Mastro pleads guilty

[Peter_Spaeth]

it will be interesting to see how David Hall spins this one if it comes to pass.

Mastro will apparently acknowledge at the February hearing that he altered the world's most valuable trading card, a Honus Wagner T206 that has fetched millions of dollars in a series of high-profile transactions, including a 1991 sale for $451,000 to NHL legend Wayne Gretzky and former Los Angeles Kings owner Bruce McNall.


Read more: http://www.nydailynews.com/sports/i-...#ixzz2DfQSu4Qn

[WhenItWasAHobby]

Originally Posted by Peter_Spaeth

it will be interesting to see how David Hall spins this one if it comes to pass.

Mastro will apparently acknowledge at the February hearing that he altered the world's most valuable trading card, a Honus Wagner T206 that has fetched millions of dollars in a series of high-profile transactions, including a 1991 sale for $451,000 to NHL legend Wayne Gretzky and former Los Angeles Kings owner Bruce McNall.


Read more: http://www.nydailynews.com/sports/i-...#ixzz2DfQSu4Qn

Speaking of David Hall and the Wagner, CU stock hasn't been doing too well lately.

http://finance.yahoo.com/echarts?s=C...rce=undefined;

[Peter_Spaeth]

And from our own hobby crusader.

"Just when I thought Bill Mastro could not be a more brazen and unrepentant criminal, he's now going to victims of his fraud asking for letters to be read at his sentencing," says New York attorney Jeff Lichtman, a longtime vintage card collector.
"He's claiming that he was indicted due to people with axes to grind. He's delusional."

Read more: http://www.nydailynews.com/sports/i-...#ixzz2DfWxTsVh

[WhenItWasAHobby]

Originally Posted by Peter_Spaeth

And from our own hobby crusader.

"Just when I thought Bill Mastro could not be a more brazen and unrepentant criminal, he's now going to victims of his fraud asking for letters to be read at his sentencing," says New York attorney Jeff Lichtman, a longtime vintage card collector.
"He's claiming that he was indicted due to people with axes to grind. He's delusional."

Read more: http://www.nydailynews.com/sports/i-...#ixzz2DfWxTsVh

Mastro is just asking for three credit references and three PSA Authorized Dealer references so that he can become a PSA Authorized Dealer in February 2018. See link below for full details:

http://www.psacard.com/about/faq.chtml#faqid71

[three25hits]

Who would've thought that Wagner was trimmed?

[Jacklitsch]

Originally Posted by three25hits

Who would've thought that Wagner was trimmed?

I'm shocked!

[ruth-gehrig]

A rat goes to prison

[botn]

Originally Posted by WhenItWasAHobby

Mastro is just asking for three credit references and three PSA Authorized Dealer references so that he can become a PSA Authorized Dealer in February 2018. See link below for full details:

http://www.psacard.com/about/faq.chtml#faqid71

I am sure PSA would bend the rules like they did for JP Cohen of Memory Lane.

[buymycards]

So, will PSA be indicted as being a part of this fraud?

The options are:

1. They were in cahoots with Mastro.

2. They looked the other way.

3. They are incompetent and can't detect a trimmed card. Even a T206 Wagner.

Not very good choices.

Rick

[Peter_Spaeth]

Mastro was long since out of the card when PSA graded it, having sold it in 1987 to Jim Copeland. Although I have heard rumors he was involved with the grading. Agreed they don't seem to have many good options, but another one is just to play ostrich. Or I suppose they could question Mastro's credibility, and suggest he is "admitting" to trimming the card only to avoid more serious charges and more jail time.

[Runscott]

Originally Posted by buymycards

So, will PSA be indicted as being a part of this fraud?

The options are:

1. They were in cahoots with Mastro.

2. They looked the other way.

3. They are incompetent and can't detect a trimmed card. Even a T206 Wagner.

Not very good choices.

Rick

Rick, wasn't PSA created expressly for the purpose of grading the trimmed Wagner?