shill bidding


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shill bidding

n
(on an online auction) the illegal practice of a seller or a seller’s acquaintances placing bids on his or her goods in order to drive up the price
[from shill, a confidence trickster’s assistant]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
There is no auction law in the Philippines, there is no law saying shill bidding is illegal,' he says.
That was the base of operations for the criminal investigation of another sports memorabilia fraud, a shill bidding scheme at Mastro Auctions of Chicaeo.
Concerning the latter two categories, deceptive advertising and known cases of shill bidding by some websites have given the industry a black eye, but those problems are not unique to the penny auction industry and can be dealt with largely through existing channels.
The court was told how the case, involving so-called "shill bidding" on eBay, was the first of its kind in the UK following the introduction of new legislation.
The case, involving socalled 'shill bidding' on eBay, was the first of its kind in the UK following the introduction of new legislation.
Paul Barrett, 39, a dad of one, who owns a minibus firm, admitted to 11 charges of so-called "shill bidding", brought out under new laws to combat internet fraud, the Sun reported.
A judge told Paul Barrett, 39, he was lucky to escape jail after he was fined pounds 3,500 in the UK's "shill bidding" test case.
Officers found he was selling goods on the auction website under the username "shanconpaul", then bidding on them under the identity "paulthebusman" - a process known as shill bidding.
It's called "shill bidding" and the practice is apparently rife throughout the business.