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CB Online Scams Review of CrazyBid
CrazyBid

CrazyBid review: Website Scam 41

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Author of the review
9:25 pm EDT
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.
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This website places desirable products and services for its members to "bid" for.
On first glance, the prices at which previous winning bids have secured for items seems ridiculously cheap.
Hence you will be tempted to purchase bids from them once your free bids from joining are used up.

BEWARE OF THIS SCAM!

There is no notice what the minimum bid price is that they are looking for, or even if there is an existing one.

So when the last few seconds of the bid arrives, and you place what you think is your winning bid, THE TIMER RESTARTS AGAIN!

This is a complete scam, it tricks you into buying more bids!

I've wasted $10 trying to bid for the Apple Ipad. There is no indication when the timing of the bid will end. It was supposed to have closed yesterday evening. It is still going on now! Go to the website and observe the last minute of the item's closing bid.

There is also a function called BidKaki on their site that bids automatically for you if you have to leave your computer.
Again, another scam tool!

Resolved

The complaint has been investigated and resolved to the customer’s satisfaction.

41 comments
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Ploi
, SG
Mar 01, 2012 5:20 am EST
Verified customer This comment was posted by a verified customer. Learn more

Take note of www.pennyauction.com.sg.

They claim that only Singapore residents can take part in the auctions, but if you go to www.pennyauction.com.my, you will find a mirror site with the exact same content, except that the currency used is ringgit. If an item is sold at SGD$100 in Singapore, it only costs $100 ringgit across the causeway. Not to mention that the pool of bidders is actually much, much more.

The Malaysia site also stated that only Malaysia residents can take part in the auctions.

This is gross misrepresentation.

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Supergranny
, SG
Jan 18, 2012 10:51 am EST
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You should report this to the police or CID or the authorities...and let them look into this. It will be for the good of everyone including the criminals. Meanwhile, I won't waste my time on any site of this sort started in Singapore, not even Ebay Singapore. I usually prefer Ebay.com or Ebay UK, the trusted sites for bids and purchases. Singaporean online businesses are still far behind in many ways, so follow your instincts and go to the trusted ones to put your heart and mind at rest. Be sure to report this, otherwise, many will continue to fall victim to this sort of scam.

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needstothink
, SG
Jan 17, 2012 10:09 am EST

yes, i regret not having read up about this.
i bought 50 credits from sold.sg and then "won" another 50 credits for $31.
So total paid about $70.
Whenever it looks like the auction is ending, there will suddenly be a slew of autobids, and always together at the same time.
tell me which crazy person will bid $17 for something worth $18 and still have to pay the credits to bid? each credit is $0.75.

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unluckly
, SG
Jun 24, 2011 3:15 am EDT

Agreed same to me, I had start the crazybid a month ago and lose about 1k there is alway somone autobidder will competiors with u for the item .Never never stated the game or u will regrate.

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yamroll
, SG
Jun 11, 2011 8:33 pm EDT

I think I want to add another site.

www.sgauction.com.sg (SCAM)

i was really tempted by the site as many users have won items at really low values. I bought 888 bid points which is equivalent to SGD248(there was a 20% promotion). I tried bidding for a few items and only lose but not winning any single thing. I find it really fishy and reading the reviews here i think the site is really a scam. I was browsing through the list of closed auctions and realise that there are duplicated users winning different items. I have also seen that a few users (those who always bid many times but lost), I guess these are REAL users. Everytime i tried to bid for something, there's ALWAYS a autobidder. No matter how many times I bid, the bidder NEVER gives up. And when I decided to give up, the winner wins instantly.

Imagine this scenario, you're bidding for a PS3 game vigorously with another two auto-bidder, and it's your 100th bid. there was another auction going on, a SONY VAIO laptop, yet there was no other competitors, just a autobidder and me trying out a few bids. In the end the winner won it with 6 bids and just $0.14. Even the lousiest item i seen in closed auction was just 1 bid win, I could nv bid and win it, there is always this auto-bidder with no avatar and extremely suspicious name.

I'm very upset that i lost 235 dollars coz of my naiveness, and that I cant do anything as it was voluntary and non-refundable. The best thing I could do is just to warn potential users of the site, to NOT buy any credits and lose money.

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Bidder82
, SG
May 09, 2011 8:22 am EDT

gleebid is a scam too. I once added a bid buddy to stop bidding at $80 with 300 bids. The next morning I woke up, I saw my account still left with 150 bids and the item was won at $60+. I calculcated and only used 100+ bids on that item before it stopped bidding.

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battledome64
, SG
Apr 30, 2011 5:56 am EDT

i agree i got scammed too. i hope the authorities take action on this

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Observer34
, SG
Mar 07, 2011 8:34 am EST

Hi, actually I tried the Gleebid and I'm surprised that there are many "regular" bidds there. Example, for 100 tokens bids, there is this bidder "Hazard" which bids for more than 2 hours. Each hours, 90 tokens will be used, which translate 180-200 tokens to bid for 100 tokens? Sound very fishy. Likewise, there this incident where for Samsung Galaxy, some bidders can auto bid more than 18 hours, translating to 1620 tokens equivalent to $700+. There are more of these like 500 NUTC vounchers where this bidder bidded more than $600++ for a $500 vounchers? Don't forget they still need to pay the winning amount. LOL.

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dhanashekar
, IN
Feb 28, 2011 9:48 am EST

There are certain sites where autobidding is not there such as bids10.com but taking into context i found something good in the site.

Only registered bidders are sent mails on the closure date.
we have seen that autobidders are not there .
there is a mail every week on the auctions going on and there is a conclusion on how the auction gets completed by 25 times after the timer ends i.e. when the time ends 15 secs are added for any bidder in the last 15 sec, this happens only 25 times and then the last person to bid wins.
i dont suppose you can get this logic in any other sites.

i was checking this site for any complaints against bids10.com but didnt find any . they are local in india and my friend was delivered the price which i saw, also you judge it .

regards

Dhanashekar

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junkyarddog
, US
Feb 07, 2011 9:59 pm EST

This Penny Auction Watch site is Major scam(pennyauctionwatch.com). Also known as "PAW".

PAW is a front for these dishonest penny auction owners to make their sites look legit. Penny Auction Owners plant positive experiences on here(Complaints Board) and on the Penny Auction Watch forums(PAW) to bait people into playing and buying bid packs. Buying bid packs to bid on items? What a joke and scam!

Go to Flippa[dot]com and search "penny auctions for sale"

There you can see how these operates by the use of controlled bots on autobid to scam any real people into buying more and more bid packs until the reserve price has at least been met for that item that's bid on. They aren't in the business to LOSE money and will never ACTUALLY sell an item below value. If not enough real people are bidding on a particular item for a while, they will end the auction to a bot name. They will then list the bots name in the "Auction History" section to make it look as if REAL people actually win and auction is honest+fair.

You can buy your own Penny Auction from Flippa.com and start scamming also. So easy to do.

Also. Google, "penny auction website script" and see how these scams operate. The scripts are cheap to buy.
To build up traffic to your scam penny auction you must plant positive experiences on forums such as PAW(PAW is a front). You must also dispute ANY negativity or complaints on forums such as this.
For EX, tell the angry complainer that he must be crazy, use stupid bidding techniques and unlucky because you win all the time and just won a 52inch Plasma for 2 bucks. People WILL start believing you if you plant enough fake postitive experiences/reviews. JUST make sure to use different names each time you fake post. If you use same name over and over again telling everyone you win all the time, people will begin to catch on and realize it's just a fake post planted by the Penny Site operator/owner.

They cheat you and make a killing from people like you that bought into it. Some will even go as far as to advertise on social networking sites such as "FACEBOOK" and write stories of winning items for $4 and so on to get people to join the site.
I call it their, "Fake Social Environment" where they ask and answer their own questions attempting to be perceived as an honest and fair auction. For EX they will say, "I just won 12 Lap Tops for $40 and they all arrived today in factory sealed boxes! I love this site!"

Anyone can do this... so easy to make money. MAKE sure that the server that hosts your scam auction is located outside of the USA so you can get around federal gambling regulated laws. If heat gets to much, then shut scam auction down and create a new one. Repeat process.

Happy scammin'!

I tried to post that on PAW(pennyauctionwatch[.]com) to warn good honest people BUT they wouldn't allow it to post.. I wonder why? ;)

So i'll just post away on websites such as this.

You use to could post on PAW right away but now they have a Moderator that must approve your post first.. I wonder why that is? ;)

I think we ALL know why that is :)

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david1998
, SG
Jan 03, 2011 2:47 pm EST

There is of course some truth in what most people are saying in this forum. But to dismiss all sites as scams is not fair, nor correct. If a site (such as sharkybids) sale prices (i.e. cost of bids + final price) are almost always well under what the item should cost, that site is almost certainly a scam. There are however other sites (such as sold.sg) which appear genuine. I myself have won many items - iPhone, iPad, PS3, speakers, Nespresso machines etc at very reasonable prices (but nor ridiculously low prices). Overall at this site, I have been in the money. On others however, almost every auction has ended - after an ongoing battle- just a few minutes after I have stopped or even gone for a smoke. Clearly these sites are scams. I have even won on Crazybids- a site that at first I had almost given up on as a scam.

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puyah
, MY
Dec 26, 2010 5:34 pm EST
Verified customer This comment was posted by a verified customer. Learn more

A few days ago I registered at Gleebid (http://www.gleebid.my/) and bought RM30.00 of bids.
I was biding at item Samsung S2 on 320GB Retail Price RM 115.00 26 Dec 2010 09:00 pm.
When it started at 09:00 pm the starting price is about RM 1.20. Every bid its increase RM 0.02.
Every bid its cost you RM 1.00. Before I go futher, I want to ask you, if you want to bid the item that
cost about RM 100.00, have you spent RM 100.00 or more than RM 100.00 for it? Impossible isn't it.
But this happened at Gleebid, the winner of this game was arowana88. He was won this item at RM 6.54.
I was calculated this arowana88 was bidding for more than 150 bids ( RM150.00 for item RM115.00).
Very funny.

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mmddddd
, SG
Dec 23, 2010 1:21 pm EST

The site is a scam, the authorities need to follow the bids . You will see that a same person keeps bidding and increasing the price, why would a normal person want an increase in their own bid price?
Request the site to refund moneies collected through such a fraud

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mmnjj
, SG
Dec 15, 2010 12:34 pm EST

Please advise a complaint site for the government to check on the crooked practices
They should be made to refund the money to all customers who they have earned money from
This site is a hoax
Just observe how the bids works, and it is artifically being played out by the owners

Please ask the government to look into their practices

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Supergranny
, SG
Nov 07, 2010 2:27 am EST
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Why is it the law has not caught up with these scumballs? Cheating, conning, manipulating, scam...etc is against the law. So why are they still operating?

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solder
, SG
Nov 02, 2010 10:29 am EDT

www.sold.sg

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Antiscammer88
, SG
Oct 04, 2010 10:30 am EDT

I think pennyauction.com.sg deserved to be investigated as well.

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XCautiousX
, SG
Sep 22, 2010 1:00 am EDT

To the CEO of CrazyBid, please stop your ###. If you are genuine, then why is your site using the PHPPennyAuction script? That script proudly advertises itself as having an autobot to cheat people.

Here you go...

PHPPennyAuction.com promotes the use of bot bidders:

“ ** The ‘minimum price’ allows you to guarantee that the auction will not close before the minimum price is set.By allowing autobidders to bid on the auction, autobidders will automatically bid on the auction. Use the ‘Autobid Limit’ to set the maximum number of autobids which will be placed simulaniously before the auction closes. If the limit is met, an autobidder will win the auction. Set this to 0 to not use this feature. Please note, every time an auto bid is placed, the minimum price will extend by the bid increase amount to ensure that you no not undersell the product.”-

This is from the PHPPennyAuction.com Admin Console .

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CrazyBid.sgSucks
, SG
Sep 18, 2010 9:44 pm EDT

Yes, all new users beware.
I hope the Singapore authority will look into this "penny auction" industry in Singapore real soon..
Just read all the above posts:

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I so agree with Nautical, pretty sure Crazybids.sg is a scam bidding site. There are just too many same person winning and they are not sticking to their rules of 6 wins a month.

Besides the mentioned TuTiTiTu, TiTiTuTu, TuTiTuTi, TiTuTiTu, G0DMuzBeCRAZY(alphabet O), GoDMuzBeCRAZY(number 0).. are names that definitely belonged to the same person or a syndicate. The owners could argue that they are different people employing tactics to deter others from joining their bidding, but if you take a closer observation, they never once bid against each other..

They used bots to bring in genuine people to pay their bids to them and end the auction by 'winning' the items back themselves. They never had to even purchase the items in the first place.

It just takes sometime to analyze and watch the site to understand how these scammers run it...

Don't be fooled by greed just because they are 'cheap'! It a gamble of your money anyway.

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The 'rules' they put down like machiam for show...like maximum 6 wins per household. Look at GodMuzBeCrazy in CrazyBid, win at least 7 or 8 times in CB website! No audit, just suck ur $$$$! Beware tis SCAM!

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Every bid amount of $0.50 increase the bid value by $0.02.
So every $0.10 increase in bid value will cost $2.50.
And every $1.00 increase in bid value will cost $25.

Now apply this to an ACTUAL ONLINE BID at GLEEBID.COM.SG as we speak now.

(1) 32GB 3g WIFI IPAD at $1499 retail price

Current bid value @$189 and still going as at 1305 hrs on 15AUG2010.
Equates to $4, 725 (189 X $25) already received by the owner.
So less away their own fictitious bidders and cost of IPAD ($1499), I reckon the owner could easily rack in $2k NET PROFIT at the expenses of many genuine bidders whom will not win the bid.

In a nutshell, the more popular an item with numerous bidders, the higher the profit margin for the owners.

I hope I did not analysis right and I truly hope many people out there do not get yourself into this.

This is an un-ethical way to make money. Pls judge for yourself. Good Day.

Btw, I reckon at least 70% of those winners (Tititutu, SadBidder, Jasmine, t3rr132, najib7, etc) are all GHOST BIDDERS created by the owner.

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Hmm...i've also spent some money but realised the winnings are manipulated.
If you guys realised the trends of the winners, its either:

1. The high bidders - refers to wall of fame
2. The 'usual' bidders - check out the winning id (different names, could be the same person behind aka fake accounts)

Do you ever QUESTION this:

1. Why the ppl using the Bidkakis has SO MUCH CREDITS? you can easily spot some...bidding for even 1 whole day
2. What is the reason of bidding if you have so much money? Can't you BUY it elsewhere?
3. Why the bid kakis does not display the remaining number of bids? they probably have 1 million of bid counter to fight with your MISERABLE $500 bids...THINK ABOUT IT :)
4. The history of the bids are always a PORTION, very easy to find out who are the fake bid kakis aka manipulators...lol

To the website owners:

1. Show full history - if we are talking about transparency
2. Get the owners to post pictures with the winning prize - this can be included in your T&C - simple right?
3. Minimize the total number of bids each month since it seems like there's a few PROMINENT PLAYERS/MANIPULATORS

thanks.

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CrazyBid.Sg
, SG
Sep 12, 2010 9:22 am EDT

I am the CEO of Crazybid.sg. I had noted that there is a healthy discussion of our website in this forum. I wish to state categorically that we have a sound business model and we are not a scam. Our business and engagement rules are clearly spelt out on our website. We are a responsible business.

We have more than 10, 000 Members and we respect and honour the bids and wins by Members. There is a good reason why Members keep coming back to our website. We are genuine and we are honourable.

As part of our corporate governance process, we are in the midst of appointing an independent auditor to evaluate our business. The complete audit report will be available on our website in due course. We welcome you to peruse the report. We welcome any genuine feedback.

Best Regards,
Chua Aik Boon
CEO
A’mour International Pte Ltd

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JBL0202
, SG
Sep 02, 2010 7:39 pm EDT

JustABidder

What is the FACEBOOK group that you have created to expose these websites?

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JustABidder
, SG
Aug 31, 2010 12:32 pm EDT

Yes, there is no transparency here and no 3rd party audit/verification on the website system or server etc. I have lost few hundreds as I wanted to try to "look into" their system and "investigate" and sure enough, I found out something fishy and seriously suspect foul play. There are tons of suspicious bidding transactions when I play, as I play only for "cheap" and "not so popular" stuff and in midnite too. And can you imagine in the middle of midnite (3-5 am) bidding for some lousy and cheap stuff, against only 1 "bidder", after 5 - 6 hrs of marathon bidding (I use bid-kaki). You can see that when you bid, there is always only one "bidder" against you using "bid-kaki", and these so called solo "bidders" will change hands and bid against you. And when I decided to stop and pause and see what happens after I stop my bidding after 6-7 hrs of bidding, and in the middle of the nite 4-5 am, guess what? Within less than 5 mins, the auction stops and 1 winner is decared. LOL.. What a coincidence. I questioned the owner but he/she just say "no refund".. I have write to the NEW PAPER but seems no effect.. :(

I seriously urge the Singapore authority to look in this business model and more regulation needed, just like the real estate industry (see how the government has act and a regulatory board is setup to oversee the industry. Thus I feel that this "auction" industry needs to be regulated too before many people lose their hard earned money.

Anyway, I am not sure how to raise this awareness, maybe more people needed to express their experiences on this site, or maybe not many people play and lose money? I have started a few threads on forums, and seems that not much discussion too. So, based on what the website says, mentioning that they have over 60k views and 20-30K visitors, I wonder where are all the users? Or are they just pure "fake bidders"? Anyone who knows a little about internet marketing, will knows how and where to buy traffic, and how to get "60k" traffic stats.. I can easily get a site to receive 100k views per month too :)

My threads here, feel free to drop your experiences and thoughts on this. Please also join the facebook group and raise awareness. If the site is genuine, this is "Good Marketing" for them.. LOL..

http://forums.sgclub.com/singapore/crazybid_sg_real_293240.html
http://forums.hardwarezone.com.sg/showthread.php?t=2881618
http://forums.vr-zone.com/chit-chatting/810404-crazybid-sg-real-bargains-fraud.html

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AntiScam88
, SG
Aug 31, 2010 7:52 am EDT

The 'rules' they put down like machiam for show...like maximum 6 wins per household. Look at GodMuzBeCrazy in CrazyBid, win at least 7 or 8 times in CB website! No audit, just suck ur $$$$! Beware tis SCAM!

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GGGLC
, SG
Aug 28, 2010 11:49 pm EDT

Hmm...i've also spent some money but realised the winnings are manipulated.
If you guys realised the trends of the winners, its either:

1. The high bidders - refers to wall of fame
2. The 'usual' bidders - check out the winning id (different names, could be the same person behind aka fake accounts)

Do you ever QUESTION this:

1. Why the ppl using the Bidkakis has SO MUCH CREDITS? you can easily spot some...bidding for even 1 whole day
2. What is the reason of bidding if you have so much money? Can't you BUY it elsewhere?
3. Why the bid kakis does not display the remaining number of bids? they probably have 1 million of bid counter to fight with your MISERABLE $500 bids...THINK ABOUT IT :)
4. The history of the bids are always a PORTION, very easy to find out who are the fake bid kakis aka manipulators...lol

To the website owners:

1. Show full history - if we are talking about transparency
2. Get the owners to post pictures with the winning prize - this can be included in your T&C - simple right?
3. Minimize the total number of bids each month since it seems like there's a few PROMINENT PLAYERS/MANIPULATORS

thanks.

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Crazeebidder
, SG
Aug 27, 2010 8:10 am EDT

Haha...there are only 2 kinds of pple tat bids.

1) losers - thinking that they can win something for nothing! There
is no free lunch on earth. Websites like this had scripts/bots built-in
to autobid until breakeven price. Google penny auctions autobid script and
u know what I mean.

2) crazy pple - get a life! U will end up losing ur hardearned money! The
winners could jolly well be a NON-human - Website autobidder!

Either way, you are SCREWED!

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Mambox2121
, SG
Aug 27, 2010 5:44 am EDT

I had scrutinized the following websites in great details

Gleedbid
Crazybids
Lavishbids

and found that there are numerous Bidders that were always bidding BUT never seem to win anything. It's simple to draw the conclusion that such websites are proned to manupilation and if consumers choose to bid, they will be wasting their precious money as the website owners cannot 'Close' the auctions until they breakeven at the very least.

It's quite sad as cheating are not exposed or audited. Hopefully the relevant authorities can take some actions to protect gullible consumers.

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bidsme
, SG
Aug 22, 2010 9:42 am EDT

Gleebid.com
Lavishbids.com.sg

The above 2 are newer and seems much easier to win items, if there is no Rigging...haa

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NotABidder
, SG
Aug 20, 2010 3:42 am EDT

Isn't lottery type of business only controlled by SingaporePools? This is like lottery and furthermore, no one knows or verified all the bidding transactions/history, all bidders accounts (whether genuine or fake) etc.. Authorities? I think no one cares here, as no much complaints so far. Either not many people have lose lots of money yet, or they simply lose and forgot (like playing 4D) LOL..

Anyway, I won't believed in these sites, as they all operated "under radar", their websites are not audited and verified by 3rd party. Skeptical or not, unless there are regulated and audited..

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Gakjiao22
, SG
Aug 18, 2010 12:06 pm EDT

I think REGULATIONS must be passed or else cheatings by auto-bots will occur and many suckers will lose their blood-sweat-money.

Anyone know which authorities to go to?

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Gakjiao22
, SG
Aug 18, 2010 12:03 pm EDT

Well...this type of gaming/bidding/whatever-you-call-it is akin to Toto/lottery. The 2 sole winners are 1) The website owner 2) The person that win the auction (provided it is a REAL person and not a auto-bidding Bot programmed by the website).

So imho, this kind of website is like gambling and should be regulated, otherwise cheating will definitely happen.

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Nautical
, SG
Aug 18, 2010 12:12 am EDT
Verified customer This comment was posted by a verified customer. Learn more

Hi NoGravity,

Glad to connect with someone whom share the same thought.

(A) I just realised that little girl (Beanzrule) in Crazybid resembles that girl (angela8039) in Gleebid. (see eye areas)

(B) And that Flashlight in Crazybid resembles that Vincentlaw with a cap in youtube testimonial in Gleebid. (see mouth area)

If the hunch is right, it may be a father, mother and daughter team. Pitied that little girl.

I do believe that several winners are genuine bidders and had won and received the item. But it is at the expense of many victims out there.

I think the business is trying to go legitimate by honoring real bidders with items won and have them took some pictures to showcase testimonials. But the fact remains that these owners had already reap off a good profit from many other victims. In short, its still an un-ethical business model.

Having registered a Pte Ltd does not mean anything. This business may not even tie to their declared business activities. Let alone a company can be formed as a dormant entity throughout its lifespan so long as it declares so. Many questionable doubts. Anyway, these perpetrators would resort to everything to cover their tracks and make it seemingly innocent and truthful to the public.

Well, I would hope some authority or regulations in place to audit the integrity of such nature in Singapore and not let these un-ethical character get away with it.

Cheers!

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ansach
, SG
Aug 17, 2010 11:18 pm EDT

hi everyone,

i know friends who play on the bidding sites in singapore and hk and have actually won stuff on those sites (and have paid less overall for those items) .. so let me summarize the paid-bidding auction scene in singapore..

paid auction site is made popular by swoopo.com in the states about 4 years back and the trend has spawned many similar websites around the world..

people play this for many reasons, most going there just to 'land' a bargain, some for the experience, some to build a reputation and a notoriety, some to pass time in those wee hours of the night where there is nothing else to do, some play it as a game, and as some of these sites have buy it now.. some use it for shopping..

the popular sites for singaporeans is as follows..

gleebid, crazybid, lavishbids, etc are all local sites in singapore
bidhere, sharkybids are international auction sites which seems to be local
jingobid is a popular HK/Singapore site that delivers in both countries

out of all those sites, only the international sites are not recommended as bidder is competing against more people. i only know of people who have won on gleebid, jingobid, lavishbids and jingobids. if you should try you should stick to a local site as there is less competition also more reliable.

most of the auctions on these sites are not as straight forward as you think. the auctions have bids back, buy it now (available at gleebid where you can buy the item with your lost bids), and some have competition to win free bids or a combination. so you have to understand all of these 'promotions' or 'specials' will affect demand.. and consequently the amount of competition you will be facing.

there are many people who is prone to be sceptics but as long as you have not tried it or won anything on it, you won't believe it. my suggestion is to try bidding for some of these less popular (or those really poorly chosen) products that ends in SGD1 - 3 range and see if you can win. if it's something you believe no one else wants and the item ends up to be SGD300! then you have every right to label the site as a scam! Also, if you look carefully, most of the auctions would result in losses for these operators.. at the same time, a few of the auctions would result in most of their profits! lol

just like anything in life, don't get involved if you do not understand the risks/reward and rules of the game. there is nothing more pathetic than a loser moaning his misfortune which is caused by his own actions in the first place! don't moan and blame others when you put in and lose SGD10 for an ipad when you see 5 other bidders pursuing the item! lol

on the whole, i say to those who are not going to get involved, why bother! those who intend to play, read up and analyse the sites! those who are already playing, play smart and share your experiences with others! there is bound to be a few bad eggs in the basket.. but to dismiss all of such sites as a scam is being ignorant to say the least. common sense tells me that any sustainable business cannot be based on a scam. remember some of them have a pte ltd in singapore which also means they are subject to gov't audit. also remember, you can always write in to them or complain to the authorities if you feel you've been wronged in anyway.

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NoGravity
, SG
Aug 16, 2010 10:28 am EDT

Hi All,

I so agree with Nautical, pretty sure Crazybids.sg is a scam bidding site. There are just too many same person winning and they are not sticking to their rules of 6 wins a month.

Besides the mentioned TuTiTiTu, TiTiTuTu, TuTiTuTi, TiTuTiTu, G0DMuzBeCRAZY(alphabet O), GoDMuzBeCRAZY(number 0).. are names that definitely belonged to the same person or a syndicate. The owners could argue that they are different people employing tactics to deter others from joining their bidding, but if you take a closer observation, they never once bid against each other..

They used bots to bring in genuine people to pay their bids to them and end the auction by 'winning' the items back themselves. They never had to even purchase the items in the first place.

It just takes sometime to analyze and watch the site to understand how these scammers run it...

Don't be fooled by greed just because they are 'cheap'! It a gamble of your money anyway.

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Nautical
, SG
Aug 15, 2010 12:39 am EDT
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Dear All,

2 websites currently active in penny auctions. Some information that anyone out there may want to check it out.

(1) www.gleebid.com.sg
Registered address in Sengkang residental address.

(2) www.crazybids.sg
Registered address in Bt Batok area.

REAL OR SCAM ----- U decide

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Nautical
, SG
Aug 15, 2010 12:19 am EDT
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Plain Scam at work. SURE WIN business model for web owner at the expense of many bidder whom is going to pay a price for it. They can manipulate the outcome. If a particular auction is going to close with insufficient bidders/interests to even cover the cost of the item, the administrator can use a fictitious/bot/ghost account to win the bids.

No one will ever know the winner except the owner. In the event of a "real" winner, the owner can simply purchase the physical goods and have it delivered to the real winner. Anyway, the owner would have profited several hundreds to thousands of dollars net after deducting the cost from that item. So they are "right" in a sense to advocate the point that they are "GENUINE" business.

They are no regulation and audit. But some simple maths/figures may prove that this business is too good not to be missed. Especially by people with no conscience.

Every bid amount of $0.50 increase the bid value by $0.02.
So every $0.10 increase in bid value will cost $2.50.
And every $1.00 increase in bid value will cost $25.

Now apply this to an ACTUAL ONLINE BID at GLEEBID.COM.SG as we speak now.

(1) 32GB 3g WIFI IPAD at $1499 retail price

Current bid value @$189 and still going as at 1305 hrs on 15AUG2010.
Equates to $4, 725 (189 X $25) already received by the owner.
So less away their own fictitious bidders and cost of IPAD ($1499), I reckon the owner could easily rack in $2k NET PROFIT at the expenses of many genuine bidders whom will not win the bid.

In a nutshell, the more popular an item with numerous bidders, the higher the profit margin for the owners.

I hope I did not analysis right and I truly hope many people out there do not get yourself into this.

This is an un-ethical way to make money. Pls judge for yourself. Good Day.

Btw, I reckon at least 70% of those winners (Tititutu, SadBidder, Jasmine, t3rr132, najib7, etc) are all GHOST BIDDERS created by the owner.

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Johnnykoo21
, SG
Jun 26, 2010 10:10 am EDT

I think cheating can be easy for such sites. All the owner need to do is to programme a auto-bidder or sit in front and auto-bid himself to keep bidding up and u will NEVER win until he collected enough $$$.

So I won't want to throw my hardearned money onto this site. The chance of winning is quite low to risk my money and waste my time.

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Johnnykoo21
, SG
Jun 26, 2010 9:16 am EDT

Only 2 winners,

1) the website owner
2) the person that win the bidding

The rest are just suckers...:)

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cooltricks
Miami Beach, US
Jun 25, 2010 9:49 am EDT

Such a SCAM and these ppl here posting are from the company... Pathetic! NO one get's an ipad for 5 bucks anyway. Are you nuts?

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steve.chiong
, SG
Jun 14, 2010 10:52 pm EDT

Does this site even works? Or its just a place for people to vent their frustrations? I mean what do were you expecting to happen by posting here? I'm so sorry to hear that you parted with your $10 in hope to win a iPad cheap. But as in any investments, you ought to do your homework before pumping in your capital. I can't be blaming the lottery if I didn't strike right?

As for redress.me, don't place too much hope on it. It seems to be taking upon itself to help many people air their grievances at it's site. For whatever reasons, I'm not sure. It seems to be running a charity online that its' source of income for redressing and rewarding people for speaking up and volunteers for helping out is unknown.

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Peter.Low
, SG
Jun 12, 2010 12:51 am EDT

Hi IamSunshine,
I am also a fellow bidder on CrazyBid and your complaint made me laughed. Don't blame the system but yourself for losing $10 to something which you didn't do research and understand on. My advice: Look before you jump. Don't jump already, then blame the whole world for making you jump.

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