There are plenty of underhanded techniques eBay sellers can use to inflate the prices buyers must pay for their items, with one of the most common being phantom bids placed by the seller or their agent to drive up prices. A New York jewelry seller's been busted by the state's attorney general for doing this sort of shill bidding, and forced to cough up $400,000 in fines and restitution, and it's been banned from participating in online auctions for four years. It's a little interesting to learn that the AG's office got involved only after eBay went to it with some suspicious bidding patterns on items listed by the company. eBay tends to move quite quickly when high-profile groups want certain items yanked from the site, or to block competition. However, it's also seen its reputation take something of a hit as people grow weary of scams and other tricks and catches many sellers on the site use. The company says it's cracking down on these issues, and perhaps this case is supposed to be evidence of that. However, eBay went to the AG in late 2005 with this case, so it hardly seems like things are moving very quickly. While it's nice to see one less scammer on the site, it's just one out of a sea of tens of thousands more, and it's going to take more than one high-profile case to restore confidence in the site.
If you liked this post, you may also be interested in...
- Scammy Company Trying To Get Writers For Major Sites To Engage In Pay-To-Link Arrangements
- Teenager Pays Hundreds Of Dollars For A Picture Of An Xbox One
- Watch One Kickstarter Creator Self-Destruct As People Call Him Out For Scam Project
- South Korean Spy Agency Allegedly Tried To Influence Presidential Vote - By Posting 1.2 Million Tweets
- And Here Comes The NSA-Themed Ransomware