Articles about auction fraud

Auctioneer with hammer

Bayrob: Romanian auction fraud suspects extradited to the US

Three suspected cybercriminals have been arrested and extradited from Romania to the US over a multi-million dollar malware-facilitated scams. The suspects are believed to be members of a gang, nicknamed Bayrob by Symantec researchers, which allegedly earned a living from online fraud for nearly a decade. The indictment claims …
John Leyden, 19 Dec 2016
Auctioneer with hammer

Going, going, done: Trio of prolific auction fraud fraudsters jailed

Three men have been jailed yesterday over a conspiracy to commit internet shopping fraud scam that involved taking payments for non-existent goods and services. Calin Serbenescu, 28, a former labourer, was sentenced to five years' imprisonment; Ionut Cotavian Anitescu, 26, unemployed, was sent down for three years; while Dorel …
John Leyden, 20 Sep 2016
The Register breaking news

Auction fraud complaints prop up declining US cybercrime reports

US complaints about internet fraud dropped 10 per cent last year. The Internet Crime Complaint Center (IC3) fielded 303,809 reports of cybercrime in 2010, down from 336,655. The agency – maintained by staff from by the FBI and the National White Collar Crime Center – said the reduced figures were still the second highest in …
John Leyden, 25 Feb 2011
The Register breaking news

Stay-at-home PayPal crook used stolen funds to buy gold bullion

A computer crook who swindled eBay customers out of more than £185,000 has been jailed for three-and-a-half years. Richard Kirk, 22, and from the Sherwood area of Nottingham, raided the PayPal accounts of 303 eBay users, transferring the money to accounts under his control. He used the stolen funds to buy a variety of goods, …
John Leyden, 21 Feb 2011
The Register breaking news

Romanian middleman pleads guilty to $2.7m auction scam

A Romanian native faces jail in the US after pleading guilty to participating in a $2.7m online marketplace scam. Adrian Ghighina, 33, of Bucharest, admitted conspiracy, fraud and money laundering charges at a hearing at a US District Court in Illinois on Thursday. Ghighina acted as a middleman collecting cash and bank …
John Leyden, 18 Feb 2011
The Register breaking news

'Operation eMule' feds bust duo with 500+ eBay, PayPal accounts

Federal investigators on the trail of a multi-million dollar identity theft ring have raided the homes of two Vietnamese exchange students in Minnesota. The duo are suspected of selling discounted goods such as video games and Apple gift cards, which were purchased using counterfeit credit cards, through online marketplaces …
John Leyden, 5 Jan 2011
The Register breaking news

Police cuff 70 eBay fraud suspects

Romanian police have arrested 70 suspected cybercrooks, thought to be members of three gangs which allegedly used compromised eBay accounts to run scams. The alleged fraudsters obtained login credentials using phishing scams before using these trusted profiles to tout auctions for non-existent luxury goods (luxury cars, Rolex …
John Leyden, 7 Apr 2010
The Register breaking news

Cybercrime losses almost double

US net crime loss complaints almost doubled in value from $265m in 2008 to reach $560m last year, according to official figures. An annual report of the FBI-backed Internet Crime Complaint Center (IC3), published on Friday, reports that the unit handled 336,655 complaints in 2009, a 22.3 percent increase on 2008. Around 16 …
John Leyden, 15 Mar 2010
The Register breaking news

eBay scammer gets four years

The leader of a UK-based gang who made millions selling counterfeit luxury golf kit and other knock-off goods through auction site eBay has been jailed for four years. Gary Bellchambers and six others ran what is reckoned to be the biggest ever such scam between June 2003 and March 2008. Their fraud was eventually rumbled by a …
John Leyden, 4 Mar 2010
The Register breaking news

MPs (finally) debate cybercrime

MPs finally got around to a rare debate on cybercrime earlier this week. The debate - held on Wednesday morning, hours after Barack Obama's historic US presidential victory - was characterised by much mutual backslapping and many members of parliament praising each other for simply turning up. There are a few nuggets of good …
John Leyden, 7 Nov 2008
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Romanian cops cuff 24 cybercrime suspects

Romanian police have arrested 24 people, all thought to belong to a single cybercrime gang. The group is suspected of involvement in various identity theft, credit card and auction fraud scams said to have raked in an estimated €400,000 ($634,000) from foreign victims, according to Romanian news reports. Targets of the scams …
John Leyden, 17 Jul 2008

Anatomy of an eBay scam

Fraudulent listings on eBay continue to pile up, and the online auctioneer appears to be incapable of proactively putting an end to them. Since Friday, we've been typing "tour with a whore" into eBay's search engine (for purely research purposes, of course) and have been returned with dozens (in one case hundreds) of results …
Dan Goodin, 21 Mar 2007
The Register breaking news

FBI: Internet crime pays

Cyber-crime is alive and kicking in the USA, and playfully swimming through its riches like Scrooge McDuck in a money vault, the FBI's Internet Crime Complaint Center annual report reveals today. In 2006 US consumers filed 207,492 complaints about internet crime and reported record losses of $198.4m. Online auction fraud, such …
Austin Modine, 19 Mar 2007

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