FBI Investigates Shill Bidding on EBay

Share this content:
The FBI is investigating several eBay users for shill bidding, according to a report in The New York Times yesterday.


EBay, Santa Clara, CA, would not comment directly on the case but said it is cooperating with investigators who began looking into false bidding on the Web site after the much publicized Kenneth A. Walton incident.


Walton, a Sacramento lawyer, bid on a painting he put up for auction that was rumored to be by artist Richard Diebenkorn.


EBay eventually suspended the auction and permanently stripped Walton of his eBay privileges. According to the report, Walton is also under suspicion for acting with others to bid up the price of other auctions. He has denied those charges.


Participation in false bidding, or shill bidding, violates federal statutes against mail and wire fraud. Offenses carry the maximum penalty of up to five years in prison and $1 million in fines.


EBay also suspended eight Internet names and disciplined 15 names all together since the Walton incident, the report said.
Loading links....
close

Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here