It appears that after the investigation, the team at wavee have agreed to go out of business and remain out of business.
It looks like running a scam penny auction site is not such a good idea! Wavee has agreed to at least a quarter million in restitution, penalties and fines.
We do not know if wavee was a scam or not and we are not implying that they were. According CBS, Ga state officials said they were operating illegaly because they were not registered with the Georgia Auctioneers Commission.
If you are looking for an alternative penny auction site than wavee, try your luck at Bidcactus.com with a current bidcactus promo code or take a look around at our choice penny auction sites on our home page!