Thursday, January 26, 2012

KMPH Special Report: Online Penny Auctions

KMPH Special Report: Online Penny Auctions Tube. Duration : 3.63 Mins.


bestbidsites.org By Ashley RitchiePenny auctions promote great deals on hot merchandise brand new iPhones for 15 bucks, digital cameras for three bucks, Prada sunglasses for 46 bucks and more.But shoppers aren't the only ones checking out the deals these days. We found while the number of websites is growing, so are the number of consumer investigations, lawsuits and complaints.The Federal Trade Commission says consumers have filed hundreds of complaints with the agency and the Better Business Bureau has gotten more than 1500 complains in the last year."We urge extreme caution with consumers. We urge that consumers understand that it's very hard to actually win the products," Becky Maier, Better Business Bureau, said.Penny auction "investigation" websites are now popping up; warning shoppers about sites it says are not playing fairly.At least two class action lawsuits have been filed in federal court. One alleges consumer fraud.Another one was filed against Quibids and other penny auction sites claims companies are illegally gambling and operating a lottery.Quibids strongly denies all allegations and says it offers shoppers fun chances to win cool stuff at an amazing price."I know for a fact this is not gambling or any illegal lottery. What I would call it is entertainment shopping," Jill Farrand, Quibids Director of Public Relations, said.Quibids points to satisfied customer Pat Brown, who won an iPad for 0, an iMac computer for .60, a flat screen TV, more iPads ...

Keywords: KMPH, Fox, 26, News, Great, Day, Kopi, Special, Report, Ten, O'Clock, 10pm, Fresno, Ashley, Ritchie, Online, Penny, Auctions

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