Kenneth Walton

Infobox Writer
name = Kenneth Andrew Walton


imagesize = 194px
caption = Kenneth Walton at home.
birthdate = 23 November 1967
birthplace = Sacramento, California
occupation = memoirist
nationality = United States of America
period = 2006
subject = true crime, internet fraud
website = http://kennethwalton.com

Kenneth Andrew Walton (born November 23, 1967) is an American software developer and author of the memoir "", which details his time spent selling forged art on the online auction site eBay. He currently lives with his wife in San Francisco, California.

In 1999 and 2000 Walton was working as an attorney in Sacramento, California, and selling art on eBay. In May 2000 he posted an auction on eBay for an oil painting that attracted a closing bid of $135,805 when buyers speculated that it might be a work by the late Richard Diebenkorn, due to its resemblance to this artist's work and the existence of the monogram "RD52" in the lower-right corner of the canvas. In the description accompanying the auction, Walton seemed to have no knowledge of art and claimed to have no idea of the painting's value. The auction generated international headlines and, after a series of investigative reports by the New York Times revealed that Walton was in fact an experienced art seller who had sold several forged paintings and worked with other sellers who bid on each other's items, Walton was banned from eBay and the FBI launched an investigation into his trading activities. In April 2001, Walton and two cohorts, including Kenneth Fetterman, were charged with fraud by the federal government for bidding on their own auctions, the first-ever prosecution for so-called "shill bidding" on the Internet. Walton cooperated with the prosecutors, admitted he'd forged the Richard Diebenkorn's initials onto the painting he'd auctioned the year before, and pleaded guilty in exchange for leniency. He relinquished his law license and in 2004 he was sentenced to nine months of probation and forced to pay $75,000 in restitution to victims.

After being charged, Walton went on to found the software company HammerTap, and developed DeepAnalysis, the first eBay market research application. In 2004 Walton sold HammerTap to Utah-based Bright Builders.

In April 2006 Simon Spotlight Entertainment, an imprint of Simon & Schuster, published Walton's first book, "Fake: Forgery, Lies, & eBay", a memoir of the eBay scandal and its aftermath. The book has been reviewed by The Sunday Times (UK), The Financial Times, The Guardian, The Sacramento Bee, and Publishers Weekly.

Works

* "Fake: Forgery, Lies, & eBay" (Simon Spotlight Entertainment, 2006) ISBN 1-4169-0711-4
** Published in the UK in 2006 by Weidenfeld & Nicolson, ISBN 0-297-85188-8

External links

* [http://www.kennethwalton.com www.kennethwalton.com]
* [http://www.hammertap.com HammerTap]
* [http://partners.nytimes.com/library/tech/00/05/biztech/articles/09ebay.html EBay Art Auction May or May Not Be Modern Classic] , New York Times, May 9, 2000
* [http://partners.nytimes.com/library/tech/00/05/biztech/articles/10ebay.html Online Seller of Abstract Work Adds a Money-Back Guarantee] , New York Times, May 10, 2000
* [http://partners.nytimes.com/library/tech/00/05/biztech/articles/11ebay.html EBay Cancels Sale in Auction of Abstract Painting] , New York Times, May 11, 2000
* [http://partners.nytimes.com/library/tech/00/06/biztech/articles/02ebay.html In Online Auctions, Rings of Bidders] , New York Times, June 2, 2000
* [http://partners.nytimes.com/library/tech/00/06/biztech/articles/07ebay-fraud.html F.B.I. Opens Investigation of EBay Bids] , New York Times, June 7, 2000
* [http://news.com.com/2100-1017-255959.html Two eBay sellers enter guilty pleas] , CNET News.com, April 17, 2001.
* [http://www.usatoday.com/tech/news/2004-05-27-ebay-art-fraud_x.htm California eBay scam artist sent to federal prison] , USA Today, May 27, 2004.
* [http://dwb.sacbee.com/content/news/story/14251861p-15068114c.html One life rebounds after eBay art scam] , Sacramento Bee, May 5, 2006
* [http://www.guardian.co.uk/g2/story/0,,1835157,00.html A brush with the law] , The Guardian, August 2, 2006
* [http://www.timesonline.co.uk/article/0,,23110-2324258,00.html How we've been framed] , The Sunday Times (London), August 27, 2006