Re: [CR]Re: Shill Bidding


Example: Bike Shops:R.E.W. Reynolds

Date: Thu, 7 Feb 2008 16:38:47 -0800 (PST)
From: Raymond Dobbins <raydobbins2003@yahoo.com>
Subject: Re: [CR]Re: Shill Bidding
To: Kevin Moran <gridplan@yahoo.com>, classicrendezvous@bikelist.org
In-Reply-To: <591786.91929.qm@web52309.mail.re2.yahoo.com>


Now that sounds like an extremely interesting cautionary tale. Kevin, care to give us the details? I don't think you'd be breaking any laws :)

Ray Dobbins Miami FL USA

Kevin Moran <gridplan@yahoo.com> wrote: You're not beating the system, you're manipulating the market. I can tell you that bidding up your own auction, or colluding with people to do so, is a bad idea. Someone did that to me on eBay about 8 years ago and both eBay and the DOJ made an example of him. Not only did they get him for wire fraud (a felony), but when he sent the item through the mail, he was also guilty of mail fraud (also a felony). He should have known better, too. He was a lawyer until he was disbarred over the incident.

Kevin Moran Bloomington, Indiana USA
> Shill or clever. With ebay fees through the roof for
> every turn you make you can easily run up a big bill
> with something as simple as a bicycle. What with
> posting fees and reserve fees quite a bit more then
> the .25 cents per post that they started with back
> in 96.
>
> Now if you can figure a way to beat this system,
> let's say by posting an item at a very low price
> with no reserve then turning around and bidding it
> up youself to your real reserve price.
>
> Just wish I thought of it first.
>
> Ray Homiski Elizabeth, NJ