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Hardware News

Scam wins auctions on the cheap

Bob Sullivan, MSNBC ZDNet.co.uk

Published: 27 Jul 1999 14:48 BST

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Scam artists have figured out a way to win eBay auctions on the cheap. In a process known as "bid shielding," two people work in tandem -- one puts in a low bid, then the other puts in an outrageously high bid that scares off all other bidders.

At the last moment, the high bidder withdraws, leaving the lower bidder the winner. And victims may never know why their items sold for such a low price.

Full story to follow.

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