NY State slaps Ebay shill bidder

Discussion in 'Computer Support' started by Tester, Jun 9, 2007.

  1. Tester

    Tester Guest

    I wonder if this is sufficient to discourage future events.

    http://www.nytimes.com/2007/06/09/business/09auction.html

    A Manhattan jewelry dealer who directed his employees to secretly
    place bids that inflated the price of goods his company auctioned on
    eBay has agreed to pay $400,000 to settle a civil fraud complaint, the
    New York attorney general, Andrew Cuomo, said yesterday.

    The settlement also bars the merchant, Ezra Dweck, and his company,
    the EMH Group, from participating in online auctions for four years,
    according to a statement by Mr. Cuomo’s office. The settlement
    includes a $100,000 fine and $300,000 in restitution.
    [...]

    --
    Posted via a free Usenet account from http://www.teranews.com
     
    Tester, Jun 9, 2007
    #1
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