Feeds

eBay scammer gets four years in slammer

Busted

  • alert
  • submit to reddit

The essential guide to IT transformation

A man convicted of swindling more than $259,000 using fraudulent eBay listings and other venues was ordered to serve 52 months in federal prison and pay $252,000 in restitution.

Derrick Lee Swantz, 57, of Lakewood, Colorado, was convicted in January of implementing two separate fraud schemes. In one, he offered luxury automobiles for sale on eBay and Autotrader.com. He used the phone and email to communicate with would-be buyers and directed them to make payments by making wire transfers or sending cashier's checks.

Once the payments were made, Swantz didn't deliver the vehicles. Among the autos he advertised were a 1970 Mercedes-Benz 280SE, a 2001 Mercedes-Benz S500, a 2002 Mercedes-Benz S500, and a 1997 Infiniti Q45. The scam netted more $121,750, according to prosecutors.

In the other scheme, Swantz claimed he could buy used Xerox copiers for low prices and sell them at substantial profits. He'd ask would-be investors for large sums of money so he could purchase and refurbish a particular machine. Victims paid more than $17,500, according to prosecutors.

Swantz was indicted by a federal grand jury in Denver in October 2007. In January, a jury found him guilty of one count of mail fraud and 27 counts of wire fraud. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Goog says patch⁵⁰ your Chrome
64-bit browser loads cat vids FIFTEEN PERCENT faster!
Chinese hackers spied on investigators of Flight MH370 - report
Classified data on flight's disappearance pinched
KER-CHING! CryptoWall ransomware scam rakes in $1 MEEELLION
Anatomy of the net's most destructive ransomware threat
NIST to sysadmins: clean up your SSH mess
Too many keys, too badly managed
Scratched PC-dispatch patch patched, hatched in batch rematch
Windows security update fixed after triggering blue screens (and screams) of death
Researchers camouflage haxxor traps with fake application traffic
Honeypots sweetened to resemble actual workloads, complete with 'secure' logins
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.