Shill Bidding
Shill bidding is undisclosed vendor bidding that is used to artificially inflate the price of a certain item. It is usually carried out with "shill" account(s), by either the seller under an alternate account or another person in collusion with the seller. Shill bidding is nominally prohibited by eBay. However, eBay has been criticized for not doing enough to combat the problem. Indeed, it can now be demonstrated that eBay actively facilitates such allegedly criminal activity.
Read more about this topic: Criticism Of E Bay, Fraud
Famous quotes containing the word bidding:
“Practically speaking, the opponents to a reform in Massachusetts are not a hundred thousand politicians at the South, but a hundred thousand merchants and farmers here, who are more interested in commerce and agriculture than they are in humanity, and are not prepared to do justice to the slave and to Mexico, cost what it may. I quarrel not with far-off foes, but with those who, near at home, coöperate with, and do the bidding of, those far away, and without whom the latter would be harmless.”
—Henry David Thoreau (1817–1862)