Tuesday, May 22, 2007

Bucks County man pleads to six counts in eBay coin auctions case

A Bucks County man who authorities say fleeced dozens of people on eBay avoided trial by agreeing to plead guilty to six counts of mail fraud.

According to an indictment, Todd Rabenold, 38, of Quakertown, stole $18,741 from at least 53 victims who replied to his Internet auctions for "rare and old" coins.

In each case, federal prosecutors said, Rabenold took customers' payments but never sent any goods.

Rabenold, who could not be reached for comment, faces up to 20 years in prison and a $250,000 fine.


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