Guy wins Camaro for $5.28 on Penny Auction

DankCashJohn · Jul 13, 2011

CNN.com - Breaking News, U.S., World, Weather, Entertainment & Video News

Fast Penny Cars | Penny Auction for Automobiles and Car Related Products

LOL, that guy fucking got away with one

BlokBlok · Jul 13, 2011

Shit was proven to be fake Something Doesn’t Seem Right About FastPennyCars.com cant believe those ass holes are getting so much press

EricVonDoobie · Jul 13, 2011

Awesome marketing idea. Shit.

taktikz · Jul 13, 2011

It's viral marketing guys

davidne · Jul 13, 2011

BlokBlok said:
Shit was proven to be fake Something Doesn’t Seem Right About FastPennyCars.com cant believe those ass holes are getting so much press

did you actually read the article? it doesn't prove anything, other than they promoted on the pennyauctionwatch forum that their friends won something on their site. sounds perfectly legit to me, and judging by some of the pennyauctionwatch comments about that article, it is. the title is just fear mongering so people will read that shit.

vinnythejinny · Jul 13, 2011

so from when CNN started running farticles? Penny auction watch guys are just smart guys, they pretend to "help" people from scammy companies but they work for you if you pay them right. They are sold off to many penny auction companies.

BlokBlok · Jul 13, 2011

The guy who won lives in the same town as fastpennybid.com is headquartered, what are the odds....

Anyway I will stop hating, great marketing ploy and they are getting press from it, just like Beezid with Lindsay Lohan.

justo_tx · Jul 13, 2011

davidne said:
did you actually read the article? it doesn't prove anything, other than they promoted on the pennyauctionwatch forum that their friends won something on their site. sounds perfectly legit to me, and judging by some of the pennyauctionwatch comments about that article, it is. the title is just fear mongering so people will read that shit.

I don't know if I should throw in the notsureifserious.gif here or just state that it still seems fishy.

Regardless, building a penny auction site sounds like it would be pretty interesting from a technical perspective, but capital intensive if you were going to run it legit. It'd be easy to build and run a sham operation using database triggers to auto shill and ensure you never end up with an unprofitable sale.

maxximum · Jul 13, 2011

vinnythejinny said:
so from when CNN started running farticles? Penny auction watch guys are just smart guys, they pretend to "help" people from scammy companies but they work for you if you pay them right. They are sold off to many penny auction companies.

Hi guys, I own and operate Penny Auction Watch and as in the FastPennyCars article I just post it like I see it, and leave it open for comment. I found it fishy that the site VP had the same IP as the posted. I suppose to them it's "PR" but is it ethical? I know a few questions have been raised about the winner being in the very city as the company as well.

Vinnythejinny - I see you're a brand new member here, welcome, but you are flat out wrong about Penny Auction Watch.

I am not sold out to ANY penny auction site, I/PennyAuctionWatch.com does not "work for any penny auction company." I have advertisements on my site but pull them if the site is found to be illegitimate and ripping consumers off. In fact, months ago I even pulled Wavee.com ads off of my site after I read complaints on my forum about members not receiving items. I've pulled ads many times. I will not be bought off. I have never once charged anyone for any of my articles nor have I taken money for them - aside from any - minimal affiliate links - disclosed. I won't advertise for a site that I feel is a scam.

Where is your proof vinnythejinny? You don't have any - because there isn't any. It makes me want to ask - Who are you affiliated with?

I am a penny auction bidder who came across penny auctions in March of 2009. After I had what I thought was a pretty good experience on a penny auction site - seriously, I was hooked after I won a Wii for $0 in free bids (promotion when they opened) the site was Yottabid.com it's now gone. (later - with the use of my forum found that the very first site I won on was shill bidding against me).

A few short months later, I came across another site called CheapoBids.com - gone now, I bought bids to try for their penny auction for a brand new Honda. After bidding a few minutes I knew something didn't seem right. The site would let you think you were going to win, other bidders didn't come in 'til about 1 second left on the timer - users with names MikeyMike, SuzySue, RomeyRome, ThatsHotParis##, etc. (see the articles from May 2009 Beware of Cheapobids.com).

Sorry to 'toot my own horn,' but I've been mentioned in Time Magazine, The Denver Post, Reuters, on TV news: ABC, FOX, CBS, CBS radio, Wired.com, AOL's WalletPop, Mint.com.

I'm even being sued by the same affiliate marketer that the FTC is suing for $450 million for alleged fraud. SwipeBids.com Possibly Tied to Jesse Willms Just Think Media

Back in 2009, I found that at the time there wasn't much info out there about penny auctions. I found out about script developers selling penny auction software packages with bot bidding (fake/computer) bidding functionalities, many call this "intelligent investment protection," one company refers to them as business guards/angels, etc. software developers tout their bot scripts as being the sure all way to make money all while ripping off consumers.

Over the past 2 years I've seen MANY and reported on many penny auction sites, that have been found by myself and my forum members, that have shill bid, not shipped and just flat out ripped off consumers. I've been stolen from of hundreds if not thousands of dollars by penny auction sites.

I started my site to be an outlet for others to come together, share their experiences and a platform to report on penny auction sites.

I did not once call FastPennyCars.com a scam, I just wrote it like I saw it and I just found it fishy. I have heard from a bidder/forum member that he has received the gift cards that he won that totaled a couple hundred dollars.

VinnytheJinny - Many of the sites that my site has exposed have retaliated and posted a number of websites & lies that are flat out defamatory + false as is your statement. One blog bidcactusisascam.blogspot.com posted by a "Gertrude" claims falsely that I am a male felon just out of jail in California. Which is why I wonder if you stand to gain from your statement discrediting me with lies, or are just ill informed based on reading the number of lies posted online. Another for i.e.: http://www.pennyauctionwatch.com/20...rmation-cheapoh-scam-lies-misinfo-defamation/ + http://www.pennyauctionwatch.com/20...ll-watchdog-bot-bidding-auctionwebsitescript/, http://www.pennyauctionwatch.com/2010/06/bidstick-penny-auction-investigator/ there's tons more.

justo_tx said:
I don't know if I should throw in the notsureifserious.gif here or just state that it still seems fishy.

Regardless, building a penny auction site sounds like it would be pretty interesting from a technical perspective, but capital intensive if you were going to run it legit. It'd be easy to build and run a sham operation using database triggers to auto shill and ensure you never end up with an unprofitable sale.

maxximum · Jul 13, 2011

With that said, I hope that FastPennyCars.com is legit and that real consumers are getting great deals.

P.S. - Vinny, sorry I checked again and see that you're not a new member, must have looked at another poster. Where is the CNN article?

erifdekciw · Jul 13, 2011

of course they are a scam. You know how many penny actions have gone bust. You think these guys would fare any better without doing some marketing like this?

Hell is this even original? Hasn't every penny action site had a car auctioned off and there was some kind of press release? Dont know whats so different or amazing about it this time.

crackp0t · Jul 13, 2011

maxximum said:
Hi guys, I own and operate Penny Auction Watch and as in the FastPennyCars article I just post it like I see it, and leave it open for comment. I found it fishy that the site VP had the same IP as the posted. I suppose to them it's "PR" but is it ethical? I know a few questions have been raised about the winner being in the very city as the company as well.

Vinnythejinny - I see you're a brand new member here, welcome, but you are flat out wrong about Penny Auction Watch.

I am not sold out to ANY penny auction site, I/PennyAuctionWatch.com does not "work for any penny auction company." I have advertisements on my site but pull them if the site is found to be illegitimate and ripping consumers off. In fact, months ago I even pulled Wavee.com ads off of my site after I read complaints on my forum about members not receiving items. I've pulled ads many times. I will not be bought off. I have never once charged anyone for any of my articles nor have I taken money for them - aside from any - minimal affiliate links - disclosed. I won't advertise for a site that I feel is a scam.

Where is your proof vinnythejinny? You don't have any - because there isn't any. It makes me want to ask - Who are you affiliated with?

I am a penny auction bidder who came across penny auctions in March of 2009. After I had what I thought was a pretty good experience on a penny auction site - seriously, I was hooked after I won a Wii for $0 in free bids (promotion when they opened) the site was Yottabid.com it's now gone. (later - with the use of my forum found that the very first site I won on was shill bidding against me).

A few short months later, I came across another site called CheapoBids.com - gone now, I bought bids to try for their penny auction for a brand new Honda. After bidding a few minutes I knew something didn't seem right. The site would let you think you were going to win, other bidders didn't come in 'til about 1 second left on the timer - users with names MikeyMike, SuzySue, RomeyRome, ThatsHotParis##, etc. (see the articles from May 2009 Beware of Cheapobids.com).

Sorry to 'toot my own horn,' but I've been mentioned in Time Magazine, The Denver Post, Reuters, on TV news: ABC, FOX, CBS, CBS radio, Wired.com, AOL's WalletPop, Mint.com.

I'm even being sued by the same affiliate marketer that the FTC is suing for $450 million for alleged fraud. SwipeBids.com Possibly Tied to Jesse Willms Just Think Media

Back in 2009, I found that at the time there wasn't much info out there about penny auctions. I found out about script developers selling penny auction software packages with bot bidding (fake/computer) bidding functionalities, many call this "intelligent investment protection," one company refers to them as business guards/angels, etc. software developers tout their bot scripts as being the sure all way to make money all while ripping off consumers.

Over the past 2 years I've seen MANY and reported on many penny auction sites, that have been found by myself and my forum members, that have shill bid, not shipped and just flat out ripped off consumers. I've been stolen from of hundreds if not thousands of dollars by penny auction sites.

I started my site to be an outlet for others to come together, share their experiences and a platform to report on penny auction sites.

I did not once call FastPennyCars.com a scam, I just wrote it like I saw it and I just found it fishy. I have heard from a bidder/forum member that he has received the gift cards that he won that totaled a couple hundred dollars.

VinnytheJinny - Many of the sites that my site has exposed have retaliated and posted a number of websites & lies that are flat out defamatory + false as is your statement. One blog bidcactusisascam.blogspot.com posted by a "Gertrude" claims falsely that I am a male felon just out of jail in California. Which is why I wonder if you stand to gain from your statement discrediting me with lies, or are just ill informed based on reading the number of lies posted online. Another for i.e.: CheapOH.net VP Defames PAW + AuctionWebsiteScript.com SonikTechnologies Shill Penny Auction Watchdog, Penny Auction BidsTick PennyAuctionInvestigator there's tons more.

Justo_Tx, unfortunately so many do run sham operations - the ones that seem to be legit really end up closing due to too many losses it seems.

For instance:
See Closed Penny Auctions
PENNY AUCTION VUULU NOW MUULU
AuctionWebsiteScript.com Bot Bidders
Penny Auction | NickelBids.com Review from a DIssatisfied Customer
Another Penny Auction Startup Asks for Bots
Penny Auction Scripts for Sale with Shill Bots
JokerBids.net Requests Autobidding Bots
Penny Auction Bot Script
BidRack.com Allegedly Stole Images to Create Phony Testimonials
BidMacs.com Ad Uses Justine Ezarik’s Image
Penny Auction Bots
Myluckybids Penny Auction Review
4BiddinBidsLive.com Penny Auction Review
ClassyMaven.com Penny Auction Is It Legit?
EasytoWinAuctions.com Caught Shill Bidding
BidFireworks Penny Auction Shill Bidding
Do Penny Auction Sites Shill Bid?
& also the Hall of Shame & Legit or Not categories on my blog & posts by forum members...

So you're saying Penny Auction Watch - Pedophile and Criminal Owner is fake or are you really a pedophile and criminal. I'm not trying to spread rumors or anything we just want to know the truth.

danke · Jul 13, 2011

PennyAuction sites sound like Casinos in terms of how easily they make money on the auction...

mGrunin · Jul 13, 2011

Over two years ago, someone I knew wanted to open a legit penny auction business. They were offering about 100 free bids for the first 1000 members, so I was allocated those free bids.

I did win an auction which was for a webcam. Ending up paying I believe about 8c for the item.

One year later in 2010 I checked back on the business and noticed that items were still selling for a loss. 4/5 items sold for a decent loss, the one item that sold for profit was just a little over retail cost after adding up all the bids on the auction.

One year later now in 2011 I'm checking back on the site; it's running on profit. So it seems that it took about 2 years of absorbing losses before their business started turning over profit. I could be naive and not realize that most of their bids are from bots but considering that they are still live after 2 years, it must be doing them good.

The site is called DealDash btw.

sasquatch · Jul 13, 2011

Someone explain to me how this is not gambling. Your not bidding at all. You put in a token, pull the handle and hope you come out the winner.

Marketing wise, it's great. If they can get the traffic, it could be hugely profitable. That is until some Attorneys General decides it's gambling and they get shut down or worse.

crackp0t · Jul 13, 2011

sasquatch said:
Someone explain to me how this is not gambling. Your not bidding at all. You put in a token, pull the handle and hope you come out the winner.

Marketing wise, it's great. If they can get the traffic, it could be hugely profitable. That is until some Attorneys General decides it's gambling and they get shut down or worse.

The same way ebay and all auctions aren't gambling?

tacoX · Jul 13, 2011

I had no clue Penny Auction sites were a scam, thanks for explaining to me.

justo_tx · Jul 13, 2011

crackp0t said:
So you're saying Penny Auction Watch - Pedophile and Criminal Owner is fake or are you really a pedophile and criminal. I'm not trying to spread rumors or anything we just want to know the truth.

lol, you asshole, gotta reset the counter to 0 now.

BlokBlok · Jul 13, 2011

sasquatch said:
Someone explain to me how this is not gambling. Your not bidding at all. You put in a token, pull the handle and hope you come out the winner.

Marketing wise, it's great. If they can get the traffic, it could be hugely profitable. That is until some Attorneys General decides it's gambling and they get shut down or worse.

Its not technically gambling because you can guarantee you will win if you never stop bidding (unless there are autobidder bots of course) this means there is no chance like Blackjack ect. Some sites have buy it now too. But yeah, not your mothers eBay.

AdsMakeSense · Jul 13, 2011

Probably some fake but smart marketing scheme.
They got the press release and marketing from the press as they intended.

Guy wins Camaro for $5.28 on Penny Auction

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