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	<title>Comments on: Will We See a Spike in Auction Fraud with Penny Auctions?</title>
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	<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/</link>
	<description>Penny Auction News, Reviews, Tips to Win and Discussion</description>
	<lastBuildDate>Fri, 10 Feb 2012 20:46:27 +0000</lastBuildDate>
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		<title>By: Amanda</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-29608</link>
		<dc:creator>Amanda</dc:creator>
		<pubDate>Sat, 06 Aug 2011 23:34:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-29608</guid>
		<description>What&#039;s your username?</description>
		<content:encoded><![CDATA[<p>What&#8217;s your username?</p>
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		<title>By: Amanda</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-29607</link>
		<dc:creator>Amanda</dc:creator>
		<pubDate>Sat, 06 Aug 2011 23:33:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-29607</guid>
		<description>Really, it took a full 8 days?</description>
		<content:encoded><![CDATA[<p>Really, it took a full 8 days?</p>
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		<title>By: Lisa</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-29560</link>
		<dc:creator>Lisa</dc:creator>
		<pubDate>Sat, 06 Aug 2011 01:32:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-29560</guid>
		<description>I won a Motorola Xoom on www.eYipee.com, It took 623 Bids to Win but I got it all back. They need to speed up the delivery process, it took 8 days to get my item.</description>
		<content:encoded><![CDATA[<p>I won a Motorola Xoom on <a href="http://www.eYipee.com" rel="nofollow">http://www.eYipee.com</a>, It took 623 Bids to Win but I got it all back. They need to speed up the delivery process, it took 8 days to get my item.</p>
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		<title>By: Sarah</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-29341</link>
		<dc:creator>Sarah</dc:creator>
		<pubDate>Mon, 01 Aug 2011 21:31:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-29341</guid>
		<description>Keep it up, that is excellent.</description>
		<content:encoded><![CDATA[<p>Keep it up, that is excellent.</p>
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		<title>By: doobs110</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-18472</link>
		<dc:creator>doobs110</dc:creator>
		<pubDate>Thu, 07 Apr 2011 03:45:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-18472</guid>
		<description>Hi, I am a new owner of a penny bids website.. I&#039;m not trying to get you to come to my website or anything like that (because after this article I probably wouldn&#039;t either.. :\  ) but I would like to say that I don&#039;t understand how a person could live with this kind of fraud.. It&#039;s like stealing the money directly from another person. it&#039;s sick, and not in my Boston slang for good, no it&#039;s bad. Very bad. I and going to try to make my site as transparent as possible and hopefully I will be able to compete with the larger sites for that reason. My friend who knows of my site wants me to use him as a shill bidder (he just wants some of the money I hope to make :P) but I will never let that happen. Just trying to get the word out that there are some honest penny auction merchants out there xD Thanks for reading if you didn&#039;t TL;DR me :P</description>
		<content:encoded><![CDATA[<p>Hi, I am a new owner of a penny bids website.. I&#8217;m not trying to get you to come to my website or anything like that (because after this article I probably wouldn&#8217;t either.. :\  ) but I would like to say that I don&#8217;t understand how a person could live with this kind of fraud.. It&#8217;s like stealing the money directly from another person. it&#8217;s sick, and not in my Boston slang for good, no it&#8217;s bad. Very bad. I and going to try to make my site as transparent as possible and hopefully I will be able to compete with the larger sites for that reason. My friend who knows of my site wants me to use him as a shill bidder (he just wants some of the money I hope to make <img src='http://www.pennyauctionwatch.com/wp-includes/images/smilies/icon_razz.gif' alt=':P' class='wp-smiley' /> ) but I will never let that happen. Just trying to get the word out that there are some honest penny auction merchants out there xD Thanks for reading if you didn&#8217;t TL;DR me <img src='http://www.pennyauctionwatch.com/wp-includes/images/smilies/icon_razz.gif' alt=':P' class='wp-smiley' /> </p>
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		<title>By: John Goldberg</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-15077</link>
		<dc:creator>John Goldberg</dc:creator>
		<pubDate>Thu, 10 Feb 2011 03:57:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-15077</guid>
		<description>Have you seen this website: 
I thought they were a scam, but in the end I won a bose system. You had to verify alot of information about yourself before they will send the item, I think they are a marketing company that acquires information but i won. Check out these videos I found:
http://www.youtube.com/watch?v=LKFqM3xEnU8
http://www.youtube.com/watch?v=lJnu5c2HOks&amp;NR=1
This is funny, they have a song about the auction site lol
http://www.youtube.com/watch?v=gDGlKtLLzFA&amp;feature=mfu_in_order&amp;list=UL</description>
		<content:encoded><![CDATA[<p>Have you seen this website:<br />
I thought they were a scam, but in the end I won a bose system. You had to verify alot of information about yourself before they will send the item, I think they are a marketing company that acquires information but i won. Check out these videos I found:<br />
<a href="http://www.youtube.com/watch?v=LKFqM3xEnU8" rel="nofollow">http://www.youtube.com/watch?v=LKFqM3xEnU8</a><br />
<a href="http://www.youtube.com/watch?v=lJnu5c2HOks&#038;NR=1" rel="nofollow">http://www.youtube.com/watch?v=lJnu5c2HOks&#038;NR=1</a><br />
This is funny, they have a song about the auction site lol<br />
<a href="http://www.youtube.com/watch?v=gDGlKtLLzFA&#038;feature=mfu_in_order&#038;list=UL" rel="nofollow">http://www.youtube.com/watch?v=gDGlKtLLzFA&#038;feature=mfu_in_order&#038;list=UL</a></p>
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		<title>By: Laura</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-10186</link>
		<dc:creator>Laura</dc:creator>
		<pubDate>Sat, 25 Sep 2010 13:41:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-10186</guid>
		<description>I purchased bids and was shocked that I was in on the last second and the timer started again.  This website is the biggest SCAM I have ever seen  I will fight with pay pal for my money back and never look into this type of scam bidding.  They only have 4 items on there website 3 bid cards and a shell gift card.  Total Scam...... Do not bid on this webstie. </description>
		<content:encoded><![CDATA[<p>I purchased bids and was shocked that I was in on the last second and the timer started again.  This website is the biggest SCAM I have ever seen  I will fight with pay pal for my money back and never look into this type of scam bidding.  They only have 4 items on there website 3 bid cards and a shell gift card.  Total Scam&#8230;&#8230; Do not bid on this webstie.</p>
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		<title>By: Dina</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-10022</link>
		<dc:creator>Dina</dc:creator>
		<pubDate>Wed, 22 Sep 2010 06:20:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-10022</guid>
		<description>Eyipee.com is a new penny auction, promises to return 100% of the placed bids if you win and 30% if you don’t win. The winner would not have to pay the auction price either! It sounds to good to be true, well it is! They don’t let anybody win anything! After I signed up and purchased 100 bids, I realized that the site is full of bots and shill bidders using bid butlers only. I lost my money and my time. Really…it’s not a legitimate company, DON’T WASTE your money there!</description>
		<content:encoded><![CDATA[<p>Eyipee.com is a new penny auction, promises to return 100% of the placed bids if you win and 30% if you don’t win. The winner would not have to pay the auction price either! It sounds to good to be true, well it is! They don’t let anybody win anything! After I signed up and purchased 100 bids, I realized that the site is full of bots and shill bidders using bid butlers only. I lost my money and my time. Really…it’s not a legitimate company, DON’T WASTE your money there!</p>
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		<title>By: Andrew</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-9683</link>
		<dc:creator>Andrew</dc:creator>
		<pubDate>Tue, 14 Sep 2010 15:19:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-9683</guid>
		<description>Someone really needs to do something about the shill bidding on Swoopo.  It is very obvious if you do a little searching around.  First look at all the auctions that have ended and look at the big ticket items.  Identify the items that sold at  a loss to Swoopo - something that did not collect enough 69 cent bids to cover the retail price.  Then take the name of that winning bidder and type it into Google.  It will probably have a name like  Dery50 or Shekhs76.  If you take a look at the Google search you will see that Dery50 is either extremely lucky or it is an automated program that is run by Swoopo to drive up the price of an item and then purchase it back if the price does not go over a certain limit.  Dery50 has won dozens of televisions, computers, Iphones, Wii consoles, you name it and all at a supposed loss to Swoopo.  The program is placing multiple bids in multiple countries at the same time.    This is shill bidding and it is illegal.  
Aside from the illegal shill bidding that Swoopo is conducting I also feel that this site should not be classified as an auction site.  It should be classified as a gambling site and subject to the federal and state laws that dictate the rules similar to a lottery or a Vegas casino.  Because that is what this is.</description>
		<content:encoded><![CDATA[<p>Someone really needs to do something about the shill bidding on Swoopo.  It is very obvious if you do a little searching around.  First look at all the auctions that have ended and look at the big ticket items.  Identify the items that sold at  a loss to Swoopo &#8211; something that did not collect enough 69 cent bids to cover the retail price.  Then take the name of that winning bidder and type it into Google.  It will probably have a name like  Dery50 or Shekhs76.  If you take a look at the Google search you will see that Dery50 is either extremely lucky or it is an automated program that is run by Swoopo to drive up the price of an item and then purchase it back if the price does not go over a certain limit.  Dery50 has won dozens of televisions, computers, Iphones, Wii consoles, you name it and all at a supposed loss to Swoopo.  The program is placing multiple bids in multiple countries at the same time.    This is shill bidding and it is illegal.<br />
Aside from the illegal shill bidding that Swoopo is conducting I also feel that this site should not be classified as an auction site.  It should be classified as a gambling site and subject to the federal and state laws that dictate the rules similar to a lottery or a Vegas casino.  Because that is what this is.</p>
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		<title>By: Michelle</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-8349</link>
		<dc:creator>Michelle</dc:creator>
		<pubDate>Sat, 21 Aug 2010 11:29:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-8349</guid>
		<description>The site is Complooter.com....home of the reverse 69 cent penny auction. </description>
		<content:encoded><![CDATA[<p>The site is Complooter.com&#8230;.home of the reverse 69 cent penny auction.</p>
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		<title>By: Michelle</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-8348</link>
		<dc:creator>Michelle</dc:creator>
		<pubDate>Sat, 21 Aug 2010 11:29:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-8348</guid>
		<description>We are a brand new REVERSE penny auction website....should be launching any day now.....  Our site is completely different than any other site...our auctions go BACKWARDS....meaning we start at the auction at a price, let&#039;s say $2.99 as each person bids (with pre-purchased bids) the price GOES DOWN a penny...there is also another way to win, that&#039;s the timer which also goes backward.....like our motto says &quot;when the price reaches zero or the time runs out, YOU WIN!!!&quot;  There aren&#039;t any &quot;bid ticks&quot; which add time as each person bids...we don&#039;t need them! We are a completely legitimate site, and do not put the items up for auction unless we have it in our possession.  We are so excited to be something new, fun and DIFFERENT!  Honest, moral and ethical.  Check us out again and again and again....you will not be disappointed. </description>
		<content:encoded><![CDATA[<p>We are a brand new REVERSE penny auction website&#8230;.should be launching any day now&#8230;..  Our site is completely different than any other site&#8230;our auctions go BACKWARDS&#8230;.meaning we start at the auction at a price, let&#39;s say $2.99 as each person bids (with pre-purchased bids) the price GOES DOWN a penny&#8230;there is also another way to win, that&#39;s the timer which also goes backward&#8230;..like our motto says &quot;when the price reaches zero or the time runs out, YOU WIN!!!&quot;  There aren&#39;t any &quot;bid ticks&quot; which add time as each person bids&#8230;we don&#39;t need them! We are a completely legitimate site, and do not put the items up for auction unless we have it in our possession.  We are so excited to be something new, fun and DIFFERENT!  Honest, moral and ethical.  Check us out again and again and again&#8230;.you will not be disappointed.</p>
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		<title>By: thatsme</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-8086</link>
		<dc:creator>thatsme</dc:creator>
		<pubDate>Sun, 15 Aug 2010 22:49:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-8086</guid>
		<description>It is possible fraud is going on in some penny auctions no dispute about that. But it is fair to say that fraud could be going on in this penny auction blog as well. I mean some of these reports could be make believed or hyped up because the person who owns this blogs gets commissions from Google Ads. And most of the profit comes from the highly profitable websites such as penny auctions.  Just look beside your web browser whomever reads this message. Who is policing the police here? It is good to try to be an honest reporter, but getting paid for it could lead you as a suspect of fraud. When you stop collecting from Google Ads I start listening. </description>
		<content:encoded><![CDATA[<p>It is possible fraud is going on in some penny auctions no dispute about that. But it is fair to say that fraud could be going on in this penny auction blog as well. I mean some of these reports could be make believed or hyped up because the person who owns this blogs gets commissions from Google Ads. And most of the profit comes from the highly profitable websites such as penny auctions.  Just look beside your web browser whomever reads this message. Who is policing the police here? It is good to try to be an honest reporter, but getting paid for it could lead you as a suspect of fraud. When you stop collecting from Google Ads I start listening.</p>
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		<title>By: auctionwatcher</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-3357</link>
		<dc:creator>auctionwatcher</dc:creator>
		<pubDate>Sat, 17 Apr 2010 07:27:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-3357</guid>
		<description>Thank you, yes we&#039;ve seen Swipebids, check out these posts &amp; feel free to comment: &lt;a href=&quot;http://www.pennyauctionwatch.com/?s=swipebids&quot; rel=&quot;nofollow&quot;&gt;http://www.pennyauctionwatch.com/?s=swipebids&lt;/a&gt; </description>
		<content:encoded><![CDATA[<p>Thank you, yes we&#39;ve seen Swipebids, check out these posts &amp; feel free to comment: <a href="http://www.pennyauctionwatch.com/?s=swipebids" rel="nofollow">http://www.pennyauctionwatch.com/?s=swipebids</a></p>
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		<title>By: Steve Jonson</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-3344</link>
		<dc:creator>Steve Jonson</dc:creator>
		<pubDate>Fri, 16 Apr 2010 21:00:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-3344</guid>
		<description>I appreciate what you are doing here, thank you. Could you look into swipebids, they are fairly new, opened April 25 2010 and seem to have a lot of complaints already. Looks like they are using bots and  denying wins because of tech problems and are using false tacking numbers to promote theyre so called winners. </description>
		<content:encoded><![CDATA[<p>I appreciate what you are doing here, thank you. Could you look into swipebids, they are fairly new, opened April 25 2010 and seem to have a lot of complaints already. Looks like they are using bots and  denying wins because of tech problems and are using false tacking numbers to promote theyre so called winners.</p>
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		<title>By: Liz Gray</title>
		<link>http://www.pennyauctionwatch.com/2010/02/internet-auction-fraud-penny-bidding/comment-page-1/#comment-3108</link>
		<dc:creator>Liz Gray</dc:creator>
		<pubDate>Sun, 04 Apr 2010 17:33:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.pennyauctionwatch.com/?p=7413#comment-3108</guid>
		<description>Perhaps the auction web site could post notarized proof of ownership, with an ecsrow company.  Item could be held for delivery by independent shipping company.   
 
Attention: This &quot;problem&quot; could be a fabulous opportunity. similar to the &quot;secure&quot; on the http, the guardian company would insure compliance, by verifying ownership of object being offered, insuring &amp;/or retaining object until it is sold and shipping it to winning bidder.   I&#039;m thinking that the insurance fee would be paid by seller. I actuality, the buyer pays as the insurance, like shipping, is overhead, factored into the price the buyer pays. 
 
 Focus on finding solutions.   If some very ambitious person decides to put my idea into practice, I will exchange my markrting skills for 5%.  After all every successful business is 80% WORK  including &quot;skull sweat&quot; plus financing.  The finance part could be provided by the shippers and insurers who would profit from new business.   in the case of cars, the auction site could easily prove their apparent integrity by allowing an escrow company tohold the title, with instruction to deliver the title and keys to the new owner.  The auction site would be responsible for storage fee, or the dealer could hold the car, truck, RV etc.  
 Requiring a photo of each bidder could eliminate unpaid bids, as the bidders themselves could &quot;see&quot; their competition.  Photo of winner with prize delivered could be posted.  Major Las Vegas casinos post their big winners, with photo, to encourage other gamblers.  Bidding photo might be of pet or whatever, for privacy. Photo of winner with pet at delivery might help.  Even at  a local auction, I&#039;ve had another haul off thebox of  books I bought. </description>
		<content:encoded><![CDATA[<p>Perhaps the auction web site could post notarized proof of ownership, with an ecsrow company.  Item could be held for delivery by independent shipping company.  </p>
<p>Attention: This &quot;problem&quot; could be a fabulous opportunity. similar to the &quot;secure&quot; on the http, the guardian company would insure compliance, by verifying ownership of object being offered, insuring &amp;/or retaining object until it is sold and shipping it to winning bidder.   I&#39;m thinking that the insurance fee would be paid by seller. I actuality, the buyer pays as the insurance, like shipping, is overhead, factored into the price the buyer pays.</p>
<p> Focus on finding solutions.   If some very ambitious person decides to put my idea into practice, I will exchange my markrting skills for 5%.  After all every successful business is 80% WORK  including &quot;skull sweat&quot; plus financing.  The finance part could be provided by the shippers and insurers who would profit from new business.   in the case of cars, the auction site could easily prove their apparent integrity by allowing an escrow company tohold the title, with instruction to deliver the title and keys to the new owner.  The auction site would be responsible for storage fee, or the dealer could hold the car, truck, RV etc. </p>
<p> Requiring a photo of each bidder could eliminate unpaid bids, as the bidders themselves could &quot;see&quot; their competition.  Photo of winner with prize delivered could be posted.  Major Las Vegas casinos post their big winners, with photo, to encourage other gamblers.  Bidding photo might be of pet or whatever, for privacy. Photo of winner with pet at delivery might help.  Even at  a local auction, I&#39;ve had another haul off thebox of  books I bought.</p>
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