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$42000 fine for online car scam

The director of an online car dealing company which placed thousands of bids on its own auctions didn't know the behaviour was illegal, his lawyer says. The Auto Co was yesterday fined $42,000 for 13 charges laid by the Commerce Commission under the Fair Trading Act. The company pleaded guilty to the charges - which related to "shill bidding" on $1 reserve Trade Me auctions over a year - at its ...

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