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

[buymycards]

Originally Posted by swarmee

My personal guess is that between 10-20% of PSA graded cards are altered without detection. Looks like David Thorn and Evan Mathis were able to trim uncut sheets and get them slabbed by PSA as originally cut in the 1960s/70s. Again, some of these card doctors have been slabbing a 1000+ cards a year for 10 years each. 10x10x1,000 = 100,000 cards just from these guys. And we're not even talking about all the bleaching, erasures, pressing, etc that isn't as detectable from images without before and after pictures.

Again, it's not like all these card alterers were only submitting five cards at a time. Often, the submissions are 100 cards long with only 3 being outed as trimmed. If you want to believe that the other 97% are clean until given visible evidence, you can. I don't live in Fantasyland.

PSA claims to have slabbed 30 million cards. If 5% of these are altered, that is 1.5 million altered cards. That would be $667 per card to equal one billion dollars. And that is not counting problem cards and auto's from SGC, Beckett, GAI, etc. This could easily go over the 1 Billion mark.