Mastro Judge Strikes Down Plea Agreement

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FORMER HOBBY-KINGPIN BILL MASTRO SET TO PLEAD GUILTY IN CHICAGO FEDERAL COURT TODAY

As widely reported back in January hobby big Bill Mastro is set to appear today before a Federal Judge in an Illinois Court to plead guilty to at least one count of fraud brought against him in a 33-page Federal indictment that was unsealed back in August of 2012.

Mastro’s defense attorney, Michael Monico, did not return calls for comment regarding the hearing in which his client is expected to cooperate with the government as part of a deal he cut with Federal prosecutors Nancy Podesta and Steven Grimes. Mastro is expected to appear before Judge Ronald A. Guzman who replaced Judge Suzanne B. Conlon back in January.

Via Twitter the New York Daily News reports from the courtroom that Judge Guzman “nixes Bill Mastro plea deal, rips prosecutors for not requiring ex-memorabilia king to cooperate against other defendants.” Based on the plea deal prosecutors agreed to, Mastro would have only served 30 months in prison.