Quote:
Originally Posted by pherbener
The current system is fraught with opportunities for abuse and fraud.
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I have thought about this a lot over the past couple years. Of course, I am not saying it happens, nor do I know their internal submission/grading SOP well enough to know how hard it would be to execute. However, in theory, a few graders in cahoots with a few submitters could make 6, even 7 figure profits by buying and bumping 8s to 9s, 9s to 10s, etc. At those higher levels, the increase in value is nearly exponential. Doubt there's anyway a TPG could ever compensate its graders well enough to offset the temptation of potential monies earned through a scam like this.
I'd hope their chain of custody on any submissions (regardless of the submitters) is totally anonymous and that any card that receives a 10 would need to pass inspection by several graders, thus making this scam more difficult to execute.