Eight nabbed in eBay fraud

Date: July 27, 2007
Source: thestandard.com.hk


Police have arrested eight people over a HK$5 million internet scam that made use of international e-auction platform eBay to cheat would-be buyers all over the world.

It is believed more than 10,000 people have been swindled through fraudulent transactions and police are still trying to ascertain the actual number of victims.

The suspects - five men and three women aged between 18 and 47 - were detained in raids that began across the territory early yesterday. They are alleged to have been involved in a well- organized e-auction fraud syndicate that was smashed following intensive investigations with the help of eBay, which is based in the United States.
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