iEntry 10th Anniversary RSS Archive

IT Management Begins With Security
SecurityProNews > News > Security News > EBay Auction Turns Into Highway Robbery
Search:
[ news_security_news ]

EBay Auction Turns Into Highway Robbery



Doug Caverly
Staff Writer
2006-08-31

SecurityProNews: Insider Reports Insider Reports RSS Feed


Meeting a seller face-to-face is a great way to avoid shipping charges on an online purchase. Cash payments can also preempt online arrangements - sellers would rather have your money, now, than someone else's money at some point in the future. Of course, some sellers prefer to take your money and keep the goods, which is what one British man discovered.

Shahzad Ali Shah had been eying a Mercedes Benz Kompressor C180 that was up for sale on eBay. "The man said if I paid in cash he would not offer it to anyone else," Shah told a newspaper. "He said if I had the cash, the car was available and we could do the deal straight away. I put in an offer for £5,500 and he accepted."

At the current rate of conversation, that translates into a little over $10,400 - more than what most people would consider a comfortable amount of "walking-around money." Shah, his mother, and his brother-in-law took this sum to East London to make the exchange.

"When they got to the meeting place, four men got out of a Vauxhall Corsa and surrounded the car," an article in the Sun stated. "Mr. Ali Shah said an Asian man produced a gun and took their car keys and demanded the money for the Mercedes."

According to Shah, "One said ‘I'll count to three and if you don't hand over the money I'm going to do something. He started counting and got to two and I shouted at my mum to hand it over. It was a terrifying ordeal."

Shah's group surrendered the £5580, a purse, some credit cards, and a mobile phone. It seems unlikely that Shah will ever again attempt to carry out an online transaction in the "real world."

Tag:

Add to Del.icio.us | Digg | Yahoo! My Web | Furl

Get all the updates in RSS:





About the Author:
Doug is a staff writer for SecurityProNews, InternetFinancialNews, SearchNewz, and WebProNews.

More news_security_news Articles

SecurityProNews: Insider Reports Insider Reports RSS Feed


Get Your Site Submitted for Free in the World's Largest B2B Directory!

Email Address:
* URL:
*
*Indicates Mandatory Field

Terms & Conditions

iEntry Featured Services: Jayde Member Services | Forums | Freeware | Advertise with Us

Virus Warnings

Subscribe to
SecurityProNews FREE!



[ more newsletters ]

article resources
Search Articles:
[advanced search]

WebProWorld.com
Get in-touch with industry experts and leaders
Post your site for review by expert and peers
Ask Security, IT, Development and Design questions

Free Membership: Join Now!

Visit WebProWorld.com

Titan Quest Forum
The #1 Titan Quest forum
Halo 3 Forum
The best Halo, Halo 2, Halo 3 forum
Nintendo Wii
Nintendo Wii news and views
Mac Software
The best in OS X freeware
Graphics Forum
Your source for graphic tutorials
SecurityProNews.com | Breaking eBusiness News Get Your IT Questions Answered - Click Here SecurityProNews News Feeds