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Jewelry merchant on eBay fined $400,000

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Old 06-09-2007
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Jewelry merchant on eBay fined $400,000
NEW YORK (Reuters) - A jewelry company on eBay Inc. that allegedly bid on its own auctions to illegally drive up prices by as much as 20 percent agreed to pay $400,000 in restitution and penalties, the New York state attorney general's office said on Saturday.

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