Whistleblower Reward Sheds Light on Fake Bids in Online Car Auctions
DOJ says Eblock, after acquiring Company A, and Company B employees conspired from 2020–2022 to suppress competition on a used-car online platform by sharing bidding data, fixing maximum bids, and deploying software to place shill bids under real dealerships, inflating prices; a whistleblower earned $1 million; Eblock agreed to a deferred prosecution with a $3.28 million fine and a compliance program.
