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- Re: [CT] [OS] CHINA/CSM - Alibaba says China police arrest 36 in fraud probe
- Released on 2012-08-12 08:00 GMT
- Email-ID 1548232
- Date 2011-07-05 07:22:59
- From richmond@stratfor.com
- To ct@stratfor.com, eastasia@stratfor.com
- List-Name ct@stratfor.com
- I agree with Alibaba and had flagged that too. I didn't see the mention
- of trapwire in the story on Cisco. Maybe I missed it. Yes, keep me
- posted on any questions and I'll see what my contact can dig up.
- On 7/4/11 11:18 PM, Sean Noonan wrote:
- This is also a pretty good CSM topic. some college kids running a scam
- through Alibaba (chinese ebay), took in a good amount of money.
- If we had some good 'redism' related incidents, maybe I could write on
- that, but we'd need some very concise points to make.
- Let me know what you guys think of this and the surveillance camera
- topic.
- Jen, I assume that Trapwire is a competitor to Cisco, but I'm not sure.
- I don't know if trapwire makes the actual cameras or just does the
- analysis. I won't have real questions till morning.
- On 7/2/11 11:00 AM, Kevin Stech wrote:
- Alibaba says China police arrest 36 in fraud probe
- 02 July 2011 - 08H10
- http://www.france24.com/en/20110702-alibaba-says-china-police-arrest-36-fraud-probe
- AFP - Police have arrested 36 people in southeast China following an
- investigation into fraud on e-commerce site Alibaba.com and other
- websites that duped buyers out of more than $6 million.
- Alizila.com, Alibaba's corporate news website, reported earlier this
- week the suspects were detained in Fujian province's Putian city in
- April. John Spelich, the firm's spokesman, confirmed the report to AFP
- on Saturday.
- The people arrested allegedly operated a criminal gang that used fake
- IDs to open more than 100 "Gold Supplier" accounts on Alibaba.com.
- This designation is given to those certified as highly trusted
- suppliers by the firm.
- This allowed the suspects to pose as legitimate companies selling to
- overseas businesses that source goods through Alibaba.com. Police said
- the alleged scammers also used other international trading websites.
- Alibaba.com, based in the eastern city of Hangzhou, has grown into one
- of China's largest Internet companies by matching mainland
- manufacturers and wholesalers with buyers around the world.
- But its reputation took a hit in February when the firm announced the
- resignation of chief executive David Wei and head of operations Elvis
- Lee after fraud was uncovered on the site.
- Wei and Lee were not involved in the scams but resigned because they
- took responsibility for "systemic breakdowns" that allowed the fraud
- to happen, Alibaba said at the time.
- But according to the Alizila report, the fraud was "sometimes abetted
- by Alibaba.com employees." But Spelich said Saturday none of the 36
- arrested worked at the company.
- He added the number of fraud complaints received by the website in
- June was down 70 percent from February after Alibaba toughened
- procedures and other security measures.
- The report said Alibaba had refunded $1.9 million to those who lost
- their money to the alleged scammers.
- Click here to find out more!
- Kevin Stech
- Director of Research | STRATFOR
- kevin.stech@stratfor.com
- +1 (512) 744-4086
- --
- Sean Noonan
- Tactical Analyst
- Office: +1 512-279-9479
- Mobile: +1 512-758-5967
- Strategic Forecasting, Inc.
- www.stratfor.com
- --
- Jennifer Richmond
- STRATFOR
- China Director
- Director of International Projects
- (512) 422-9335
- richmond@stratfor.com
- www.stratfor.com
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