A SnapNames executive was found to be shill bidding on 0.5% of the company’s auctions to artificially inflate the price and build hype, from 2005-2007. Fortunately, SnapNames announced that they will refund winners the difference between the inflated price and what the auctions should have ended at. Today the largest company conducting these auctions is SnapNames, [...]
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Monday, November 9, 2009
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