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Originally Posted by Tyruscobb
Does anyone know the Marx Cards backstory? Where did all the money go? If you receive $1M to submit cards on others’ behalf, how hard is it to earmark the funds and place them into a separate account?
Heck - all Marx Cards had to do was place the $1M into an interest-bearing account and leave it alone, until it was time to pay PSA, and it would’ve made free money off other people’s grading fee money. A 1% interest account would’ve netted Marx Cards $10,000.00 in free interest money.
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That would have been the smart prudent move for sure.
What he prob did was like like a king for a year off his submitters money, kinda like a pyramid scheme, he was on top. So sad I feel terrible for the victims of his con job.