A jewellery company in the US who were shill bidding on a massive scale has been fined $475K.
Ezra Dweck and employees of his company, EMH Group, placed more than 232,000 such bids worth some $US5 million over about a one-year period.
Full story here
I find this pretty hard to believe! At auctioning4u if we get one of our employees bidding on an item we get hammered. eBay detects this by IP address and also shipping address and email etc.
Also how did they find the time to do place all those bids? AmazingIf you found this post useful, why not buy me a coffee!