[nolemmings]

That's one explanation Peter, but I'm not buying it here. At most you’ve explained the submitter’s motivation, but it doesn’t eliminate or even reduce the likelihood of the TPG involvement, which is why I stay suspicious.

PSA knows, or with an eye-blink's worth of investigation can learn that there are no graded tens of this 67 year old card depicting one of the most popular players collected. Now it comes to the grader in the course of his mundane, look at hundreds of cards for for a few seconds each day, and he says, hey neat, we got ourselves a 10. Strange that we only hand out that highest grade to about a 10th of one percent of the cards submitted from that set, but wow, somehow this card just pops. No need for extra scrutiny just because this is one of the keys to the set, and I live in a bubble so I have no idea what my grade might mean to the owner financially, so let's just slap a 10 on this bad boy.

Now of course it could be that several graders and even an upper mgmt type look at cards this valuable before they get slabbed, if only because of potential liability in the event of a mistake. In that case, they are not necessarily a knowing participant in fraud, just grossly incompetent. But I believe it is folly to dismiss their potential involvement just because you’ve concluded the submitter has money or cards to burn and would of course take the risk of eating a few thousand here and there.