Thread: Scam - Swoopo
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Scam - Swoopo

I've been getting weblinks to this place:

Auction | Cheap TV laptop ipod auctions - bid & win on Swoopo

I checked it out, since at first, it seems like they auction stuff really cheap...until you read the fine print and see how it works:

You have to pay to place a bid, which is something like $0.60. Everytime you "bid", the price is incremented, say by $0.06. So, if something is for bid at $200.00, you place a bid and it is now $200.06.

This means that if the "bidding" is at $200, then over 3000 bids have been placed, and they are charging $0.60 per bid which means they have already collected $1800!!!

They were selling 1oz bars of gold and the bids only get up to $240...but by then, they have collected more than twice the value in "bids", AND you still pay the price at the end.

Nothing illegal here, but wow, what a SCAM!
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Old 09-25-2009, 08:43 AM
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