BidFun This company is Scammers. They are totally Dodgy and take all your money and you get nothing! Internet

I came across this website called Bidfun.  I believed I had to purchase credits which entitled me to bid and believed I would be able to purchase items from it.  This is so NOT the case!  I spent $ 50 and got absolutely nothing for it.  It allowed me to bid on items only to be constantly outbid even when the auction had ended.  It continously adds on 20 seconds after every bid and will only end when anyone else on the internet either has enough or goes to bed !!!!  I was absolutely furious that for my $ 50 I came away with jack all and can't believe a company is allowed to trade in this way.  This most definately needs to be investigated further as I believe they are total rip off artists and I can only hold out hope that when they are done for fraud, we will be re imbursed our precious dollars.  Each time a bid is placed it only adds $0.02 on to the total and each bid costs you a dollar.  Some items were selling for $250.  That means that bidfun will have made approximately $ 12500 purely on bids made (if my calculations are correct) PLUS the cost of whatever the item is.  This is absolutely ludicrous and I cannot believe this can happen.  I was very naive and uneducated on how exactly this was going to play out when I purchased my $ 50 of credits but now I want everyone to know the truth and this company needs to be shut down immeditaely.  They must be making millions off of people and majority of us bidders actually walk away with nothing at all.