Facebook Inc (FB) Used By Chilean Teen To Sell Unborn Baby

Facebook Inc (NASDAQ:FB) is in the news for the wrong reasons yet again, as a Chilean teen used the platform to sell her unborn baby for just $113. Veronica Carrera Chaparro, 18 was arrested by the police along with her sister and mother, who allegedly helped the girl to sell the baby.

Facebook Inc (FB) Used By Chilean Teen To Sell Unborn Baby

Teen had three options

According to the police, Chaparro came to know that she was two months pregnant in February 2013. At that time, she told her boyfriend not to discuss it with anyone.  Her 17 year old boyfriend, however, relayed the information to her family. Chaparro’s mother, Angela Chaparro, 42, and her 24-year-old sister Daniela Perez reportedly gave her three options: “Sell it, abort it or give it up for adoption,” said police chief Miguel Ampuero.

Chaparro reportedly went for the selling option, and placed the advertisement on Facebook Inc (NASDAQ:FB). A couple from the city of Concepcion immediately showed interest, but both parties could not reach a deal. Another interested party came from Santiago, who offered to pay the child’s $1870 formal registration fees.

A complex case

Chaparro gave birth to the baby on November 4 and a day later, the husband of the buyer paid the sum to the authorities. According to Cooperativa, the couple paid a small amount to the birth mother, who lived in the Maipu district of the capital.

All three of the accused were arrested and charged in connection with the sale of the baby. Both sisters and the mother appeared in a court, in Santiago, on Sunday. Judge Ernesto Silva said the case was “very serious,” as, under the Chilean law, it is not illegal to offer the delivery of a newborn on the internet, along with a financial compensation. Police also arrested the buyers, who were expected to appear in court on Monday.

Facebook executives exercise RSUs

In separate news, seven Facebook Inc (NASDAQ:FB) executives and directors revealed the exercising of restricted stock units (RSUs), resulting in the conversions of Facebook’s class-B into class-A common shares, and stock sales in Form 4 filings with the Securities and Exchange Commission (SEC) on Friday.

Facebook’s Chief Financial Officer David Ebersman, Chief Operating Officer Sheryl Sandberg, Chief Technology Officer Mike Schroepfer, Vice President and General Counsel Colin Stretch, Chief Accounting Officer Jas Athwal, Director Reed Hastings and Director Erskine Bowles are the executives who exercised the RSUs.

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About the Author

Aman Jain
Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at [email protected]

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