I had been told by sr members of the forum I shouldn’t post, because it will just attract more attention to the thread and negative comments from haters. However, after seeing this post I need to address it
The statement below is an outright lie.
You can simply look at the autograph section of this forum and find old threads about counterfeit score board COAs being produced in the MILLIONS after they went bankrupt. Score board itself had the athletes under contract and sold authentic autographs. Tony posada from ‘my favorite players’ ( the guy who was arrested at the national in for selling fakes ) and others counterfeited COAs and sold them with fake auto items. People coming into the hobby in late 1990s and after buy an item with a fake COA, see my name or my late fathers who died in 1994 and was on COAs prior to me..have it fail jsa or PSA and think SB sold a fake auto.
Tons of threads to confirm this , or you can go ask steve grad for example, or Tim Fitzsimmons retired FBI agent and author of ‘operation bullpen’ to confirm this . Just stop spreading this lie .
https://live.autographmagazine.com/p...seller-vintara
https://www.sportscollectorsdaily.co...ke-autographs/
https://www.reddit.com/r/Autographs/...c_i_know_they/
https://twitter.com/steve_grad/statu...BBKjazqS5vyT_g
http://thejuniorjunkie.blogspot.com/...board-inc.html
With respect to redemptions, as has been previously addressed on this and other forums, that was a decision made by the bankruptcy court. I negotiated a $5.4 million cash payment to allow a phone company (frontier communications) to buy SB out of a phone card deal, in addition they forgive over $1 million in accounts receivables. This was a massive cash windfall for score board. As you can see by the Bloomberg article from 1997, the company was profitable at the time, profit in q3, AND going to report a MASSIVE profit in Q4 as a result of the deal in excess of $5.5 million. Instead of using the money to fund the company and purchase product , the company which at that time was controlled by TL ventures ( a division of then Public company safeguard scientific) Did not want to write down their investment and used the money to reduce long-term debt so that the company can remain listed on the NASDAQ which did no good for the company except maintain a nasdaq listing. Since it remained on Nasdaq they did not have to write down their debt….however, as the debentures were not coming due until 5 years later (2002) there was no sound business reason to do this deal and the cash should have been used to fund day to day operations. ] I was outraged and resigned effective immediately. After I resigned what happened was exactly what I expected to happen when they made a stupid decision, the company ran out of cash and declared bankruptcy. The bankruptcy court decided instead of filling redemptions that redemption holders were unsecured creditors and the product was sold to pay secured creditors. Again, this is 100% confirmed by facts you can read in link below and elsewhere. Just tired of seeing the same old comments by people who search bloggers and forum posters on the internet posting years later with no idea of the facts.
Note in the article my resignation was a ‘shock’
https://www.bloomberg.com/press-rele...ntier-agree-to
https://www.bizjournals.com/philadel...26/story5.html
For those of you who took the time to read this and actually go to the links and see 100% of what I stated is factual and not based on internet I appreciate you doing so.
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Quote:
Originally Posted by Republicaninmass
These people giving Ken Goldin a pass personally need their head examined.. TRY LOOKING HIM UP FOR CHRIST SAKE.
The scoreboard ROBBED countless grandmothers years back with fake signed items during the last boom, then filed bankruptcy
From google. ""No other individual has done so much to screw over so many in this hobby. Ken Goldin was the man in charge at the now defunct Score Board, Inc. Many believe Ken Goldin pushed out countless product with autograph redemptions that he knew he wouldn't have to honor once Score Board, Inc. filed for bankruptcy. He left collector's holding now worthless redemption vouchers for the very same product he now often sells on Shop At Home for severely inflated amounts. "
History may not repeat itself, but it sure does rhyme
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