You probably seen the TV ad for quibids.com with the attractive female telling you that you can buy an I-Pad 2 for less than $30.00 dollars right? Are you one of the flock who actually believed that pitch? If so, you might want to read this interview with the CEO:
http://www.pennyauctionwatch.com/2010/01/interview-reviews-quibid-penny-auction/

Believe me! I, a hottie would never lie!
This part is hilarious:
Penny Auctions can sometimes get a bad reputation, due to the fact that some employ bot bidding scripts and shill bid. What do you have to say about those who say “QuiBids is a scam” or “Penny Auctions are scams?”
QuiBids.com: I feel that anytime a consumer potentially spends money and gets nothing in return, (other than the experience of competing for prizes), you are going to have those who say it’s a scam. Given the model of penny auctions, there are many companies that run these sites only to make money. These companies do not put an emphasis on building long lasting, valuable relationships with their customers. At QuiBids, we didn’t want to just be another penny auction site that cycles through new customers in order to make the model work. In order to make this happen, we’ve dedicated ourselves to giving out the most wins of any penny auction website, as well as making it easy to win. Because we do this, and do it quite effectively, anybody that uses our site for a few hours and watches auctions will clearly see we aren’t a scam.