Users of the internet auction site eBay are being defrauded by unscrupulous dealers who secretly bid up the price of items on sale to boost profits, claims a report today.
The Sunday Times says its investigation has revealed that the practice of artificially driving up prices — known as shill bidding — is widespread across the site.
An undercover reporter last week taped one of the UK's biggest eBay sellers admitting that he was prepared to use business associates to bid on his goods for him.
The Sunday Times said it found evidence that a number of businesses — from overseas property agencies to car dealerships — have placed bids on their own items using fake identities.
Read more http://www.thisismoney.co.uk/news/article.html?in_article_id=416879&in_page_id=2
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