Doug,a frequent visitor of online auction sites,uses two different accounts-one to place a low bid and the other to place a very high bid on the desired item.This leads to other bidders dropping out of the auction.He then retracts the high bid and wins the item at the low bid.This form of e-auction fraud is known as ________.

Question

Quizplus · Accepted Answer

Doug's behavior of using two accounts to artificially drive up the price of an item and then retracting the high bid is a form of shill bidding, which is considered e-auction fraud.

Doug,a Frequent Visitor of Online Auction Sites,uses Two Different Accounts-One