# FTC Cautions Consumers on the Pitfalls of Penny Auctions
> **FTC consumer-protection** · 2011-08-01
## Release
- **Title:** FTC Cautions Consumers on the Pitfalls of Penny Auctions
- **Date:** 2011-08-01
- **Category:** consumer-protection
## Source
- [FTC press release](https://www.ftc.gov/news-events/news/press-releases/2011/08/ftc-cautions-consumers-pitfalls-penny-auctions)
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