PennyBiddr agrees to cash out and refund consumers under agreement with Washington Attorney General
Some penny auctions use cheap tricks to cheat consumers, state warns
SEATTLE – Penny auction sites lure consumers with cheap prices on brand-name electronics, designer handbags and discounted store gift cards. But an investigation by the Washington Attorney General’s Office shows how some of these sites can fool consumers into paying big bucks on an auction with no winner. These sites use shill bids to drive up prices by one unlucky penny at a time.
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