For10Cents Gets an F

December 27, 2009

For10cents.com, the very same penny auction site that appeared to have left shill comments on the Penny Auction Watch forum,   resulting in our terminating their ability to advertise with us gets an F from the Better Business Bureau of Chicago. From  BBB.org: “BBB Rating for For10cents.com Based on BBB files, For10cents.com has a BBB Rating [...]

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When Will the Bots Stop?

December 13, 2009

Today, The Dominion Post, New Zealand published the article  Penny Auctions Trouble Watchdogs, raising the question of legality and questioning whether penny auctions are akin to gambling. A Consumer Affairs Victoria spokesman said that they had reservations about penny auctions, “In a traditional online auction transaction, the losing bidder is not out of pocket.” According [...]

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Penny Auction Owner of TdBids.net Admits to Shill Bidding

December 5, 2009

We recently exposed TdBids’ fraudulent shill bidding, now the owner admits to it. Read the posts in the forum here. dtr777777 Member Join Date: Aug 2009 Posts: 60 Reputation: 10 Quote: Originally Posted by stewartfan Why do you bid on your own site ? I don’t bid on my site now. I trying to proof [...]

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The New York Times on Losing Auctions

October 24, 2009

In today’s The New York Times article Losing Out After Winning an Online Auction, Alina Tugend warns readers of auction fraud and even mentions penny auctions Swoopo and GoBid: “There’s a lot of ways to lose money with online auctions,” said Sally Greenberg, executive director of the National Consumers League, a nonprofit group. … To [...]

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iPennybid is Now BidVoo

October 5, 2009

Remember iPennybid? We received a legal threat, many negative comments from unhappy iPennyBid bidders and found out that iPennyBid required scans of bidders driver’s licenses. Now iPennyBid is gone and the offline message reads: “Due to licensing reasons, iPennyBid.com is no longer available in your country. We will post more information when available.” Licensing reasons? [...]

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The Psychology of Scams

September 27, 2009

We already know that there are con artists at work utilizing the entertainment shopping phenomenon to profit. With this in mind, you may be interested in reading this fascinating study on the psychology of con games.”The psychology of scams: Provoking and committing errors of judgement” was prepared for the UK Office of Fair Trading by [...]

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Pardoo Might Be Allegedly Shill Bidding Their Penny Auctions

September 4, 2009

Penny Auction Pardoo just launched this week. The question was raised in the forum of odd bidding patterns and possibly shill bidding bots on Pardoo. Curious as to what software Pardoo.com is using? Let’s take a  look at their sourcecode:  Pardoo’s software, Cactus CMS 3.8 comes from Estonia based software developer DigitalFruit.ee. Does DigitalFruit.ee sell [...]

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