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Old 04-30-2025, 04:56 PM
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Peter Spaeth
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4. Alt also came to learn that PWCC solicited, assisted or facilitated bid
manipulation by a group of individuals who fraudulently and collusively bid up items in PWCC
auctions. PWCC sought bids from the members of this group, and did not enforce PWCC’s
stated policies, such as its policy that non-payment for items won in an auction would result in a
ban from participation. PWCC’s deliberate actions and/or inaction fostered a corrupt auction
market culture where fraudulent or unethical conduct did not result in any consequences.
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