Since they began back in 1995, Internet auction sites have become one of, if not the, hottest phenomenon on the Web.

And today, the popularity of these sites is growing faster than ever before due to a new wave of sites that auction off brand name products at deep discounts; offering their members cheap electronics and other items at up to 80% to 90% off their regular retail price

In effect, these online auction sites allow members from around the world to save significantly on brand-name products (including collectibles, cheap electronics and much more) with a few simple clicks of their mouse. But is joining one or more these websites that auction off brand name products right for you? Are there any risks involved? According to the Federal Trade Commission, auction fraud