This is really unfortunate for the customers of ZaneyBid.com and for all other penny auction sites. ZaneyBid definitely gives penny auctions a bad name.
I am going to add ZaneyBid.com to my list of CLOSED SITES. http://bidpenny.blogspot.com/p/closed-sites.html
You can read more at Penny Auction Watch's forum: http://www.pennyauctionwat