The Federal Trade Commission (FTC) today reported that it received 80,450 complaints related to internet auctions in 2005, representing about 12 percent of the total number of complaints. According to the organization, the latest figures indicate that web auction fraud has become responsible for the second most common kind of complaint after those about identity theft.
In a bid to fight the growing danger posed by online auction scammers, the FTC and its partners in government and the technology industry today unveiled a new section of the OnGuardOnline.gov website that aims to help buyers and sellers spot and avoid internet auction fraud. The site features an interactive game, “Auction Action,” that is designed to allow consumers to rack up points answering auction-related questions from different categories.

US Auction News

Posted: 03|3|06 at 10:19 am. Filed under: Auction News.