Monday, February 5, 2007

Man banned from eBay for alleged shilling

A British man, one of eBay.com's "Titanium PowerSellers," has been permanently removed from the Web site for alleged shill bidding.
Shill bidding is when the seller artificially drives up the price of an auction, The Sunday Times of London said.
Eftis Paraskevaides, an antiquities dealer from Cambridgeshire, England, allegedly used his ex-wife's eBay account to drive up the prices of at least 400 items, the newspaper reported.
Six users were permanently banned from the auction site after after The Sunday Times ran an investigation on shill bidding and passed the evidence on to eBay, the newspaper said.
Paraskevaides antique company made around $2.7 million, making him a "Titanium PowerSeller" and one of eBay's top earners.
Last month he told an undercover reporter that he was able to have business associates bid on his auctions, The Sunday Times alleged.

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