Rugs.com.au

[Data Glasses]

Thanks for the update.

Are there any ways to prevent these type of fraud from recurring from a risk management perspective?

What happens to the fraudster, if anything?

Obviously banned, then opens another account from a different Ip and email ….rinse and repeat, would be hard to stop i guess

 

[findtim]

Obviously banned, then opens another account from a different Ip and email ….rinse and repeat, would be hard to stop i guess

i don't see the what's possible to gain ?

tim

 

[Data Glasses]

i don't see the what's possible to gain ?

tim

what was the gain the first time ???

 

[findtim]

what was the gain the first time ???

 

[plano]

The impact of this behaviour is not necessarily ameliorated in each case by awarding the auction to the final under-bidder at their highest bid before only they and the fraudulent bidder were bidding because:

1/ The fraudulent bidder might be only one of two bidders bidding up the price but then the legitimate bidder is the one who wins the auction

2/ The final bid price which has been inflated by the activities of the fraudulent bidder might be used as the reference point for making a similarly sized legitimate bid on another auction platform which subsequently wins the auction

 

[findtim]

The impact of this behaviour is not necessarily ameliorated in each case by awarding the auction to the final under-bidder at their highest bid before only they and the fraudulent bidder were bidding because:

1/ The fraudulent bidder might be only one of two bidders bidding up the price but then the legitimate bidder is the one who wins the auction

2/ The final bid price which has been inflated by the activities of the fraudulent bidder might be used as the reference point for making a similarly sized legitimate bid on another auction platform which subsequently wins the auction

your point 2/ is a very dangerous thing to have in the industry given the different success rates of the 2 auction houses.

seems there would be only 1 winner and we would hope that is not the case in this instance.

tim

 

[nt81]

I'm keen to hear just how many bids this "final bidder" and associated IP addresses made - and were those bids cancelled as well ?

If that bidder bumped up the price... you see where i'm going.

NT81 sets mode + transparent