Posted tagged ‘Shill Bidding’

Going Once, Going Twice, Sold!

July 5, 2010

 Have you ever taken part in an auction on eBay?

What I’m going to blog today is all about cheating on online auctions and actually is about a guy who became the first person in the UK being prosecuted over an online auction. According to BBC News, he used two separate eBay accounts to bid against himself.

The investigation started when a compliant took place stating that Paul Barrett, boss of a mini-bus firm, had falsely advertised and sold one of his vehicles on eBay. The North Yorkshire Trading Standards officer after tracking him found that  he was selling goods on the auction website under the username “shanconpaul”, while bidding on them under the identity “paulthebusman”.   

However after he was caught he admitted to breaching the Business Protection from Misleading Marketing Regulations 2008 and the Consumer Protection from Unfair Trading Regulations 2008 which were introduced in the UK two years ago in a bid to tackle growing internet fraud, after an EU directive to increase consumer protection. 

However, shill bidding is not easy to be proved or to be detected and also it’s hard to quantify the victim’s loss.

What’s your take on it?

Source: Read more from BBC News