Quote:
Originally Posted by jchcollins
I'll pose another question simply out of ignorance, but has this type of problem (the alteration fraud being made worse with TPG's complicit...) ever occurred before in professional grading with stamps or coins? I don't know much about them, but the American Philatelic Society has a pretty lofty reputation. In an organization like that, is it simply because collectors / historians have a louder voice than dealers and those purely in it with the main goal of driving prices higher?
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The Philatelic foundation had a problem in the early 80's where one of their computer operators took payments to issue certificates for altered stamps that had been rejected by experts as altered, but he changed the opinion to genuine.
The main person doing the altering was brazen enough to have a vanity plate that read "Stamp MD"
A bunch of firings, criminal charges etc followed by a lot of hard work restored peoples confidence in them.
https://www.chicagotribune.com/news/...069-story.html