BOISE — A Boise man was arrested on grand theft and computer crimes charges after police said he set up a profitable scam using internet sales and PayPal.
David Edward Grindle, 41, allegedly posted electronics for sale on eBay. Buyers sent payment through the online PayPal system, but Grindle never shipped the goods, police said.
Grindle used more than 400 PayPal accounts and a variety of aliases, police said. He is also suspected of opening more than 400 bank accounts to deposit the funds into.
The money transfer company, which guarantees electronic payments, lost at least $115,000 to the scheme, police said.
Boise police detectives worked with investigators from banks, PayPal and eBay to gather evidence against Grindle. He was arrested Monday afternoon near his Boise home.
Grindle will appear in court Tuesday afternoon.