SCAM SELLER HAS "THEIR" ITEM SENT TO YOU:

These scams are rare compared to the many other mentioned scams on ebay, but they DO exist. These scams (if not account hijacking or the other scams) should convince you that you MUST keep your bidding low and stick to cheap, inexpensive items.

-TRIANGULATION of many types e.g. where "seller" uses your CC data or stolen CC data to a company and tells the company to send the item to your address and you are left holding the bag paying off the remainder of monthly installments to the company--AGAIN REMEMBER, NEVER GIVE OUT YOUR CC INFO OR OTHER FINANCIAL OR PERSONAL INFO TO ANY SELLER ON EBAY OR ON THE WEB UNLESS THEY'RE A BIG NAME AND/OR HIGH HONEST REPUTABLE COMPANY,
NEW UPDATE added 6/08/04: Music Triangulation Scammers using Amazon

Click here for a serious illustration on TRIANGULATION, A FORM OF MONEY LAUNDERING

-FENCING GOODS he's stolen from stores or elsewhere and selling on ebay which comes back on you later thru police authorities, etc. knocking on your door which means you will have to give back the item to the store the scammer stole it from. Stealing or fencing goods in order to sell on ebay is so commonplace that one ebay seller stated on an ebay forum board that over 50% of the goods on ebay are stolen or fenced in some way.

Fencing:

  • Fencing for Jet Skis
  • San Diego cop stealing church loot & more to sell on ebay
  • Stealing goods from Retailers then Returning for Credit or Selling on ebay.

MONEY LAUNDERING

Sometimes, you'll see auctions where every rule you see about scammers is going on and/or mostly 0 bidders are bidding. What's going on??

Money laundering is basically the process of running the ill-gotten gains from criminal acts through our financial systems to disguise their illegal origins and make them appear to be legitimate funds and, therefore, spendableMoney laundering can be linked to any crime that generates significant proceeds such as (most notably) drug trafficking as well as arms smuggling, extortion, fraud, racketeering, insider trading, tax evasion and sundry other crimes. It should be noted, however, that laundering techniques are sometimes used to illegally hide perfectly legal funds. Wealthy CEO divorce cases come to mind, for example! And then there's the tendency of government agencies to circumvent spending limitations by reallocating or recharacterizing resources. Ever heard of Iran/Contra?

Ebay doesn't help with its permissiveness towards multiple i.d.'s. Many times, naive or desperate people bidding are PAID to bid. Organized Crime (drugs, prostitution, gambling, etc.) and the Terrorist Groups may be involved. Is related to Feedback Shilling. Also related to ooTUS Sellers-- "Agents" "Intermediaries" & ooTUS Sellers-- Paypal

Money Laundering:

  • Scammer bids up art painting/Money Laundering
  • ebay/Paypal Suspected of Money Laundering Gambling Money In Violation of Patriot Act

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