According to Mastro's lawyers:
In addition to the relatively small average
pecuniary impact, Bill’s offense conduct touched a very small percentage of the auction house’s
total business: approximately 1% of the total lots sold by Mastro Auctions over 13 years, and a
fraction of its customer base. Bill’s misconduct, though it extended over a period of years, was
not systematic or, as numerous witnesses attest, characteristic of his business practice.
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