I read a few reports on a pair of Aussie guys whose credit card / eBay fraud syndication was smashed by police. I have always know the modus operandi of some people who would make purchases of items in brick-n-mortar stores using stolen credit card information and then off-loading those goods at a cheaper price.
Many such goods were sold in eBay and other similar online auction marketplaces. As you know, selling on eBay is very easy; selling cheap items is easier.
Like I said, I have always known about the way these people operate but I never know how large they could get. In this case, it was $4.5 million syndication. I take it to mean AUD4.5 million and not USD4.5 million since these two guys are Australians and the news reports came from major Aussie publications.
These two guys will be charged over their eBay fraud syndication and it would be interesting to see is they would be convicted and if so, what punishment awaits them.
Many such goods were sold in eBay and other similar online auction marketplaces. As you know, selling on eBay is very easy; selling cheap items is easier.
Like I said, I have always known about the way these people operate but I never know how large they could get. In this case, it was $4.5 million syndication. I take it to mean AUD4.5 million and not USD4.5 million since these two guys are Australians and the news reports came from major Aussie publications.
These two guys will be charged over their eBay fraud syndication and it would be interesting to see is they would be convicted and if so, what punishment awaits them.
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