Fake Discounts: Spanish Consumer Ministry fines 7 online retailers over Black Friday pricing fraud
Spainβs Ministry of Consumer Affairs has fined seven e-commerce companies for manipulating prices ahead of Black Friday. The scheme: prices were first raised, then brought back down to their original level β creating the illusion of a discount. The total fines amount to around β¬350,000.
π Inspections were carried out using the EU's Price Reduction Tool, which will continue to be used going forward.
π Under the law, the "pre-discount price" must reflect the lowest price within the previous 30 days, not an artificially inflated one.
Three companies admitted to the violation and paid a reduced fine. The others denied wrongdoing β and now face higher penalties.
π A new investigation for the 2024 Black Friday season is already underway.