I had sold some items on Ebay last week and went to my PayPal account to check the transactions. The transactions were there along with four debits of $300 each to a company called Dragonmeet Corp! All four transactions were posted on the same day.

Tried to transfer the balance of my Paypal account to my checking account and found out my PayPal account had been frozen! Checked my checking account and the four transactions had been debited! Damn!

Did a little research and found that Dragonmeet appears to be a company in China.
http://www.dragonmeet.com/I contacted PayPal customer service to dispute the transactions. By the way, it took awhile (30 minutes) to get some one on the phone, but once I did they were very helpful!
Well, everything has been resolved as of today. My Paypal account is open again and the $1200 is back in my checking account.
Just wanted to give everyone a heads up. It could happen to you!