Sydney police bust eBay fraudsters

in brief Sydney police have charged two men over what is alleged to be a multi-million dollar credit card fraud racket involving online auction giant eBay.

NSW Police today issued a statement saying the pair had purchased more than $4.5 million in goods using fake credit cards bearing "bank details skimmed or stolen from legitimate card-holders". The goods were then allegedly sold online through eBay and other sites.

Premises at Summer Hill, Rydalmere, Concord, Croydon and Marrickville were searched, with a 27-year-old man being arrested in Concord and a 30-year-old Rydalmere man also charged.