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.