Article about Collecting and Fraud in the Hobby

[raulus]

Originally Posted by Snowman

What is the language of the statute you are referencing though? And how do we even determine what things must be disclosed? And who determines it? Surely this stuff is not spelled out in the letter of the law (unless I'm wrong, and there is an explicit law on the books that reads something along the lines of "alterations made to sports cards must be disclosed when reselling").

I'm not a lawyer, although I did take a business law class once about 23 years ago.

I suspect that "fraud in the inducement" could potentially be used here.

[Peter_Spaeth]

Originally Posted by raulus

I'm not a lawyer, although I did take a business law class once about 23 years ago.

I suspect that "fraud in the inducement" could potentially be used here.

Mail fraud. Wire fraud. Federal statutes. We analyzed these in great detail when the scandal broke. They potentially apply to an infinite range of conduct that constitutes fraud so long as it involves the mail or wires. Fraud is a very broad concept involving intentional misrepresentation or concealment. There is a reason Congress made the statutes very broad so as not to limit them.

[raulus]

Originally Posted by Peter_Spaeth

Mail fraud. Wire fraud. Federal statutes. We analyzed these in great detail when the scandal broke. They potentially apply to an infinite range of conduct that constitutes fraud so long as it involves the mail or wires. Fraud is a very broad concept involving intentional misrepresentation or concealment.

I guess snowman wasn't around for that debate.