Yes, they are relentless. But so are we. /forums/images/graemlins/cool.gif It is kind of like going to the bank, and every third teller is not actually an employee of the bank, but a crook, who will take your "deposit" and go off to Paris with it. /forums/images/graemlins/blush.gif
It is going to ruin Ebay if they cannot get some handle on this amount of fraud. Yes, it is "buyer beware" and all that. But geez, six or seven of these blatant scams in a few days is really troubling.
The way this actually works for the scammer is that they "help" the bids up until a sucker actually "wins" the bidding. Then, the “winner” is asked to send a "deposit" of about 10% of the total bid price as good faith and to push the shipment forward. The "balance" is due on "delivery (which of course never occurs).
That is why you see the bids go from a $2,500 "opening" bid on a $100,000 tractor to $40,000 within an hour of the auction starting. Likewise, it is why the bidders are hidden. Likewise, it is why you have to be “pre-approved” (need to give your credit card info, etc.). All of these are danger signs.
The scammer is hoping that someone, anyone, will win the bid and send that 10% (maybe as much as $4-5,000) as a "deposit.
This 10% "deposit" is not an Ebay rule, per se, but it has become the de facto standard for auctions on cars, boats, airplanes, etc.
The only good thing that has happened in this current flurry of half-baked frauds, is that they were almost instantly uncovered and closed down. The “TBN Posse” is ever vigilant!. It is “our” resources (80,000 strong) versus one or two idiot scammers. I think it is fair to say that the chance of one of these scams involving a CUT going to completion is about zilch. Nice job TBN’ers! /forums/images/graemlins/grin.gif /forums/images/graemlins/cool.gif /forums/images/graemlins/grin.gif