May 11, 2014 |
A FORMER eBay and Gannett executive pleaded guilty yesterday in federal court to insider trading. Christopher Saridakis, 45, of Greenville, Del., was a senior executive at GSI Commerce, a King of Prussia-based e-commerce company when he provided confidential information about eBay's pending acquisition of GSI to others. He faces a maximum possible sentence of 20 years in prison and a $5 million fine when he is sentenced on Sept. 19 by U.S. District Judge Stewart Dalzell, the U.S. Attorney's Office said.
July 12, 2005 |
In the old days, the Jackson electric guitar with orange and yellow flames would have lingered in a police evidence room waiting for a property-forfeiture auction. But today, the five-string's photo and price are posted on eBay, the online auction site, for millions around the world to ponder its purchase. The Internet has changed the way law enforcement fights crime. Now it's also changing the way authorities sell forfeited property. Montgomery County District Attorney Bruce L. Castor Jr. last week started offering seized property on eBay, hoping that the online auction moves it at cyber speed.
January 24, 2012 |
More than 10,000 free tickets for Joe Paterno's memorial service on Thursday were distributed within minutes Wednesday because of the "overwhelming demand," Penn State officials said. Tickets started to show up on eBay by midday, with a pair selling for $400 and another for $500. Yet another set had been bid up to $90,000, although that was not believed to be a serious offer. eBay removed the auctions from the site shortly thereafter. Penn State president Rodney Erickson lashed out at those attempting to sell the tickets.
April 10, 2005 |
People looking for mementos of Pope John Paul II have been thronging area religious-supply stores and online sites. EBay had more than 12,000 Pope John Paul II items listed for auction or sale earlier this week, including "collectible bobble-head" dolls in the $10-$20 range and a piece of toasted bread that "bears a miraculous image of the Pope" with a starting bid of $930. Most of the papal products available online and in stores, however, are more traditional, such as copies of books by and about the Pope, signed pictures of John Paul II, and videos on the Pope's life and message.
October 12, 2005 |
Maybe Britney Spears wanted to keep her jewel-encrusted bra for herself. Who knows? The onetime teenybopper singer in low-slung jeans has pulled that bra from Internet auction site eBay. The sparkling undergarment was one of dozens of wardrobe items and other personal belongings that Spears put up for bid on eBay to raise money for Hurricane Katrina victims. Bidding had surpassed $60,000 before Spears pulled it. In a message posted on her official Web site, Spears, 23, told fans she was "concerned that some of you might be confusing this bra with something that it's not. " OK, so maybe it's true Spears fans' elevators don't go all the way to the top floor, but a bra is a bra, right?
November 20, 2002 |
Bidding for one of Eminem's boyhood homes has surpassed $667,000 on eBay. Bidding opened at $120,000, and by yesterday evening, the high bid had topped two-thirds of a million dollars. "It's just amazing the response we're getting," said Sebastian Lucido, a lawyer who bought the Warren, Mich., house with Roland Fraschetti, a Macomb County commissioner and real estate developer. Eminem's uncle, Todd Nelson, sold the house this month for $45,000 to Lucido and Fraschetti.
October 3, 2014 |
A FEDERAL JUDGE struggled yesterday with what sentence to give Christopher Saridakis - a former eBay and Gannett executive - who pleaded guilty to insider trading. On the one hand, Saridakis, 46, "a bright guy who's hugely successful in business," is - aside from his one conviction - a law-abiding citizen, U.S. District Judge Stewart Dalzell noted. On the other hand, the judge said he had to hand down a sentence that would deter others from insider trading and he had to avoid sentencing disparities.
September 9, 2014 |
If you're thinking of gambling on the coming Alibaba Group IPO, hear out this tech bull and growth-company fan. He's not buying. The Chinese version of eBay, Alibaba promises explosive growth and has filed to raise between $21 billion and $25 billion in its initial public offering. Paul Meeks, director of institutional investing at Saturna Capital and portfolio manager of the Sextant Growth Fund (symbol:SSGFX), isn't comfortable with the online retailer's accounting, or the fact that the China tech darling has several times rewritten its offering documents.
April 10, 2005 |
Bill Kerwin 3d wanted $800 for a set of antique dental tools that was used on a New Bedford whaling ship in the early 1800s. He was thrilled when the set sold for $1,440 on eBay last week. "I'll probably buy more bushes," said Kerwin, 69, a Medford retiree who enjoys gardening. But first, he would mine his basement for more stuff. Kerwin is a client of Auction Mojo, a drop-off shop that opened in a Marlton strip mall last fall to help people finesse sales on eBay, one of several such businesses in South Jersey.
March 29, 2011 |
Michael Rubin's mom didn't like the idea of her 12-year-old son starting a ski shop, so he did what most savvy kids do - played his parents against each other. "I went to my father, who said he would be supportive as long as I did well in school," Rubin said in a 2008 interview. Wonder what the family is thinking now that Rubin, 37, a Villanova University dropout, stands to earn a cool $126.1 million when eBay Inc. closes its $2.4 billion deal for GSI Commerce Inc. That's the King of Prussia company Rubin grew from his ski-store business.