Memory Lane sold cards they didn't have per SCD

[BeanTown]

Couple things that haven’t been mentioned yet. This could be the second largest theft behind the Met Museum theft, which took place over decades.

Very sad for Memory Lane, and all customers involved both as buyers and sellers.

If FedEx was used to ship the cards, what service did ML use? Overnight and 2 day air service only uses FEDEx employees and are ten times more secure. Ground service is outsourced and not all FEDEx employees are involved which makes a lot more riskier. Yes, I know the package was delivered to the hotel, but my point here is did ML take reasonable responsibility in shipping the box worth 2 million dollars and maybe there could be a percentage of fault going on here. When I read the packaged arrived early, how come it wasn’t timed to be delivered on the same day arrival by ML employees?

Another example would be if ML shipped the package directly to the show venue, a restaurant or even a friends house, would that change the scenario for responsibility?

I have no issue with the business decision ML made to run the auction and I’m pretty sure the insurance company, law enforcement and counsel all rendered their opinions and ML made the final call on how to proceed.

I would like to see the list of all items that were stolen by the scumbag perp(s) as items could start showing up on eBay, pawn shops, and even newspapers (if folks still sell cards in the want ads). I hope all the smaller card shops in the area are on high alert for items that were stolen.

I’m curious as to how the bidding played out, on all the ghost lots since insurance hopefully was involved. How many folks actually knew what was going on, or knew they were ghost lots.

As a buyer, many times I sell or consign items to pay for another auction winnings. So, this does effect folks as mentioned earlier about tapping 401ks or something along those lines.

Lastly, if insurance is paid out and the perps are found and court is done. The insurance company owns the cards, and they would do what with them? Offer back to ML for what the payout was? Use another auction company to recoup what they could from the payout? If this was the case… I hope we would all be posted as to when and where the auction was. I know many times I see some treasures found from the US marshals and other agencies and I wished I would have known about the sale.

I’ve read many great posts on this thread, it’s all speculation as we likely don’t know half the facts. As of now, I think Memory Lane, consigners, and buyers are all victims and I hope ML was prepared for the unthinkable to happen. Hopefully the hobby will be able to recoup everything stolen, and my hunch is over time that will occur. These cards do leave finger prints, as each one is unique.