LOS ANGELES – A third-party seller on Amazon.com was sentenced today to 18 months in federal prison for gaming the online retailer’s payment system in a scheme that defrauded the company out of more than $1.3 million.
Ting Hong Yeung, 40, of Hacienda Heights, was sentenced by United States District Judge Stephen V. Wilson, who also ordered him to pay $1,302,954 in restitution.
Yeung pleaded guilty on June 6 to one count of wire fraud.
Amazon allows third-party sellers to use its online retail platform to advertise items, make sales and communicate with customers. Ordinarily, when an Amazon customer purchases an item listed by a third-party seller, Amazon credits the third-party seller’s internal Amazon account for the amount of that purchase. About every two weeks, Amazon disburses into the seller’s bank account the proceeds of those sales for which the seller has provided proof that the items purchased have been shipped – namely, the shipment tracking numbers.
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