Ebay Caution

hamtaro

New member
Hi guys,

I was reading the March 27, 2006 edition of Newsweek, there is an article abt ebay, the title is;
Swimming With Sharks: With more people buying goods on online autcion sites, crooks are getting even more aggresive.

It was abt someone name Chung who bid for a Patek Phillipe for $ 10.600, the seller account showed that she had sold numerous Swiss watched, and all her customers had posted positive feedbacks. Well, he wired the money and, of course, didnt get the watch.

"The scam, incereasingly common, highlights the growing vulnerability of online auction houses. CHung had unwittingly sent money to a fraudster who had hijacked the ebay account of a legitimateseller. Hijackers typically obtain passwords to accounts by 'phishing;, which entals spamming thousands of email addresses with official looking, but bogus, messages that solicit passwords to auction accounts. Once hijacker gain access to an account, they impersonate the legitimate owner, benefiting from that person's positive feedback. The feedback ssyetem is crucial to online auction firms and their users because it builds trust that lubricates deal-making. But scammers are getting better at gaming the system by stealing the reputation of others."

As for Chung, well...
"...emailed ebay repeatedly, seeking redress. 5 days later the San Jose, California-based company responded, inviting Chung to contact the authorities instead. The FBI suggested Chung talk to the police in Hong KOng. A police oficer in HK told Chung to forget abt it---such fraud is widespread"


Hope this helps,
Bambang
 
This is why more and more I'll ONLY pay with a credit card. I had one bad experience with a helmet that turned out to be fake, but I paid with VISA and returned the item and eventually was able to get a full refund. I was still out money for shipping and had a few other fees (had to pay a dealer to evaluate the piece and write a letter stating that the piece was indeed bad). But today I really try to avoid paying cash or check if Visa is an option. Plus I get miles so my helmets get me an upgrade to business class! :D
 
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