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Old 03-09-2010, 12:21 PM
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Jeffrey Lichtman
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Join Date: Apr 2009
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Quote:
Originally Posted by Peter_Spaeth View Post
The business model is to wait for someone ignorant to come along and pay double what the card is worth. For example,

http://cgi.ebay.com/ws/eBayISAPI.dll...m=140378454740
I don't believe that sales like this actually occur the majority of the time. We've learned from more significant crooks that a sale is often recorded at an inflated price just to set the victim up when the same card is offered for sale at a later date -- with the fake sale available to act as a fraudulent guide to value. This sort of fraud happens all the time and is not much different than straight shill bidding. Maybe Doug Allen can discuss the impact of such fraud at the Net 54 dinner.
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