Auction Today Review Is auction-today.com Scam or Should I Invest

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Auction Today Review: Is auction-today.com Scam or Should I Invest?

AuctionToday Review: Scam or legit investment platform? auction-today.com is offering enticing investment plans. Is auctiontoday legit? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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AUCTION-TODAY.com HYIP Review: Is Auction Today Paying?

Though this site might appear legit to a newbie, the truth is that it is just a wishy washy HYIP designed in such a way to convince unsuspecting investors. Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP?

It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there.

Sometimes these platforms might pose as an investment platform, doubler platform or even a mining platform. Often times they might run an ads through the google ads academy or even get a youtube ads making them look legit. But the truth is that they do not have the equipment that make them what they claim to be. Rather what they do is circle the funds of investors, and when they have made a lot of unsuspecting investors trust them, they stop paying.

How To Know a SCAM HYIP

It is true that most of this high yield investment platforms look like the real deal, thus confusing us.However, there are various ways to find out if an investment platform is a lackluster HYIP or if it a trusted investment platform. Below are ways you could find out-

  • ROI- The returns offered. Are they sustainable? Can the funds be shuffled round and get to every investor? are the offers realizable?
  • History- Does the platform have a history? Can the company behind it be found online?
  • Transaparent– How transparent is the information on the website?
  • Contact– Can you reach them? Is the address made available on the platform?

auction-today.com is not a sustainable investment platform. Don’t be deceived by their promises.

Conclusion-

Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. .On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Our Recommendation

They are lots of online investment opportunities which could fetch you money and give you a good Return On Investment. We constantly search them out to guide our readers so they don’t fall for scams. Always feel free to interact with us in the comment section.

Feds crack down on foreclosure scams

A home is advertised for sale at a foreclosure auction in Pasadena, Calif., in 2007. (Photo: Reed Saxon, AP)

Story Highlights

  • 54 people have been charged with bid-rigging at courthouse foreclosure auctions in the past 3 years
  • The majority of cases have been in California
  • Guilty parties are receiving jail time and being ordered to pay restitution

SAN FRANCISCO (AP) — At the height of the financial crisis, bargain hunters would gather each week on county courthouse steps to bid on foreclosed properties throughout Northern and Central California. The inventory lists were long, especially in hard-hit areas such as Sacramento and Stockton. But the auctions were generally short affairs — often because real estate speculators were illegally fixing the bidding process.

In the past three years, federal prosecutors have charged 54 people and two companies in three states for bid-rigging during courthouse auctions of foreclosed properties. Most cases originated in California, the state with the highest foreclosure rate during the financial crisis. Nearly identical rings were also broken up in Raleigh, N.C., and Mobile, Ala.

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Working in concert, the would-be buyers would appoint just one person to bid on each property on the auction block, thus securing the “winning” bid. Minutes after the official proceeding was over, they would then conduct an auction among themselves, often on the same courthouse steps.

That’s when a property’s true price would emerge. The conspirators would then divvy up the difference paid at the official auction and the private one.

Federal prosecutors say such schemes have operated for decades, once earning a few thousand dollars per property. But the explosion of foreclosures amid the country’s financial meltdown a few years ago upped illicit gains to millions of dollars. The scammers took money that otherwise would have gone to banks selling the foreclosed properties or beleaguered homeowners who should have been compensated.

The bidding investigations are being driven by a special task force established at the U.S. Department of Justice in the wake of the financial crisis to combat mortgage fraud. The probes aim to “stop those who engage in illegal conduct that thwarts the competitive process, and take advantage of American consumers when they are most vulnerable,” said Assistant Attorney General Bill Baer, head of DOJ’s antitrust division in Washington, D.C.

Prosecutors say the circle of conspirators gradually widened at each courthouse: First-time buyers would be brought into the conspiracy as an increasing number of speculators attended the auctions. Those not in on the schemes were often pressured not to return by verbal harassment and, in some cases, physical jostling.

In the last two years, more than 30 people have pleaded guilty to participating in a series of courthouse bid-rigging conspiracies in Northern California counties. Another 11 have been busted in Central California. Similar prosecutions have been carried out in Alabama, where eight people have pleaded guilty in Mobile in the last two years. Five others have pleaded guilty in North Carolina since 2020 to operating a bidding conspiracy around Raleigh.

For many now going to prison, this is their first brush with the law.

Father and son Robert and Jason Brannon were each sentenced to 20 months in prison this month in Mobile, Ala., after pleading guilty to participating in 17 rigged bids. The two opened a real estate investment company in 2003, after Robert Brannon sold a portion of the family farm. When they began attending auctions to acquire rental properties, they discovered that some speculators were rigging the bids and joined in the conspiracy, according to court documents.

In addition to the jail time, the Brannons were ordered to pay restitution of almost $22,000 each, their cut from the rigged auctions.

In April, real estate investor Mohammed Rezaian pleaded guilty to participating in similar scams in Northern California. He has agreed to cooperate in the prosecution of other perpetrators and pay a fine of $213,000. He also faces a little less than two years in prison when sentenced sometime next year. Neither he nor his lawyers returned phone calls.

Federal officials say they expect to charge a few more people in the coming months but that cases are expected to soon drop off now that the heated foreclosure market of late 2008 and 2009 has cooled.

Madeline Schnapp, an economist with PropertyRadar, a company that tracks foreclosures, said sales at auctions have fallen from a height of about 30,000 a month to about 5,000 a month in California as government programs and new laws have made it more difficult for banks to begin foreclosure proceedings.

“There’s not much of a supply now,” she said.

Paul Pfingst, a lawyer who represents another investor charged in participating in a Central California ring, says illegal temptation got the better of many speculators who couldn’t resist victimizing seemingly unsympathetic banks. His client, Andrew Katakis, is accused of participating along with four others in a $2.5 million conspiracy to rig bids in the Stockton area, which has led the nation in foreclosures.

“The amount of money and properties that were changing hands was staggering,” said Pfingst, who maintains his client’s innocence. “It caused many people to cross from legality to illegality.”

Top 70 Online Auction Sites – Updated For 2020

If you are looking for the most reputable online auction websites around the globe, you’ve come to the right place. I hereby present to you the 70 best online auction sites and bidding sites.

As you know, there is no shortage of high-quality online auction sites on the internet. But we decided to separate the wheat from the chaff and give you the absolute cream of the crop.

These online auction sites will give you the best value for your money because they are exclusive.

Note: These sites are listed in no particular order.

1. Charity Auctions Today

A perfect solution for all lovers of online charity auctions, Charity Auctions Today was developed and created by Tom Kelly in 2007 to cater to those who would like to take their charity auction to the next level.

Although the payment options are limited for buyers and sellers, the buyer safety, competition, reach and high traffic certainly outweighs the payment options by far.

With a state-of-the-art, cutting edge platform, Charity Auctions Today has been fully developed to provide a top-notch user friendly platform that will help you raise the maximum dollars with your auction.

Charity Auctions Today is one of the most reliable online charity auction platform with no performance fees on the money raised.

Additionally, Charity Auctions Today has hundreds of features that are easy to use and easily customizable.

Their platform can work with all devices, has a built-in credit card processor, and contains many social media tools to help you spread the word of your auction.

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2. 24Fundraiser

24Fundraiser provides top-notch fundraising software and services for nonprofits & schools.

A very reputable and trusted fundraising software provider that integrates unmatched state of the art features into their fundraising software such as;

  • Auctions – Online, Mobile, and Silent
  • Unlimited Donation Forms
  • Donation Campaigns/Pages
  • Event Setup Service
  • Event Tickets
  • Website Buttons
  • Donor Management
  • Donation Processing
  • Service Integration such as PayPal, AWeber, iContact etc

With over 4500 happy customers, 24Fundraiser is the largest fundraising software and services provider in the United States.

3. Online Auction

OnlineAuction.com, created and founded by Chris Fain, is a very simple marketplace with an easy-to-use platform where sellers and buyers connect. They have over $579,353,782.71 worth of auctions listed in their marketplace.

What makes OnlineAuction.com (OLA) unique and different from other online auction sites is its “auctions with no final value fees” policy.

This means that sellers have the ability to keep every penny of the final value of the closing auction.

One of the greatest pros of OLA is its easy-to-use listing form in conjunction with simple time-saving templates for listing multiple and similar items.

Another feature of OnlineAuction.com worthy of consideration is their No-bid snapping feature. This is really a great feature that helps sellers get the maximum bid for their products by extending the offer about 2 minutes if there is more than one bidder and the offer has reached its last minute of expiration.

So there is no last second “sniping” out with a winning bid. This especially peculiar to most online auction sites where a bidder would wait for the last second and outbids the other bidders to win the auction.

Auction Today Review: Is auction-today.com Scam or Should I Invest?

438 n frederick ave st 318

gaithersburg , MD 20877

Need to file a complaint? BBB is here to help. We’ll guide you through the process.

438 n frederick ave st 318

gaithersburg , MD 20877

Accreditation
This business is not BBB Accredited

Years in Business : 19

BBB Rating

Customer Reviews are not used in the calculation of BBB Rating

Customer Complaints Summary

5 total complaints in the last 3 years

of those, 4 complaints were closed in last 12 months

Complaint Type
Advertising/Sales 0
Billing/Collections 0
Delivery Issues 1
Guarantee/Warranty 0
Problem with a Product or Service 4
Totals 5

5 Complaints

  • All Complaints
  • Complaint Resolved
  • Complaint Answered
  • Complaint Unresolved
  • Complaint Unanswered
  • BBB Unable to Locate Business
  • Complaint Type – Delivery Issues
  • Complaint Type – Problems with Product/Service
  • Most Recent
  • Complaint Status
  • Complaint Type
Response

We received complaint id ******** yesterday and reviewed the customer’s account.

The offer that she received for a $300 credit was for a different event than the one that she participated in. However, due to a typo in the email that she received, this may not have been clearly communicated. For this reason, we have authorized the credit to be applied to her purchase of item # xxxx6756. A refund of $300.00 to the credit card used in the original purchase will be processed today.

Please do not hesitate to contact us if you need any other information.

Customer Response

[To assist us in bringing this matter to a close, you must give us a reason why you are rejecting the response. If no reason is received your complaint will be closed as Answered]

I am rejecting this response because:
I do not see any response from the business

Customer Response

Date: Tue, Jun 11, 2020 at 3:52 PM
Subject: Fw: Complaint ID ********
To: *******@mybbb.org

Dear BBB,
I filed a complaint ID ******** today online. I am happy to report that the complaint has now been resolved and I would like to cancel it. I called the company with whom I had the disagreement and told them I had filed the complaint. This seemed to break loose the log jam and the complaint has been satisfactorily rectified. Please cancel my complaint – no further action required.
Thank you,
**** *****

Response

Date: Fri, Jun 14, 2020 at 10:38 AM
Subject: Complaint ID ********
To: ***** ******

Regarding the above mentioned complaint.

Customer bid and won on Item #******** in auction ending 3/6/19. Received payment on 3/22/19 for $445.20 for a Princess Cut Diamond Engagement Ring.

Item was shipped on 3/29/19, as we ask for up to 10-business days to ship items after payment is received, as we have warehouses all over the country.

As you can see by the tracking information, this item was returned to sender stating it was “unclaimed” just yesterday 6/13/19.

In good faith, we refunded the customer in full on 6/5/19. Please see attached receipt.

Response

We are aware of *** *****’s, complaint on receiving a ring that was bid and won in auction ending May 8, 2020; Item #********, as follows:

Hammer: $301.00
Buyer’s Premium: $63.21
Shipping: $18.00
Total: $382.21

The item was shipped on May 29, 2020, and delivered on May 31, 2020, at 12:45pm.

As you can see from the attached photo (which was one of four that debuted this item), the filigree part of the ring holding the diamonds is white gold.

However, customer was not satisfied.

Customer was then offered $25 in auction credit to use towards a future auction win or we could issue a Return Authorization. Upon customers refusal of the auction credit, the RA was immediately emailed. Upon return of this item the customer would then be refunded in full back to original form of payment.

In addition, we would be willing to send her a return shipping label so that customer does not incur the return shipping fee.

Customer Response

I am rejecting this response because: As the attached email conversation as well as the copy of the original posting of the description from the site shows, this was clearly advertised as a WHITE GOLD piece. There was no mention whatsoever of any metal being Yellow Gold. Also, as stated, there have been pictures posted that do not show the true color of items due to the lighting/reflection/camera flash distorting them. Therefore I purchased this item based on the written description from the vendor which describes it as being White Gold. Upon attempting to contact the vendor within an hour of delivery of this item to make them aware of the error and try to come up with a resolution, I was basically told that I was wrong and treated rudely by their Customer Service. In no way was I asking for a full refund of the purchase price, Because I planned to keep this ring and pay the extra $200 to remedy this error on their part and make this wearable for me with my skin sensitivities. I asked if it would be possible to recoup a PORTION of the purchase price due to having to invest more money into the piece because it was not as describe in the sale. They offered a $25 site credit which was not acceptable for two reason, one is that $25 on a purchase that totaled almost $400 was not even close to being fair, and two because as I stated, I will not be ordering from this site again due to not being able to rely on or trust the product descriptions. They then offered for me to send the item back, however the RA they created and sent to me specifically stated that I would have to pay the return shipping cost AND pay to insure this item. thus costing me more out of pocket for an item that I would not have possession of any longer. So in essence even though they already had gotten almost $400 from me, now they wanted me to spend even more money in order to then receive a refund of what I had originally paid. So I would be spending money in order to receive a refund on an item that they advertised incorrectly, AND they would be getting that item back to resell, while I was simply out the extra that it would cost to ship it back and insure it. Now that BBB has gotten involved and the complaint has become public. they are willing to now incur the return shipping cost, yet I still see nothing about the cost of insuring the package. Had they been fair from the beginning and offered this option (where they were willing to pay the return shipping/insurance) I would have accepted this offer. However that is not the case and they had no intentions of actually being fair nor working with me on anything until this complaint was filed. That is poor Customer Service at its finest. This has caused me unnecessary stress and time to attempt to resolve their mistake in a fair manner. So at this point I am not willing to accept this offer from them. If necessary I will escalate this to small claims court. Thank you.

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