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Copart provides vehicle sellers with a range of services to process and sell repairable and clean title vehicles over the internet, using its patented virtual auction technology, named VB3, as well as others of its auction-related brands. Copart is a public company and is traded on the NASDAQ under the ticker symbol CPRT and has been named to ...
Fortunately, most scam auctions are actually pretty easy to spot if you know what to look for. None of these signs of flimflam are foolproof. But if you're at an auction and find that more than a ...
Going to an auction can be an exciting way to get great bargains -- and it's a lot less intimidating than you might think. Unfortunately though, the auction business has long been a haven for con ...
Nina Kollars of the Naval War College explains an Internet fraud scheme that she stumbled upon while shopping on eBay.. Internet fraud is a type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect information for the purpose of tricking victims out of money, property, and inheritance.
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
Scams and confidence tricks are difficult to classify, because they change often and often contain elements of more than one type. Throughout this list, the perpetrator of the confidence trick is called the "con artist" or simply "artist", and the intended victim is the "mark".
If the phantom bid is the winner, the lot is hidden and comes back around for a second auction, or the second-highest legitimate bidder is informed that the first bidder was unable to make payment. In online auctions, the latter ruse is pulled via a (secretly illegitimate) "second-chance offer."