A scam on EBay Inc., the largest Internet auctioneer, that duped users out
of $880,000 for computers they bid on and never received has
netted a Connecticut woman a four-year, nine-month jail sentence.
U.S. District Court Judge Nathaniel Gorton also ordered the
woman, Teresa Smith, to repay $857,776 to buyers of the computers
she never shipped and fined her $10,000. Smith, 25, pleaded guilty
on Dec. 20 to five counts of mail fraud and five counts of wire
fraud, according to a statement from the office of U.S. Attorney
Michael J. Sullivan.
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Sullivan said the scheme appeared to be the largest case of
Internet auction fraud ever prosecuted. Sullivan claimed Smith,
who also went by the name Teresa Iaconi, sold computers to 350
individual buyers through Internet auction sites from April 2001
to October 2002.
Bloomberg News
