Medical Student Auctioning Off Virginity, Highest Bidder At $550,000

I'm not sure if this is a legitimate story. It's being reported by CBS in Las Vegas. Read it for yourself to decide if you think it's real or not. It does have a whiff of "scam" to it, especially the very last paragraph, which states...

According to her bidding rules, each bidder must come forward with a non-refundable sum of $100 through a PayPal account. If notified as the winner on May 7, that bidder is to wire-transfer the amount into a trust fund designated by “the Virgin” within 24 hours after the meeting, “provided that the Successful Bidder and the Virgin have had Sexual Intercourse,” reads the website. Bidders from Serbia, Japan, Australia, the UK and the U.S. have already placed successive bids of more than $100,000 each since Apr. 1.

She's collecting non-refundable cash from everyone that bids? Hmmmm. Why do I think this virgin's name is something like Kevin?