Mock Auction

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Mock Auction

A con in which a gang sells low quality merchandise in an auction setting at a high price. Mock auctions usually involve gang members pretending to buy items and acting as if they are satisfied. This encourages real customers to spend too much for inferior products.
References in periodicals archive ?
Once the practice and mock auctions are complete, the FCCwill begin the actual bidding in the assignment phase.
The chairman of Westminster Council's environment committee, Jonathan Lord, was at the forefront of the fight against mock auctions.
Sean Swan, 53, boss of mock auction company Bradforce Trading, which sold shoppers sackfuls of rubbish, has been fined pounds 2,500 for his heartless swindles.
Christie's in New York also conducts mock auctions to teach people how to bid and keep it under control.
WASHINGTON -- Nodal Exchange, the first independent electronic commodities exchange for forward locational electric power trading, announced today that it completed successful mock auctions for potential participants of the exchange.
A July 15 FCC notice confirmed the start of the auction for 10am ET on Tuesday, following practice and mock auctions that commenced yesterday (August 11).
Fast-talking salesmen are making up to pounds 11,000 a week by convincing unsuspecting customers to pay hundreds of pounds in mock auctions held in the city centre.
During his time in politics the father of two supported a Bill to stop fraud during mock auctions, using his experience as a property auctioneer and chartered surveyor.
Three weeks ago, we lifted the lid on the "merchants of menace" who rip off the public during mock auctions after promising top brand-name goods at rediculous knock-down prices.
WASHINGTON -- Nodal Exchange, the first independent electronic commodities exchange for forward locational electric power trading, announced today that it intends to conduct mock auctions for potential participants of the exchange.
Fast-talking salesmen are making up to pounds 11,000 a week convincing customers to pay hundreds of pounds in mock auctions held in the city centre.
JULY 22: Sorted team expose the scandal of mock auctions