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Old 07-09-2007, 12:27 PM
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Default Mastro Auctions Being Investigated by the FBI

Posted By: peter chao

As an attorney, I look for the problems the FBI will have in gathering evidence. Somebody should tell the FBI that it will be near impossible for them to make their case.

The easy way would be for somebody to squeal. In other words, somebody who works at Mastro will testify that consignors were told they could bid.

Without this direct evidence it will be much more slippery. We are talking about obtaining records of past auctions. The problem will be these records may no longer exist. It may be easy to obtain a list of winners of past auctions.

However, we are talking about the shills, normally, the people shilling don't win the auctions. How is the FBI going to get a list of those that were second or third in the bidding. Also, you need to link the shills with Mastro. Neither parties have an interest in speaking with the FBI. So where is the beef?

Peter

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