ED Magedson – Founder
MADBID.COMWWW.MADBID.COM Internet United Kingdom
I came across madbid.com through a friend and watched it for a few days then gave it a try, I bought 2000 worth of bids thinking that this would be a fool proof way of winning the top prizes.
After using every single bid, and winning only one auction (of 25 madbids) I decided to look into this even further.
I went to the office address given on there help page and pretended to be a passerby when a member of staff came out for lunch at the local sandwich bar, we got talking and the oriental lady even told me that no prizes were actually ever won as all of the wining bidders were staff.
She told me it appeared all above board and not to tell anyone otherwise she would be in a great deal of trouble, and that her Indian supervisor would sack her in an instant, I told her that i didnt even have a computer so would be interested anyway.
So beware, dont fall for this addictive site.
If you have been conned by these people, please add you name to what I feel may be a very long list indeed.
This report was posted on Ripoff Report on 09/14/2009 10:53 AM and is a permanent record located here: http://www.ripoffreport.com/reports/madbidcom/internet/madbidcom-ukmadbidcom-pennyauctions-penny-auctions-staff-are-winning-all-prizes-surrey-494594. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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