Feeds

eBay scammer gets four years in slammer

Busted

  • alert
  • submit to reddit

3 Big data security analytics techniques

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. ®

3 Big data security analytics techniques

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Heartbleed exploit, inoculation, both released
File under 'this is going to hurt you more than it hurts me'
Reddit users discover iOS malware threat
'Unflod Baby Panda' looks to snatch Apple IDs
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.