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Old 26th November 2011, 15:55   #1
ssadwelkar's Avatar
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Default Spicybids.com - fraud website?

Dear friends, just thought I would warn you about this fraud website and how they cheat people, my friend has experienced the same as mentioned below and lost a lot of money, I have copied the following article from the Internet, and I am sure it is true as we have experienced it.

Cheating People By Bidding
Spicybids is a fraud website. The concept behind the fraud is to make people bid and do not give them any products. And they charge for each bid.

This is how it works. A consumer has to register and pay money to buy bids. For Rs.3200 they give 100bids (they have different rates for different numbers). Once you buy bids, you can start bidding. For each bid that you click they charge around Rs. 32 (again depends on the bids that you buy). When the bid is about to close, some one can bid again and the timer extends for 20 seconds. This will countinue till no one bids, and the last bidder wins the product.

Now I'll explain how the company is making others fraud. First point, if you keep a close look, you will see that the products keep repeating (because they are showing the same products again and again). Second point, consumers also keep repeating (are there only handful of people to bid in a website in a country as big as INDIA or World?). Third point is, if a consumer starts bidding, the bid will continue and won't end at all, till the same repeating users win the bid)

Moral of the story is some one has started a website and they are minting money by collecting money just to bid in the website and they make sure some of their own company staff itself gets the product. This way they get money and they don't have to sell any product. That is why the product & the users keeps repeating. And if a consumer who is not from their company bids, the bid will not end.

You can try this out. Keep bidding for a '15free bids'. The value will keep increasing and will not end (May go more than 70-80). And if you check the winners area you will see that generally '15free bids' go for Rs.3-20. Please avoid using this website. And I request the responsible people to take action against the owners of this website.
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