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Man pleads no contest to online fraud charges

LOS ANGELES, California (AP) -- A man who sold high-end computers, laptops and other equipment on eBay Inc.'s online auction site pleaded no contest to allegations of fraud totaling $453,000.

Chris Chong Kim, 28, of Los Angeles entered the plea Friday to one count of grand theft and agreed to a waiver that will allow the court to consider restitution for victims.

He is accused of defrauding 26 customers of sums ranging from nearly $2,000 to $6,000. The criminal complaint alleged victims, eBay and Bank of America lost a total of $453,000.

News source: CNN

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