Source: USA Today - http://www.usatoday.com
PHILADELPHIA (AP) - Three men have been charged with orchestrating
a $20,000 Internet scam in which customers did not receive the Beanie
Babies they purchased online, prosecutors said.
The Philadelphia men placed ads on America Online falsely advertising the
sale of ''retired'' or discontinued Beanie Babies, according to the U.S.
Attorney's Office.
At least 12 people answered the ads, some requesting dozens of the stuffed
animals for between $10 and $70 each.
The customers sent money orders or electronically wired payments of up to
$5,000, according to the federal indictment. The men sometimes failed to
send any stuffed animals or sent damaged or cheaper dolls, prosecutors
said.
Samuel Miletto, 30, who prosecutors said masterminded the plan, was
indicted Thursday on 19 counts of wire fraud. He faces up to 105 years in
prison. Joseph Reed, 31, and Louis Lloyd, 34, were each charged with one
count of wire fraud. They both face up to five years in prison.
Beanie Babies normally retail for about $5, but versions that have been
retired command high prices from collectors.