Shill bidding at an auction occurs when a fraudster accepts payment for an item and then fails to deliver it.

Name: Shill bidding at an auction occurs when a fraudster accepts payment for an item and then fails to deliver it.
Brand: Quizplus
Rating: 4.9 (60 reviews)

Question

Quizplus · Accepted Answer

Shill bidding is when a fraudulent bidder artificially inflates the price of an item at an auction by bidding on it themselves or having someone else bid on their behalf. It does not involve accepting payment and failing to deliver the item.

Shill Bidding at an Auction Occurs When a Fraudster Accepts