Maestro pleads guilty, faces 2 1/2 years in prison

[calvindog]

Originally Posted by Leon

And I am told the current owner of the card is still very happy with it.

I'm guessing he's be a bit happier if the card was actually an 8 and not hacked with a blade.

[Leon]

Originally Posted by calvindog

I'm guessing he's be a bit happier if the card was actually an 8 and not hacked with a blade.

I am sure he would.

[oldjudge]

Jeff--is there still the chance of civil suits against Mastro Auctions or Legendary Auctions by shilled bidders? This ruling does not eliminate that possibility does it?

[calvindog]

Only the statute of limitations would prevent such lawsuits. I believe that is 5 years in Illinois.

[atx840]

[AndyG09]

Well played, Chris!

[hcv123]

Originally Posted by atx840

That is fantastic!

[Kenny Cole]

I don't know, but would assume, that Illinois law is similar to that of most jurisdictions and that the discovery rule tolls the statute of limitations until the fraud is or reasonably could have been discovered. If so, I think there's a decent argument that the statute of limitations on any fraud claim against Mastro has only recently began to run.

[Peter_Spaeth]

Originally Posted by Kenny Cole

I don't know, but would assume, that Illinois law is similar to that of most jurisdictions and that the discovery rule tolls the statute of limitations until the fraud is or reasonably could have been discovered. If so, I think there's a decent argument that the statute of limitations on any fraud claim against Mastro has only recently began to run.

According to Jeff it was obvious Mastro was shilling years and years ago.

[Kenny Cole]

Yeah, but gee, the shiller adamantly denied it. There's your question of fact on the statute. Who you gonna believe?

[jcmtiger]

I would not be surprised if more auction houses are caught up in this type of behavior. Even the auction houses everybody loves on this site. As more time passes, problems will probably surface. To much money in this hobby for it not to happen.

Joe

[Rob D.]

Originally Posted by calvindog

Only the statute of limitations would prevent such lawsuits. I believe that is 5 years in Illinois.

I think you mean statue of limitations.

[ls7plus]

Originally Posted by calvindog

Only the statute of limitations would prevent such lawsuits. I believe that is 5 years in Illinois.

The statute of limitations might also be tolled, if the defendant actively concealed the cause of action from the knowledge of the plaintiff.

Larry