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To: RFH who wrote (6692)	1/25/1999 7:11:00 PM
From: Bruce A. Bowman	Read Replies (1) of 18928

Hi Robert- Here's a news item from InfoBeat on an investment that may well be turning in a negative return soon. Looks like eBay has drawn the attention of at least one fraud investigation unit because of sellers on the eBay site that may be less than honest about the authenticity of what they're selling. If they can prove the fraud, eBay would be involved because, since eBay gets a percentage of each sale, they've benefited from the fraud. Bruce ------------------- New York probes eBay New York City's Department of Consumer Affairs for fraud is investigating sports memorabilia trading on Web-based auction site, eBay. Disreputable dealers have sold supposedly one-of-a-kind items to more than one buyer, the New York Post reported. The city department is putting its money where its suspicions are, making purchases on eBay to gather evidence. Investigators are described as looking for patterns of bogus trading with objectives said to include referrals to the U.S. Attorney's office and developing a view that eBay itself could be charged with fraud because it collects commissions on sales.

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