Legal question about paypal?

Question

Okay a few days ago i started an ebay buisness with paypal. I listen 100 items before i actually had them them. Everyone payed me and i have like 5000 bucks. I spent 2000 on a car and another thousand on a vocation to florida. But i was never able to get the items becasue they went away. So now all these claims are being made on my paypal about un recieved items and stuff. I buisness failed. I still had 2000 in my paypal account in which paypal took to repay everone else but im 3000 grand in the red. This looks like fraud. If i pay back the money like 100 a month can anything happen to me since im paying the money back?

Answer 1

Unless you return all the money to everyone, it's not that it "looks like fraud". It IS fraud. There has been an increase in this happening around the country and police are cracking down on these thieves.

Answer 2

It IS fraud, you took money without shipping the items, so what are they to think?

You'll have to contact Paypal and work out a payment plan with them, that's the only way to get out of this without legal means being brought against you by Paypal. They take this stuff very serious.

Answer 3

here google this:EBAY ARREST> i have had a lot of dealings with Paypal, so Im an expert. Yes the people who purchased items from you can actually press charges against you. Paypal will inform them to contact your local police department and to have charges of fraud brought against you.

An eBay PowerSeller arrested Sunday in Salt Lake City, Utah, may be facing Federal fraud charges after allegedly ripping off buyers to the tune of over $1 million dollars. Russell Dana Smith, selling under the eBay ID "LiquidationUniverse," is being held on federal charges.

After getting complaints from buyers, eBay suspended Liquidation Universe on May 16 and contacted the police in South Salt Lake.Victor Montanez thought he was buying a Bose DVD-based home entertainment system on eBay. What he ended up with was a headache.

In February, Montanez sent a cashier's check for $1,844.99 to Neil Bansal, an eBay PowerSeller, for his newly won system. After many weeks and many excuses from the seller, Montanez began to feel that he was being strung along. "He kept emailing me and telling me there were delays, or offering different colors and models," said Montanez. "When I finally said I wanted my money back, I never heard back."

Apparently, neither did more than 30 other eBay buyers.

According to the New York county District Attorney's office, 32 complaints, totaling more than $50,000, have been lodged against Mr. Bansal, aged 23, of New York City. Bansal was arrested in his home on May 13 and charged with one count of 2nd degree Grand Larceny and one count of 1st degree Scheme to Defraud. He was released on his own recognizance. If convicted, he faces the possibility of 15 years in prison.

The complaint states that 32 people won eBay auctions from Bansal for Sony Vaio Laptops, Pioneer Plasma televisions and Bose Speakers between November 2001 and March 2002. Although they sent money using checks and online-payment service PayPal, the complaint alleges that Bansal never sent those customers their goods.