SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : eBay - Superb Internet Business Model
EBAY 86.89-12.7%10:05 AM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Doug Fowler who wrote (1079)12/13/1998 5:15:00 PM
From: James Overko  Read Replies (1) of 7772
 
eBay Suspends User for Swindling Up to $100,000, Newsweek Says
<Picture>

New York, Dec. 13 (Bloomberg) -- Internet auctioneer eBay Inc., which lets people buy, sell and trade items ranging from stamp collections to cars, suspended a former vendor who allegedly swindled eBay users out of at least $30,000 and possibly as much as $100,000, Newsweek magazine reported. Sonny Stemple offered items he never delivered on eBay, which isn't offering refunds to the victims, though eBay Chief Executive Margaret Whitman is advising them to ''take it up with local law enforcement.'' EBay's software broke down on Monday and Wednesday of last week, affecting thousands of bids, thought the site has had fewer than 10 hours of unscheduled down time since April, the magazine reported.

Last month, eBay said it plans to begin regional auctions for expensive items that are hard to ship long distance, such as cars and furniture. (Newsweek 12/21 72 www.newsweek.com)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext