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Poshmark

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Michigan Woman Suspended by Poshmark for $800K Designer Apparel Fraud
crime1 year ago

Michigan Woman Suspended by Poshmark for $800K Designer Apparel Fraud

Poshmark has suspended the account of a Michigan woman, Brandalene “Brandy” Horn, who allegedly stole and resold over $823,000 worth of designer clothing on the platform. Horn, 42, reportedly made more than $750,000 in profit from the scheme, bragging about her earnings in a private Poshmark sellers Facebook group. She faces charges of mail fraud, wire fraud, and interstate transportation of stolen property, potentially leading to 50 years in prison if convicted. Horn allegedly resold stolen items from rental companies and created multiple accounts to avoid returning the items, with investigators discovering her alleged scheme after placing orders and finding residue on the clothing tags.

The Cutthroat World of Secondhand Resale on Depop and Poshmark
business2 years ago

The Cutthroat World of Secondhand Resale on Depop and Poshmark

The secondhand resale market has been booming since the pandemic, leading to more heated negotiations and occasionally ruthless bidding wars on platforms like Depop and Poshmark. Independent resellers are turning their one-time hobby into a job, sometimes even upselling items to take advantage of demand spikes. However, major retailers like Target and H&M are also trying to cash in on the resale boom, leading to increased competition. Despite this, some independent resellers doubt that the unique, curated experience of indie resale can be scaled.