In this Oct. 17, 2012, file photo, an eBay sign sits in front of the company's headquarters in San Jose, Calif. On Wednesday, Sept. 23, 2020, federal prosecutors said four former eBay Inc. employees had agreed to plead guilty to their roles in a campaign of intimidation that included sending live spiders and cockroaches to the home of a Massachusetts couple who ran an online newsletter highly critical of the auction site. (AP Photo/Marcio Jose Sanchez, File)
Four former eBay Inc. employees have agreed to plead guilty to their roles in a campaign of intimidation that included sending live spiders and cockroaches to the home of a Massachusetts couple who ran an online newsletter critical of the auction site, federal prosecutors said Wednesday.
“Four former employees of #eBay are scheduled to plead guilty on Oct. 8 at 2pm via zoom in federal court in #Boston,” according to a tweet from the official account of the U.S. attorney's office in Massachusetts. “The defendants are charged w/ participating in a cyberstalking campaign that targeted a Massachusetts couple.”
The four expected to plead guilty are Brian Gilbert, 51; Stephanie Popp, 32; Stephanie Stockwell, 26; and Veronica Zea, 26, according to The Boston Globe.
All live in San Jose, California, except for Stockwell, who lives in Redwood City, California.
They are among seven former eBay employees charged in the case, in which the Massachusetts couple had other disturbing items sent to their home, including a funeral wreath and a bloody pig Halloween mask.
They are all charged with conspiracy to commit cyberstalking and conspiracy to tamper with a witness. Their lawyers either declined to comment or didn’t immediately return emails seeking comment Wednesday.
The employees also sent pornographic magazines with the husband’s name on them to their neighbor’s house, planned to break into the couple’s garage to install a GPS device on their car, and posted the couple’s names and address online, advertising things like yard sales and encouraging strangers to knock on the door if the pair wasn’t outside, officials said.
The suspects engaged in a “systematic campaign fueled by the resources of a Fortune 500 company to emotionally and psychologically terrorize this middle-aged couple in Natick,” U.S. Attorney Andrew Lelling said at a news conference when charges were announced in June.
An internal investigation was launched after San Jose, California-based eBay was notified by law enforcement of “suspicious actions by its security personnel,” company officials wrote in a prepared statement. The employees were ultimately fired, the company said.
Popp was a senior manager of global intelligence at eBay; Gilbert was senior manager of special operations for eBay’s Global Security Team; Stockwell was manager of eBay’s Global Intelligence Center, and Zea was an eBay contractor who worked as an intelligence analyst in the Global Intelligence Center. Authorities say they were working at eBay at the time of the alleged harassment.
Court documents say the couple was targeted after their newsletter published an article in August 2019 about a lawsuit filed by eBay accusing Amazon of poaching its sellers.
The popular online gaming platform for kids, Roblox, is reportedly expanding its offerings into the educational space. Ayal Shmilovich, managing partner at Gerber Kawasaki Wealth Investment Management, joined Cheddar to provide some insight into the report from the Wall Street Journal and how Roblox plans to incorporate the metaverse concept into schools. "I definitely think it helps them expand their market to a much broader audience," Shmilovich added. He also noted that Minecraft has 35 million users on its educational platform and was even more optimistic about Roblox's prospects.
Stocks closed higher as the retail sector showed continued strength - including higher retail sales data in October and strong earnings for big-box retailers Walmart and Home Depot, which lifted the Dow. Lance Ippolito, head trader at the Future Of Wealth, joins Cheddar News' Closing Bell to discuss today's close, where investors should look for growth, and how the electric vehicle space will drive markets.
Bitcoin hit a new high last week, rising above $68,000. But the coin has tumbled since, and it's not the only coin under pressure. Crypto is down today across the board. Bobby Zagotta, CEO of Bitstamp USA, joins Cheddar News' Closing Bell to discuss the possible reasons why Bitcoin has slumped, how President Joe Biden's new crypto tax clause will impact investors, and more.
The Green Bay Packers are selling shares of their stock for just the sixth time in its 102-year history. The Packers are the only major professional sports team in the U.S. that is publicly owned and not-for-profit. Now, it is offering 300,000 shares at $300 apiece; however, fans who become shareholders will not have much power, as the Packers' stock is not technically a stock. Washington Post sports reporter Des Bieler joins Cheddar News' Closing Bell to discuss.
Katie Thomas, lead at Kearney Consumer Institute, joined Cheddar to talk about Walmart's Q3 earnings beat and what it means for the larger retail industry ahead of the gift-giving season. "Getting strong numbers from Walmart and from the retail sector overall is good news going into the holiday season. It shows that even though despite some of the news around supply constraints, consumers are still getting out there and shopping," she said. With the holiday rush nearly setting in, Thomas said a clearer view of the economy will be found after Q4 results are posted, giving some time to account for how well businesses were able to maintain amid supply constraints.
Inflation has risen to its highest level in 31 years, sending consumer prices on everything from groceries to gas to rent surging. For many businesses, that's good news as inflation typically means better profit margins. According to data from FactSet, nearly two out of three of the biggest U.S. publicly traded companies have reported fatter profit margins so far this year compared to the same stretch of 2019, before the pandemic. Gregory Daco, chief U.S. economist for Oxford Economics, breaks down how the top businesses are reaping the benefits of inflation, and when consumers can expect inflation to ease.
As the U.S. opens its borders to vaccinated international travelers after months of restrictions, the hospitality industry is preparing for a comeback. Radha Arora, President and Co-Chief Development Officer, Rosewood Hotel Group joined Cheddar's Opening Bell to discuss his outlook for the broader travel industry.
Dominick Reuter, Senior Reporter at Insider, breaks down the challenges within the labor market, and how unionization and inflation are impacting the future of work.
Roblox is getting into education. The gaming platform is investing $10 million into developing educational video games for middle schools, high schools, and colleges across the country. This marks the first time Roblox is putting money into developing games for the platform, and it comes as Roblox also plans to build a stake in the metaverse. Sarah Needleman, technology reporter for The Wall Street Journal, breaks it all down for Cheddar.