[Archive]

Posted By: Peck

Barry is 100% right. A group formed to go after one or more lots in an auction with the intent to resell to members of the "pool" is against Federal Law and the punishment is prison time. The Federal Government busted Antique Dealers in Pennsylvania for pooling a few years back and it was well reported in the Maine Antiques Digest and other antiques trade papers. I remember some of the first threads I read here as a lurker were people looking for others to join them in spliting up auction lots. I thought these guys are crazy. That's a Federal offense that could draw prison time and they are right out in the open with it.