Wednesday, April 7, 2010

EBAY SCAM STOPPED

An eBay scam was stopped by U.S. Postal inspectors in Florida. A three year investigation uncovered that a Florida resident and his son were selling items on eBay but never delivering the merchandise. The two stole $717,000. The father was sentenced to 5 years in jail. The son is thought to be in Brazil. We have not heard of any antiques being offered in this scam.

7 comments:

Anonymous said...

I am an ebay seller and I don't see how this "scam" could go on and on. I would have paypal and ebay all over me if I did not ship items I had sold. My current auctions would be shut down and my account frozen. I don't believe this is true. I think this is a bogus article made to scare people from buying on ebay. Ebay fees are scarey enough for me.

Terry Kovel said...

Unfortunately, it is true. They did this from 2003-2008 with 260 accounts and 5500 transactions and even faked their own feedback.

See the details:
http://www.miamiherald.com/2010/02/22/v-fullstory/1494672/how-a-bold-ebay-scam-was-tracked.html

There is always someone who can pull off a scam – look at Madoff.

Anonymous said...

If this is true, ebay needs to be investigated for fraud. Are they so greedy that they overlook scams?

Anonymous said...

I believe that I was victimized by this person. I purchased two expensive prints and paid with a MO. The prints were never delivered and the buyer closed there account. I was able to get a refund from Ebay. Seller was in Florida.

ulfwolf said...

Great post.

Perhaps I can just add to this that the best way to guard against being ripped off by online sales or auctions of any kind, eBay included—and whether seller or buyer—is to use a bona fide online escrow company. Although it does add some cost, that will take uncertainty out of the transaction.

For my money, the best bona fide online escrow (and there seems to be ten fraudulent escrow sites for every bona fide one) is probably Escrow.com (http://escrow.com). In fact, it’s the only one that eBay recommends.

Take care,

Ulf Wolf

Anonymous said...

If there were no antiques sold by this ebayr why is this even on here? I feel that any slam that can be made to ebay is front page news for Kovel's....some of us support both.

Anonymous said...

I appreciate the information Terry. I too sell on Ebay but only go through paypal. The more sites I visit the more horror stories I hear. I am becoming reluctant to continue with this hobby.