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The Internet Businesses Crime

Believing in Aliens Derailed This Internet Pioneer's Career. Now He's Facing Prison (bloomberg.com) 32

Joseph Firmage, a former Silicon Valley prodigy who built a $2.5 billion web services company in the 1990s, is now being sued by investors who claim he defrauded them through an alleged antigravity machine scheme. In 1998, at the height of his success as CEO of USWeb, Firmage claimed an alien appeared in his bedroom, derailing his corporate career. He then spent decades pursuing UFO research and attempting to develop antigravity propulsion technology, raising millions from investors.

Court documents allege Firmage and associates are responsible for roughly $25 million in losses through various companies and schemes. Some investors say he used elaborate ruses, including people impersonating government officials, to solicit funds. Firmage, currently in jail on elder abuse charges, maintains he was actually the victim of international scammers who exploited his access to investors.

Believing in Aliens Derailed This Internet Pioneer's Career. Now He's Facing Prison

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