neighbors

Mark Zuckerberg’s neighbors have brought fraud charges against the social media tycoon that only a jury will now have to decide.

Real estate developer, Mircea Voskerician, who is one of Mark Zuckerberg’s neighbors, claims that the Facebook tycoon promised to introduce him to his high-powered friends in Silicon Valley — which he apparently didn’t follow through on, according to Silicon Valley Business Journal.

And in yet another twist, Voskerician’s attorney David Draper also appealed the court to withdraw from the case. Draper cited two rules that state his participation could present ethical dilemmas.
Judge Lucas is expected to make a ruling on Draper’s petition next week, which could potentially delay other decisions in the case.

Mark Zuckerberg neighbors in property dispute

Mark Zuckerberg neighbors in property dispute

Voskerician had owned the rights to buy the property adjoining Zuckerberg’s backyard in 2012, according to court documents. He offered to sell his interest in the land to Mark so the Facebook CEO could gain more privacy.

Mark Zuckerberg opted to buy the rights, but Voskerician rejected that deal. That’s when things got messy.

At a meeting with Zuckerberg’s financial advisors, Voskerician says he offered Mark a discount, in exchange for introducing him to his Silicon Valley network of friends and associates and providing referrals to help boost his business.

Voskerician says he agreed to sell for $1.7 million “plus [Mr. Zuckerberg’s] promises of personal referrals and business promotion activities” — promises Voskerician claims Zuckerberg hasn’t kept. Judge Lucas still needs to rule whether the breach-of-contract claims should be thrown out.

David Draper did not respond immediately to requests for comment.

Neighbors who are following the dispute don’t have much to say about it. They’ve heard both sides of the case, but find it completely amusing.

In court papers, Voskerician’s realtor openly mocks the Facebook founder, who he refers to as “just a kid.” In November 2012, Voskerician reportedly sent Mark Zuckerberg a letter saying he planned to tear down the property behind his home and replace it with a 9,600 sq-ft mansion, which he would then sell.

“The real estate developer was going to build a huge house and market the property as being next door to Mark Zuckerberg,” a source said at the time.

Mircea Voskerician

In the letter, Voskerician apparently told the tech executive, who is worth an estimated $33 billion, that the mansion would have a direct view of his home, including his “yard and master bedroom.” If “Mark plans to live there long term, he has one shot to ensure his privacy is where it needs to be,” the developer wrote in an email to one of Zuckerberg’s people.

However, he then made Mark an unusual offer. Deeming himself a “good neighbor,” he proposed to sell a slice of the property at “100 percent premium” to grant him more privacy.

Two weeks later, the pair came to the agreement that he would buy Voskerician’s contractual rights to the entire house for $1.7 million, which the latter described as a “steep discount.” He’s been one of Mark Zuckerberg’s neighbors ever since.

Tags: ,

Share this article