[Mccoypottery-talk] OT - Ebay sellers admit to Phony bids

Lturpinky@wmconnect.com Lturpinky@wmconnect.com
Mon, 8 Nov 2004 15:26:30 EST


Sorry. Didn't realize others couldn't view this. I've copied/pasted below. 
LeeAnn


 EBay Sellers Admit to Phony Bids


By MICHAEL GORMLEY 


ALBANY, N.Y. (AP) - Eight eBay sellers were ordered to pay nearly $90,000 in 
restitution and fines after admitting they bid up products online to inflate 
the prices. 

New York Attorney General Eliot Spitzer said more than 120 people will 
receive restitution in the settlement of the three cases, which wrapped up last week 
in state courts. 

Spokesman Darren Dopp said the cases stemmed from specific complaints, but 
the office has not conducted a broad investigation of the online auction 
industry and doesn't know how widespread the practice of phony bidding is. 

One buyer, Brad Clarke, 48, of Peachtree City, Ga., already has received a 
check for $3,089 after overpaying for a 1999 Jeep Cherokee sport utility vehicle 
he bought on eBay from a New York seller in 2002. 

``I'd always been suspicious because it seems like an easy thing to do, to 
just keep bidding up,'' Clarke said. ``But I was still just completely shocked 
and very surprised.'' 


Three sellers were accused of making 610 bids on 106 of their car auctions 
under the user name ``Mother's Custom Automotive NY Dealer.'' They are paying 
more than $28,000 in penalties and restitution, Spitzer said. Their lawyers 
declined to comment. 


In another case, the operator of an art auction house and two former 
employees were accused of bidding on more than 1,100 of each others' eBay items for 
more than five years to drive up the prices. Some paintings sold for thousands 
more than they were worth. 


Spitzer said one of the sellers pleaded guilty to a felony charge, the other 
two to misdemeanors. They were ordered to pay more than $50,000 in restitution 
and fines. 


The other two defendants were accused of making 170 phony bids on their 
sports memorabilia items. They agreed to pay $10,000 in penalties and restitution. 




    
    
    
    





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