con artist

Where else can someone make so much money and not even really have to work for it?

Ok, maybe that’s just a stupid question, but really think about it:  Anyone can go into the penny auction business and make a huge amount of money, it’s harder to make it when you have low traffic and not many bidders, you can end up losing. It’s very easy for anyone to set up a site, put in shill autobidders and/or manually shill bid to make money from their customers that they’re bidding against. They don’t even have to let anyone win, but they could let some win, just enough to make it seem like they have real winners. There are sites that are still in operation where we have allegedly found to not have e-mail addresses for their bidders. How could this be?

Penny auctions aren’t mainstream, not many people understand what they are or even know what they are.  Just think how easy it could be for someone to very easily rip people off. Perhaps you don’t even have to think about it, you can see some of our past articles and read what others have said in the forum, many people have been and are still being cheated by penny auction sites. We’re not talking about just losing to another bidder, but losing to a site. [click to continue…]

{ 9 comments }