Ceglia's Bail Set at $250,000

A federal judge has set Paul Ceglia’s bail at a quarter of a million dollars.

Ceglia is in jail on charges of mail fraud and wire fraud in connection to the lawsuit he filed claiming he signed a contract with Facebook founder Mark Zuckerberg that gives him at least a 50 percent share in the multi-billion company.

Zuckerberg has contended all along that he did sign a contract with the Wellsville man but it had nothing to do with Facebook. Authorities say Ceglia doctored that contract to make it look as if it pertained to Facebook.