Exclusive - UBS faces criminal probe ...

Exclusive - UBS faces criminal probe for Puerto Rico bond fund sales: lawyers

There are 1 comment on the West Australian story from Jun 19, 2014, titled Exclusive - UBS faces criminal probe for Puerto Rico bond fund sales: lawyers. In it, West Australian reports that:

U.S. authorities are probing UBS AG for criminal fraud after a former broker in Puerto Rico allegedly directed clients to improperly borrow money to buy mutual funds that later plunged, according to lawyers representing some of the investors.

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Since: Nov 13

Sydney, Australia

#1 Jun 20, 2014
And what about eBay Inc?

eBay’s Massive Fraud on Buyers at Auction

The fundamental fraud by eBay on consumers is eBay's demonstrably false claim to have “sophisticated and proactive” systems in place to control shill bidding fraud. Clearly, eBay has no such systems in place, and such a claim is therefore a "false representation for the purpose of making a gain” and that is effectively criminal fraud on eBay users, a deliberate and outrageous deception on eBay’s great many trusting users, leading those users to believe that the warm woolly coats on their backs are safe when, in fact, eBay is leading them into the shearing shed where eBay’s wolves are laying in wait. Indeed, eBay has been tacitly aiding and abetting, and effectively encouraging such criminal wire fraud activity since the year dot, and more so since eBay’s Johnny Ho introduced the additional anonymity for bidding IDs in 2008, for no other reason than to further obscure the demonstrably endemic shill bidding fraud from which eBay profits handsomely …

And it also says a lot about the laziness, or corruption, of the regulatory authorities that no action has been taken even to stop, let alone to prosecute eBay for, this demonstrable, massive, wire fraud on consumers …

Nevertheless, eBay is an Equal Opportunity Fraudster

eBay may appear to be biased in favour of buyers, when it suits their purpose, but it’s nigh impossible to keep a track of all the deviousness and unscrupulousness, or the criminal activity, of eBay Inc.; their unprincipled activities are so pervasive; one can only generalize and describe eBay as an “equal opportunity fraudster”: they themselves will defraud, or will tacitly, and explicitly (McFadden/eDropOff), aid and abet others to defraud, whoever they can, whenever they can—as long as there is a gain in it for eBay. eBay is probably the most unscrupulous commercial entity on the planet; eBay is, demonstrably, the greatest calculated facilitator of the most massive, endemic, auction fraud on consumers that the world is ever likely to know and, doubtless, there will be a trickle down effect of like criminal activity to their other operations. Ultimately, anyone that does any form of business with eBay, or any of its subsidiaries, eg “PreyPal”, does so at their constant peril …

eBay Inc, where the incompetent mingle with the malevolent and the outright criminal, and the just plain stupid ...

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