It's probably good to report it anyways. Although he does have past sales...maybe it's with his/her own brother and then they just give back the money afterwards.
Possibly, but you would still get raped by fees. Esp final value fees. You would be better off selling sticks of gum for .01 I would bet.
I still don't get it? Why in the world would anyone bid on that product worth $500 knowing that there are already bids way over that amount? That just does not make any sense... Can anyone really be that stupid? Even more so what kind of moron would post up a fake bid that high over its actual value? Obviously somebody out there has no idea how the scam is really suppoed to work. If anyone is idiodic enough to add a bid to that auction they deserve to be taken.