Man pleads guilty to swindling Amazon out of $1.3 million in refund scheme

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Man pleads guilty to swindling Amazon out of $1.3 million in refund scheme
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A Los Angeles vendor on Amazon pleaded guilty Monday to swindling the online retailer out of more than $1.3 million over a span of nine years.

Ting Hong Yeung, 41, of Hacienda Heights was charged with felony wire fraud in March for manipulating the company’s payment system. A felony wire charge carries a maximum 20-year sentence.

When customers contacted Yeung through Amazon’s buyer-seller messaging service inquiring about the missing orders, Yeung encouraged them to wait rather than submit complaints to Amazon — long enough to ensure that Amazon would have to disburse the funds themselves.

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