Online auction site uBid Inc. announced it has become a publicly traded company after a merger with a subsidiary of Cape Coastal Trading Corporation, whose only business following the merger will be the execution of uBid’s business plan under the uBid name.
Concurrent with the merger, the combined company completed a $45 million private placement involving […]

German decorator Matthias Blume said on Monday he had relaunched the bidding process for the name tags of the 32 World Cup finalists used in the televised draw after receiving bogus offers. Blume, who found the slips of paper in a rubbish bag while cleaning up after the draw in Leipzig on Dec. 9, said […]

The online auctioneer eBay has admitted that personal accounts are being hijacked by fraudsters, but claim it is the responsibility of eBay users themselves to prevent this.
Criminals are obtaining the secret passwords of eBay subscribers and using their sites to conduct bogus auctions for non existent goods.
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Online auction site eBay has publicly responded to complaints of fraudulent auctions by user Alisher71, possibly a Naples resident. In the last 30 days, Alisher Mardonov and Shahnoza Khakimova allegedly listed over 1000 items on eBay, accepted payment, but never delivered the merchandise.
The auctions began in mid November listing everything from iPods to laptop computers. […]

Since the launch of I-BID in 2003, the state has earned about $700,000 from the sale of more than 3,000 items, ranging from an old Department of Transportation helicopter to Swiss Army knives confiscated from travelers at the state’s airports.”There are people interested in everything we might sell,” said Brian Chapman, chief operating officer for […]