Got a response from Google yesterday.
This was in response to me sending them a report of 10 clicks made in the span of 10 minutes from 3AM to 4AM, all 2 minutes apart, from webhost IPs (softlayer etc).
They said they weren't fraudulent.
I am absolutely convinced now that Google Adwords is basically a losing battle whereby it just cannot last. In every industry there is all you have to do is have one bad apple clicking the competitors, which probably already does happen, and people are paying through the nose.
The ONLY party that benefits, overall, is Google.
I hope advertisers catch on. This is clear proof that Google Adwords is a total sham. Again, read the descriptor above - 10 clicks, 2 minutes apart, in a time slot where I get maybe one click every 3 days, from DATACENTER IPs, and Google took 3 days to investigate and determined they were legitimate.
Already know the competitor's IP, banned it, does not matter. Such methods are easy to circumvent. It's not our job to do this anyways. We're paying through the nose for clicks, Google is selling them. It's their job to protect their product.
Nuff said. Assume as a Google Adwords advertiser you are paying at least a 30% premium, maybe more, maybe less, for every single click that converts, and that premium is silently lining Google's pockets at your and the customer's expense.
I mean, really, how easy is it to run through a competitor's bank if all you have to do is run proxies through new IPs, clear your cache and cookies, and go in and click over and over. This method of circumventing tracking has been around forever, and Google still wants to make money off it.
As far as I am concerned, this isolated incident which has been thoroughly investigated by Google Adwords is absolute proof that their system is completely broken, and they spin press in the opposite direction precisely for this reason.