Posted By:
James Walker, Jr.Check it out ...
http://www.msnbc.com/news/784132.asp?pne=msn
My favorite part ...
eBay spokesperson Kevin Pursglove concedes auction con artists have become more clever in recent months. But he says fraud rates are still a tiny fraction of eBay’s 7 million items on sale each day, and the rate has stayed stable.
“Clearly what we have seen in last year or so are attempts by individuals to be far more sophisticated,” he said. “That’s in part because ... eBay is getting better at detecting fraud activity.... We have made huge advances compared to two years ago.” Pursglove said the company often removes fraudulent auctions even before they get in front of consumers.