One student’s bid to clear debt
Instead of seeking debt advice, one university student thought that he had found the perfect debt solution by conning eBayers out of thousands of pounds.
In an attempt to settle debt from his student loan, this cunning seller placed advertisements on Ebay for laptops and console games which he never owned. He copied photographs of the items and wrote detailed descriptions of them. Gullible eBayers were impressed with his ads and sent him payment via PayPal. After several days, customers started to get worried when their goods never arrived. They complained to PayPal who looked into this matter for them.
Paypal reimburses bidders
Upon investigation, it was noted that the devious student was pocketing his PayPal payments but not sending out any goods. He avoided correspondence from his exasperated buyers and banked the money. His misleading advertisements netted him profits of over £10,000.
After over 40 complaints to PayPal, bidders have now been reimbursed for the deception of this fraudulent seller.
The student claims that he only wanted to continue the scam until he had settled his student debt.
He has since been forced to sell his home to repay PayPal and has been sentenced to over 200 hours of community service.
He is now banned from Ebay!