GrabSwag.com
Complaint 8092 Details
- Date Occurred: 07/25/2013
- Reported Damages: $99.00
- !
The complaint is against an online dating profile
The complaint is a listing fraud posted on public forums or sites against an anonymous entity
The complaint is mobile text spam or smishing related against an anonymous entity
The company or person contact no longer exists
International boundaries
Not paying attention, I followed a "news article" from Facebook to GrabSwag.com. Looked too good to be true, so thought I'd "try it for free" and was immediately charged $99 to my account. Too embarrassed to report my stupidity, I thought I may as well play a little bit.
A TOTAL SCAM!!!
You may bid on items as often as you like. But each bid costs $0.75. Your initial $99 bought you 132 bids, plus any "free" bids they offered you to "try out" with. I was offered 50. So I started with 182 "bids". Nothing free so far.
Each item starts at $0.00 and goes up one penny with each "bid". When the clock gets below 15 sec, every new bid restarts the clock with 15 more sec. Only a few items that are actually worth anything (ipod, citizen watch, etc) actually fall in the final bidding war stage (15 sec to go) at any time, with maybe a couple dozen or so items in the backlog to actually bid on. To make it "easier" they give you a "bid assistant" which will throw away up to 20 bids for you. Your brain thinks 20 bids = 20 cents. But 20 bids is actually $15.
All the rest of the items you can bid on are either packages of more bids or gift cards you get at your local grocery store gift card rack.
How much does GrabSwag/NexTown make? Here's an example from a recently "won" item - a $25 gift card to OutBack Steak house: https://www.grabswag.com/auction/86195827
"Won" for $2.83 with a delivery charge of $1.95. So, less than 5 bucks for a 25 dollar gift card. A deal, right? Wrong! The bidder probably bid at least 20 times - at $0.75 a bid, that's $15, plus the $5 for the winning bid plus delivery, or about 20 bucks for a 25 dollar card. That's not counting the countless bids the winner threw away in other "auctions", at $0.75 each before winning this supposed "deal". Also, that $2.83 "winning bid" at $0.75 per bid made GrabSwag/NexTown a whopping $187.25 after subtracting the cost of the gift card!!!
It gets even better - counting $0.75 for each bid:
$3.67 for a Norelco razor = $275 in bids
$16.48 for a Kindle = $1,236 in bids!
$97.34 for an Apple iPad = $7,300 in bids!
No - DO NOT FALL for THIS SCAM!!!
And, YES! Lets start a class action suit, get them shut down, report them to the FTC, FBI, etc.
Comments
- Stephanie SBID #N/A
- Posted 08/01/2013
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Hey Mike,
Read below, the news article is being published on the internet by IMM Interactive/COPEAC, owned by a veteran online scam artist Mike Krongel, I bet you the " news site " you went through is from this company, such a shame, read below for their info.
I did some investigating into grabswag after being ripped off by these cronies and i found out who was behind this scam. GrabSwag.com, is a scam, partnered with a company called IMM Interactive/Copeac which is owned by Mike Krongel, which is a scam affiliate network that sends consumers to these sites via fake news articles and gets paid for it. If you click on one of the fake news sites that they are running below, and in internet explorer use webpage privacy, you will see emediatrack.com, on the privacy, which is owend by IMM Interactive/Copeac ( This is how I found out who was behind it). IMM Interactive and Mike Krongel has duped consumers out of millions of dollars says the FTC, by running fake news sites, like the one linked below, and they are currently being sued by the FTC, for false advertising and deceptive marketing practices, for using fake news websites like the one linked below. Here is a link to the lawsuit: http://www.ftc.gov/os/caselist/1023232/index.shtm
The FTC is trying to stop them but apparently can't. Lets get these people shut down!!! Report GrabSwag and IMM Interactive/Copeac, to the FTC, Attorney Generals, BBB, IC3, FBI and lets get a class action lawsuit going against both of these companies scambook!!!
Here is one of their fake news sites they are behind, which if you do webpage privacy in internet explorer on the grabswag page, you will see " emediatrack.com" which links you straight to Copeac/IMM Interactive: http://www.consumerinfonews.com/deals-of-the-century/index4.html
UPDATE HERE IS THE NEW FAKE WEBSITE IMM Interactive / MIKE KRONGEL IS USING TO LURE CONSUMERS TO THIS SCAM:
http://www.daily-lifestyles.com/?p=0002&s=3275
Here is a link to the IMM website and the grabswag site that says free, yet charges you $99 : http://www.imminteractive.com
GrabSwag: https://signup.grabswag.co?m/index_v2.php
The contact information I have is:
Mike Krongel
IMM Interactive/Copeac
135 Crossways Park Drive
Woodbury NY, 11797
Phone: 631-719-1250 x 3121
emediatrack.com -
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Company Statistics
- Complaint Against GrabSwag.com
- Complaints Filed: 250
- Reported Damages: $24,605.18
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