Let's welcome Charlie Barokas to the Billion Dollar Fraud!

[Johnny630]

Johnny Unitas this broke my heart!!!

https://www.blowoutforums.com/showth...90614&page=254

Registry is False

Pop Report is False

MarketPlace is False and Highly Manipulated

[rats60]

Originally Posted by Johnny630

Johnny Unitas this broke my heart!!!

https://www.blowoutforums.com/showth...90614&page=254

Registry is False

Pop Report is False

MarketPlace is False and Highly Manipulated

This is the sad thing. A NM card is special. Now it is ruined.

[Johnny630]

Originally Posted by rats60

This is the sad thing. A NM card is special. Now it is ruined.

It will be cracked.....we are back to square one....a fake Opinion Giving Company Could Very Well Slab Again for Some New Favorite Invitational Customer

Registry is Fake

Pop Report is Fake

We know they need us more then we need them our volume has never been higher keep quiet the suckers aren’t going to stop sending us cards
It’s gold Jerry Gold

[Republicaninmass]

A billion is a thousand million. I think we are a little far from that.

Nothing like sensationalism

[trambo]

Originally Posted by Republicaninmass

A billion is a thousand million. I think we are a little far from that.

Nothing like sensationalism

No truer words have been spoken! Seems that the mantra of the OP is "billion dollar fraud."

Saying it hundreds of times doesn't make it so. Appreciate there's some big issues but i'd agree it's not a billion.

[perezfan]

Might not be a billion (yet).

But what’s been exposed is merely the tip of the iceberg. I wouldn’t be surprised if that number becomes fact after a couple more years.

[Republicaninmass]

Originally Posted by perezfan

Might not be a billion (yet).

But what’s been exposed is merely the tip of the iceberg. I wouldn’t be surprised if that number becomes fact after a couple more years.

Would you take the over/under it's a billion?

[Aquarian Sports Cards]

Originally Posted by rats60

This is the sad thing. A NM card is special. Now it is ruined.

An EX tobacco card used to be the prize of a collection.

[rats60]

Originally Posted by Aquarian Sports Cards

An EX tobacco card used to be the prize of a collection.

It still is over an 8 or 9 that you know has been altered to get in that slab.

[BeanTown]

Not to mention, how many times an altered card gets submitted for grading. With the quest for PSAs coveted blessing, the pop of graded cards is going through the roof!

[perezfan]

Regarding the term "Billion Dollar Fraud"... there is more to it than just the altered cards themselves. Sure the cards alone could exceed a billion some day, if only 1 - 2% of the fraud has been uncovered to date. It is very difficult to research and expose these cards, since eBay hides identities and thus protects criminals. So God only knows how many more have yet to be revealed.

That said, there are other factors that contribute to the $1 Billion number...

Massive cumulative Ebay fees taken in on the altered cards
Buyers and Sellers commissions received by auction houses
PSA fees for grading and continually re-grading altered cards

So the tangential beneficiaries in the scam are eBay, auction houses, dealers and especially the profit-based "turn a blind eye" TPGs. All of these beneficiaries are in addition to the owners of these tainted cards. With all of this related "income" factored in, I am confident it will eventually exceed the Billion Dollar mark.

That is, unless the FBI can put a stop to it, make the appropriate arrests, and shut down the guilty parties. Since the bulk of collectors don't seen to even know or care, Law Enforcement seems to be our only hope to stop short of the Billion.

[Republicaninmass]

Dont forget PSA and their "inner circle" of passing these cards.


Cu has a market cap of 10 billion.

A 10 billion dollar fraud, say it with me now....

[Johnny630]

Originally Posted by perezfan

Regarding the term "Billion Dollar Fraud"... there is more to it than just the altered cards themselves. Sure the cards alone could exceed a billion some day, if only 1 - 2% of the fraud has been uncovered to date. It is very difficult to research and expose these cards, since eBay hides identities and thus protects criminals. So God only knows how many more have yet to be revealed.

That said, there are other factors that contribute to the $1 Billion number...

Massive cumulative Ebay fees taken in on the altered cards
Buyers and Sellers commissions received by auction houses
PSA fees for grading and continually re-grading altered cards

So the tangential beneficiaries in the scam are eBay, auction houses, dealers and especially the profit-based "turn a blind eye" TPGs. All of these beneficiaries are in addition to the owners of these tainted cards. With all of this related "income" factored in, I am confident it will eventually exceed the Billion Dollar mark.

That is, unless the FBI can put a stop to it, make the appropriate arrests, and shut down the guilty parties. Since the bulk of collectors don't seen to even know or care, Law Enforcement seems to be our only hope to stop short of the Billion.

Agee Mark with all of this PLUS since the end of 2013 I can’t explain these stupid numbers by certain auctions I would Say Manipulation Of Sales....how many were allegedly shilled and or not paid for and re listed ??

[Phil68]

Originally Posted by Johnny630

Johnny Unitas this broke my heart!!!

https://www.blowoutforums.com/showth...90614&page=254

Registry is False

Pop Report is False

MarketPlace is False and Highly Manipulated

With you, Johnny. The Unitas was a gorgeous card just as it was. SMDH

[Phil68]

This whole thing saddens me. Charlie is a photo fanatic, like myself. Spectacular collector. SUCH a nice guy.
Integrity is a very simple thing; it really is. Compromising it becomes a habit for some people, I guess. I don't want to believe this but the evidence is certainly strong. This is the first time this thing has really sunk in. Damned shame.