Have you ever considered why eBay (Nasdaq: EBAY) sometimes offers deals on merchandise that seem too good to be true?
For example, how am I able to buy, say, a high-end $250 pair of Oakley sunglasses for only $20 on eBay (brand new with tags)?
Here’s how… It’s stolen merchandise.
While eBay still monopolizes the online auction space, it’s quietly dealing with a fraud problem.
Do NOT Deposit Another Dollar in Your Bank Account Until You Read THIS
A CIA insider has launched an urgent mission to expose the government’s secret money lockdown plan…
Once you see what could happen next time you go to an ATM, you’ll understand why he’s sending a FREE copy of his new book to any American who answers right here.
Shoplifting costs businesses about $12.1 billion nationally, says the National Retail Federation, which releases an annual survey.
And a lot of those stolen goods find their way onto eBay.
Couple that with all the counterfeit products coming out of China, and I’m personally a little leery of buying a big-ticket item on eBay, like I so often did 10 years ago.
Does anyone share my concerns here?
Let me know by leaving a comment below.
Ahead of the tape,
Publisher, Wall Street Daily