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EBay 'Cookie Stuffer' Gets Six Months In Prison

By John Letzing A Las Vegas man found to have defrauded eBay Inc. (EBAY) by selling a program used to insert code in computers and draw unwarranted referral payments from the online retail giant has been sentenced to six months in prison. Christopher Kennedy was also ordered to pay eBay, of San Jose, Calif., about $408,000 in restitution, according to the U.S. Attorney's Office in San Francisco. According to the U.S. attorney's office, Mr. Kennedy sold a program for most of 2009 that would "stuff" cookies, or code, into computers and thereby trick eBay into paying undeserved referral fees. By having the cookies on a computer, it would make it appear as though the computer's user was participating actively in eBay's Partner Network program, which would pay sites for displaying eBay ads and referring users to eBay's online auction service. However, such cookie stuffing would unfairly credit a site for purchases made on eBay without it having actually driven Internet traffic to eBay. EBay shares closed Tuesday up 2.4% at $43.50. Write to John Letzing at [email protected]

Stock News for Ebay Inc. (EBAY)
DateTimeHeadline
02/23/201718:35:04Statement of Changes in Beneficial Ownership (4)
02/21/201708:00:00eBay Partners with Snupps, A Social Organizing App, for Seamless...
02/16/201708:00:00eBay Advertising Survey Reveals Behavioral Shifts in Online Car...
02/14/201706:15:48Amended Statement of Ownership (sc 13g/a)
02/13/201712:01:00Aeropost.com And eBay Partner To Provide Latin American Shoppers...
02/10/201717:22:26Statement of Changes in Beneficial Ownership (4)
02/10/201717:17:38Statement of Changes in Beneficial Ownership (4)
02/09/201714:44:56Amended Statement of Ownership (sc 13g/a)
02/07/201710:00:00eBay Partners With WineDirect To Support Thousands Of Small And...
02/06/201717:19:41Automatic Shelf Registration Statement of Securities of Well-known...
02/06/201717:12:56Annual Report (10-k)
02/01/201706:00:00Ticketbis Rebranded to StubHub
01/31/201718:04:58Statement of Changes in Beneficial Ownership (4)
01/26/201719:26:00PayPal Results Climb on Increased Customers, Transactions...
01/25/201717:51:00EBay's Revenue Grows Again -- Update
01/25/201717:12:00EBay's Revenue Grows Again
01/25/201716:39:40Current Report Filing (8-k)
01/25/201716:30:00eBay Inc. Reports Fourth Quarter and Full Year 2016 Results
01/25/201708:29:00EBay Earnings: What to Watch
01/25/201703:03:00Ahead of the Tape: EBay Is Volatile, But Shares Are Still a Good...

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