Fake: Forgery, Lies, & eBay

Front Cover
Simon and Schuster, May 15, 2006 - True Crime - 304 pages
2 Reviews
It was the golden age of eBay. Optimistic bidders went online to the world's largest flea market in droves, ready to spend cash on everything from garden gnomes to Mercedes convertibles. Among them were art collectors willing to spend big money on unseen paintings, hoping to buy valuable pieces of art at below-market prices. EBay also attracted the occasional con artist unable to resist the temptation of abusing a system that prided itself on being "based on trust." Kenneth Walton -- once a lawyer bound by the ethics of his profession to uphold the law -- was seduced by just such a con artist and, eventually, became one himself.

Ripped from the headlines of the New York Times, the first newspaper to break the story, Fake describes Walton's innocent beginnings as an online art-trading hobbyist and details the downward spiral of greed that ultimately led to his federal felony conviction. What started out as a satisfying exercise in reselling thrift store paintings for a profit in order to pay back student loans and mounting credit card debt soon became a fierce addiction to the subtle deception of luring unsuspecting bidders into overpaying for paintings of questionable origins.

In a landscape peopled with colorful eccentrics hoping to score museum-quality paintings at bargain prices, Walton entered into a partnership with Ken Fetterman, an unslick (yet somehow very effective) con man. Over the course of eighteen months they managed to take in hundreds of thousands of dollars by selling forged paintings and bidding on their own auctions to drive up the prices. When their deception was discovered and made international headlines, Walton found himself stalked by reporters and federal agents while Fetterman went on the lam, sparking a nationwide FBI manhunt. His elaborate game of cat and mouse lasted nearly three years, until the feds caught up with him after a routine traffic violation and brought him to justice.

In this sensational story of the seductive power of greed, Kenneth Walton breaks his silence for the first time and, in his own words, details the international scandal that forever changed the way eBay does business.
 

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LibraryThing Review

User Review  - satyridae - LibraryThing

Aieee. Creeps ripping off honest folks on eBay. Also creeps making excuses for bad behaviour and rationalizing stealing. Thoroughly despicable author goes from lawyer to cheat to forger. One wonders ... Read full review

LibraryThing Review

User Review  - stephmo - LibraryThing

Kenneth Walton's memoir brings more than the story of a simple crime - it's the story of the early days of the internet, the story of the small decisions that separate right from wrong and the story ... Read full review

Selected pages

Contents

The First Part
1
The Second Part
17
The Third Part
32
The Fourth Part
61
The Fifth Part
79
The Sixth Part
96
The Seventh Part
116
The Eighth Part
134
The Tenth Part
171
The Eleventh Part
198
The Twelfth Part
212
The Thirteenth Part
235
The Fourteenth Part
251
The Fifteenth Part
266
The Last Part
288
Acknowledgments
297

The Ninth Part
151

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About the author (2006)

Kenneth Walton was a lawyer when he began selling art on eBay in 1999. Over time his online sales tactics grew increasingly fraudulent, culminating in the $135,805 sale of a forged Richard Diebenkorn painting in May 2000. The story of this infamous auction, first broken by an investigative report published in the New York Times, ultimately resulted in his prosecution by the federal government for placing shill bids. He was sentenced in June 2004, is no longer a lawyer, and lives in Northern California. This is his first book. You can visit his website at www.kennethwalton.com.

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