Go Symbol Lookup
Loading...

How eBay Became Big Source of Stolen Goods: CNBC's Cohn

 Text Size  
Published: Thursday, 25 Jan 2007 | 9:49 AM ET
By: CNBC.com

EBay may be one of the biggest sources of stolen merchandise in the country, according to CNBC senior correspondent Scott Cohn.

E-Fencing
A new kind of crime has emerged on eBay and other online auction sites. On Business Nation, CNBCâ??s Scott Cohn tells us itâ??s called e-fencing.

In tonight's premiere of CNBC's "Business Nation," Cohn investigates how the online auction giant is--or isn't--dealing with this growing problem.

Cohn introduces viewers to "John," a former practitioner of a new kind of crime known as "e-fencing" that has emerged on eBay and other auction sites.

Retailers know that when they see their products selling online for less than they pay the manufacturer, that the products are stolen-–especially when they're exclusive items. So what can retailers do about it?

 Print
EBay may be one of the biggest sources of stolen merchandise in the country, according to CNBC senior correspondent Scott Cohn.
  Price   Change %Change
EBAY ---

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments:


                
            
            
        

Featured

U.S. Video

  • Discussing the state of Detroit's economy, with CNBC Contributor Keith Boykin; Heather Higgins, Independent Women's Voice; and Doug Holtz-Eakin, American Action Forum.

  • Larry Kudlow discusses the journalistic merit of a Financial Times article, which triggered a brief sell-off in U.S markets. Larry McDonald, Newedge; Ed Butowsky, Chapwood Investments; and Ron Kruszewski, Stifel Nicolaus join in the discussion later.

  • The Supreme Court ruled today that the FTC can keep challenging "pay to delay" deals between pharmaceutical companies and generic drugmakers. CNBC Contributor Keith Boykin; Heather Higgins, Independent Women's Voice; and Doug Holtz-Eakin, American Action Forum, discuss.