Quote:
Originally Posted by WhenItWasAHobby
I've been away for the past week - so sorry joining in late.
My two cents is that there was likely a wide scale scheme to defraud for quite a long period of time in various capacities. The most egregious was knowingly selling fake memorabilia - such as the phony Elvis hair or the 1869 Redlegs baseball. Next, and nearly as egregious was selling doctored cards. And yes there was the shill bidding - which is fraud.
To me, the selling of the fake and doctored items is the fraud that keeps on giving since those items will at some point and time will be or have been re-sold and this is the stuff that needs to be sought out and removed and the buyers need to be compensated. I'm not trying to minimize shill bidding, but it's obviously next to impossible to prove if all or most of the evidence has been destroyed and the damages amount to just some percentage of the item purchased (typically 10% to 30%).
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It seems we have a reasonable sense of the extent of the shill bidding from the Mastro plea agreement, but no information if the card altering bombshell in the Allen plea agreement was a one off thing (I doubt it) or just the tip of the iceberg and part of a regular practice.
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Last edited by Peter_Spaeth; 07-05-2015 at 12:45 PM.
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