Mastro Auctions Being Investigated by the FBI

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Posted By: Bob

I think we should not be too quick to pull the trigger on Mastro. The FBI will investigate and it has been my experience that if an indictment results, they have the goods, but if not it will fade away. I echo the sentiments of a prior post that the feds (at least in this Circuit) rarely proceed in any case unless they believe they have an air tight case. While State prosecutors often file and even take cases to court which have holes and are shakey, the feds (again at least here) rarely do so. They are very slow to indict but when they do, they normally not only have pictures of the hand in the cookie jar, they have the jar and hand itself. If you don't have a legitimate 4th Amendment issue, you are generally scrod because they do their homework and are not sloppy.