MOCK AUCTION
A scam by which con artists work as a team to sell low-quality or bogus products to customers who believe they will be getting a good deal. In a mock auction, scam team members act to be very pleased customers. They will pretend as if they have gotten very high quality or value products for a bargain price. These con artists will entice real consumers to buy nothing more than an empty box or a broken item. After the transaction, they will pack up and leave as fast as they can before anyone can notice the fraudulent act.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
