Memory Lane sold cards they didn't have per SCD

[Leon]

Originally Posted by G1911

Yes, it is one way to value it - a convenient way for consignors perhaps, but required a fraudulent auction that appears to even be illegal in CA and lying to thousands of people. No even half-way professional insurance company is going to advise doing this - they may accept those values but there is no realistic chance any legitimate insurer demanded, told, or advised to do this.


Since Memory Lane is promising an options on a contingency if they turn up, it appears there is actually a high chance there is no insurance here whatsoever. The insurance company owns recovered goods if they have paid on them, in pretty much any policy covering stolen goods. Memory Lane cannot promise these options deals to bidders if there is an insurance claim paid - the cards would become the property of the insurance company to sell or do with as they please (definitely sell somehow). Perhaps the options are just another lie, but I am surprised the ML fans have tried to go so far with the insurance claims that just makes no sense at all - this is probably the worst route to try and justify it.

You make so many assumptions you should write a novel....
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