eBay confirms $3M deferred prosecution agreement with Massachusetts

eBay confirmed that it entered into a deferred prosecution agreement with the U.S. Attorney’s Office for the District of Massachusetts with respect to actions taken in 2019 by former eBay employees against Ina and David Steiner. As set forth in the agreement, eBay takes responsibility for the misconduct of its former employees. Under the three-year deferred prosecution agreement, eBay has agreed that the U.S. Attorney’s Office will file a six-count criminal Information in the United States District Court for the District of Massachusetts and the U.S. Attorney has agreed to defer any prosecution of eBay on those counts. During the agreement’s three-year term, eBay will continue to cooperate fully with the U.S. Attorney’s Office and will be subject to an independent compliance monitor to assess its compliance program and, where appropriate, to modify that program. eBay will also be required to pay a $3M penalty. If eBay successfully meets its obligations under the deferred prosecution agreement, after three years, the agreement will expire, and the U.S. Attorney has agreed to dismiss the criminal Information against eBay.