Australian eBay Seller Goes Bust
Published July 29th, 2008
A Queensland based seller, known on eBay as ebusiness-supplies and registered in Australia as EBS International Pty Ltd, was wound up on Friday and is under external administration, according to the Australian Securities and Investments Commission (ASIC).
eBay buyers who bought exercise equipment, pocket bikes, quad bikes, electric guitars, furniture and other household items from EBS International before it went bust now have little chance of receiving their items or a refund from the seller.
Those who paid for items using PayPal, which is owned by eBay, will be entitled to refunds through a new fund set up specifically to deal with this incident, PayPal managing director Andrew Pipolo said.
Queensland Police confirmed its fraud department was investigating 12 complaints made against the company but there was no evidence of criminality so far. ASIC does not say whether it is investigating a company unless it has taken action.
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