According to the Better Business Bureau (BBB), auction scams are on the rise again. Counterfeit auction sites are popping up and fooling consumers into trying to purchase big-ticket items like vehicles and boats. Not only do they steal from the consumer but also personal information to exploit their victims.
Auction scams typically start with an ad for auction sites selling cars, motorhomes, boats, and other expensive items. The website looks legitimate and might even claim to be associated with the government. The consumer becomes interested, registers for the website, and provides personal information like their driver’s license. They “win” some auctions and are told to transfer money. Once they make the transfer, the auctioneer disappears.
If the auction claims to be a “government” auction, consumers should directly contact that branch of government. Consumers should research the auction company and understand its terms and conditions. There may be additional fees like an “entry fee.”
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