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Old 04-29-2006, 07:30 PM
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Default So who's going to pony up for Pete Hill?

Posted By: Steve

Doing that could in fact come back and bite you if such transactions were over 10k each time. The banks send the fed a form I think for all transactions of 10k or more.

The problem with buying something from yourself (especially if it is a rare item) is that the people that are willing to buy it will see the trail and put 2 and 2 together. It seems to me to be unethical to do such things. If a person wants to see how much an item would go for then a high reserve would tell them that. They could set a reserve for 300.000 for a card that normally sells for 200.000 (or has not been offered in years) in this manner I see no problem. But to buy it back from yourself to set a base price so others THINK it is worth a certain amount is wrong IMO.

Steve

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