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See Full StoryOne eBay user has been arrested and another indicted on fraud and money laundering charges stemming from uncompleted auctions on the site, company officials said Tuesday.
FBI spokeswoman Laura Bosley told the E-Commerce Times that the two investigations involve the alleged defrauding of nearly 250 individuals over the past 18 months and more than US$110,000 in losses.
Bosley added that the investigation is continuing and that more charges are possible.
To get to the true reality of what's taking place on the ebay auction site, one needs to monitor the POSTS on the Feedback Discussion Page. Site Map>Community Help>Feedback. I ran into several problems on ebay and aired my problems and opinions. Much to my surprise it was if I were a teenager joining a gang. I wasn't street wise, didn't know how to dress, didn't know the signs or speak the lingo. The ebay community has come to accept deception and fraud as part of doing business. Forget about the statistics. They are manipulated by complaint case interpretation. Visit the site and you will get the feel of the frustration between the had and the experienced. To give one example, many sellers have found that displaying the Paypal logo is an endorsement of integrity and will attract more bidders. They may not be entitled to display the logo, but ebay will not do anything about it. If you bite, then you're cat food. Because of Paypal's integrity and ebay's laxity, I fear the last of any guiding honesty (Paypal logo) will disappear.
