ebaY 'FRAUD' BOY HELD; Teen arrested over internet scam.
A HUDDERSFIELD teenager has been arrested on suspicion of duping people on eBay.
The 17-year-old is understood to have been detained over allegations of a large fridge and other high value items such as a cooker being offered for sale on the international website where people buy and sell new and used items.
He was detained on suspicion of internet fraud A crime in which the perpetrator develops a scheme using one or more elements of the Internet to deprive a person of property or any interest, estate, or right by a false representation of a matter of fact, whether by providing misleading information or by concealment of by officers from Huddersfield North Neighbourhood policing team after they raided a Fartown house.
They acted after receiving complaints from buyers. The teenager has now been bailed pending further inquiries. Sgt Adrian Waugh from Huddersfield North Neighbourhood policing team said: "There are a number of steps people can take to avoid falling victim to fraud and I would urge purchasers to use their common sense before making transactions.
"Most auction sites offer advice as well as secure payment facilities. Buyers should not carry out any transactions which they would not feel comfortable aboutmaking off the internet. Verify the trustworthiness of the seller before sending cash, cheques or wire transfers to them.
"Beware of sellers who don't have reliable contact details or who don't respond directly to questions."
eBay states that fewer than .01% of all transactions result in a confirmed case of fraud and has a special section about how to buy on its website under a part called Safety Section.
A market winner
The online auction website was founded as Auction Web in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , on September 3, 1995, by French-born Iranian computer programmer Pierre Omidyar Pierre M. Omidyar (born June 21, 1967) is a French-born Iranian-American entrepreneur and philanthropist/economist, and the founder/chairman of the eBay auction site. Omidyar and his wife Pam are well-known philanthropists who founded Omidyar Network in order to expand their .
The first item sold on eBay was a broken laser pointer A laser pointer is a portable, pen-sized laser designed to be held in the hand, and most commonly used to project a point of light to highlight items of interest during a presentation. for EUR EUR
In currencies, this is the abbreviation for the Euro.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 14.83.
The company officially changed the name of its service from AuctionWeb to eBay in September 1997. Originally, the site belonged to Echo Bay Technology Group, Omidyar's consulting firm.
Omidyar had tried to register the domain name echobay.com - the domain has recently been put up for sale - but found it already taken by the Echo Bay Mines, a gold mining company, so he shortened it toheBay.com.
eBay went public on September 21, 1998, and Omidyar became a billionaire.