How gullible are you - VroomLive

Talk about a tax on people who are bad at math! VroomLive is the ultimate in this arena! I was recently joining some additional social sites when I came across a link on one of them for something called VroomLive. It was represented as a way to make money online and save on things I purchase. When I checked it out, I found some incredible information on the How it Works page.

The way you purchase things on VroomLive is by buying Vrooms. Each Vroom costs $1.00. Each Vroom you use removes $.25 from the price of the item. The person who gets the item is the one who Vrooms it to zero dollars. Does anyone else see the reason this should be illegal?

This is basically an auction where every bid costs you a dollar, whether you get the item or not. In the final analysis, the item costs four times as much as its listed price. This will happen with every last item sold on VroomLive according to this page. The reason nobody has complained so far I think is that nobody ends up paying the whole price for an item. I'd be screaming bloody murder if I had to pay anything for an item I did not receive. That's not the way an auction works, Vroom staff!

The FTC needs to look into this now. According to a local auctioneer I talked to about this, it seems fishy to him, especially when he heard that people would be paying for each bid they make whether they win the item or not. There just doesn't seem to be any way this can be legal. I've never heard of charging people to bid. Auctions are supposed to be a way for the seller to get more value out of items due to the competition. A buyer can get some good bargains provided they are shrewd and don't tip their hand. Everybody has fun but nobody gets anything for nothing and nobody pays anything for nothing either!

Let me know what you think!