Memory Lane sold cards they didn't have per SCD

[BeanTown]

Originally Posted by G1911

Any auction house that embraces the principle of hosting fake fraudulent auctions to deceive bidders should lose bidders, but of course they won't. Stuff dictates ethics and the complete lack thereof. Even if that means covering up a theft of consigners property from consigners, and hosting a fraudulent auction lying to all of their bidders. If someone was handling my property, and it was stolen, don't we think I have a right to know that? Well, we would in any other case but not this one because we have priorities here $$$$$$$$$$$. Any of us bothered by this have probably already made the decision to not do business with Memory Lane considering Cohen's conviction for fraud and resulting prison term (https://www.ftc.gov/news-events/news...ing-activities).

I think if consignors were notified ahead of time, it would have been a bigger issue. I’m curious as to the bidding patterns of the stolen items. Was a house account set up to bid and win back. From all my reading only a few people knew about the heist before the auction closed. Plus, how’s the investigation going on this, as it’s been a month now.

[Peter_Spaeth]

Who knew about it before the closing and where did you read that?

[BeanTown]

Originally Posted by Peter_Spaeth

Who knew about it before the closing and where did you read that?

Some ML employees and didn’t someone have to alert the police a 2 million dollar box is missing?

[Peter_Spaeth]

Originally Posted by BeanTown

Some ML employees and didn’t someone have to alert the police a 2 million dollar box is missing?

OK I thought you meant people outside ML, which I had not seen. I would presume when Joe showed up and the box was missing, he reported the theft.

[Johnny630]

[QUOTE=Peter_Spaeth;2434504]Who knew about it before the closing and where did you read that?[/QU

A couple dealers who were set up at the Strongsville show knew of the theft and advised me so...they were told several larger consignments where stolen from the show in their current auction. They did not advise which cards specifically were stolen... they knew stuff was stolen but they were not told which exact cards so it leads one to wonder.

[G1911]

Originally Posted by BeanTown

I think if consignors were notified ahead of time, it would have been a bigger issue. I’m curious as to the bidding patterns of the stolen items. Was a house account set up to bid and win back. From all my reading only a few people knew about the heist before the auction closed. Plus, how’s the investigation going on this, as it’s been a month now.

A 'bigger issue' in the sense that it might hurt the money train for some people?

I am hard pressed to think of any example where lying to everyone and cover ups are the right path to take. I cannot think of a single one.

But then again, I do not know if I am rich enough to have an opinion or not, so this approach of 'hey maybe honesty is good' may need to be redacted.