Class action suit filed against PSA, PWCC and Probstein

[SAllen2556]

The sports collectibles industry is one that requires no education or licensure to participate, has no regulation, has no governing body to oversee even its largest sellers and dealers, has no real penalties for getting caught committing fraud, garners little to no interest from federal authorities or any other policing agency, and has customers who tend to look the other way even when outlandish criminal acts are committed.

Either accept it or take up another hobby because this one has always been full of shady people and probably always will. I hear woodworking is very rewarding.

[Johnny630]

Originally Posted by SAllen2556

The sports collectibles industry is one that requires no education or licensure to participate, has no regulation, has no governing body to oversee even its largest sellers and dealers, has no real penalties for getting caught committing fraud, garners little to no interest from federal authorities or any other policing agency, and has customers who tend to look the other way even when outlandish criminal acts are committed.

Either accept it or take up another hobby because this one has always been full of shady people and probably always will. I hear woodworking is very rewarding.

Perfectly Said....that’s just it. No sugar coating needed.

[Peter_Spaeth]

Originally Posted by Johnny630

Perfectly Said....that’s just it. No sugar coating needed.

I disagree somewhat, there certainly was (if indeed it's over and it may not be) a significant FBI investigation into the trimming scandal. It's not fair to say the government has "little to no interest." There was also a significant investigation of "Copperfield," the guy from Mexico allegedly selling cards in resealed or fake slabs.

[swarmee]

Of course, and all auction houses are licensed. So to say the industry doesn't have any authorities or laws they're beholden to is completely wrong.

Caveat emptor, but if that PSA 9 used to a PSA 5 with pressed out crease, no problem I guess. Surely the additional $15K in sale value makes sense.

[Aquarian Sports Cards]

Originally Posted by swarmee

Of course, and all auction houses are licensed. So to say the industry doesn't have any authorities or laws they're beholden to is completely wrong.

Caveat emptor, but if that PSA 9 used to a PSA 5 with pressed out crease, no problem I guess. Surely the additional $15K in sale value makes sense.

Most sports auction houses operate in states with no licensing requirements.