Massive theft at Dallas card show, Nearly 2 Million Dollars worth of cards stolen

[Republicaninmass]

Hmmmm, does Insurance cover consignments if not specified?

Yikes

[Peter_Spaeth]

Originally Posted by Republicaninmass

Hmmmm, does Insurance cover consignments if not specified?

Yikes

I would sure hope it's in his policy. It may be standard?

[Aquarian Sports Cards]

If he had consignments he needs contracts for insurance purposes. At least that's how our policy works.

[etsmith]

Usually a heist like this is done by people who already have a buyer or buyers for the merchandise. Also it's completely possible if it gets too hot that they can try to sell it back to the insurance company.

[jayshum]

Originally Posted by etsmith

Usually a heist like this is done by people who already have a buyer or buyers for the merchandise. Also it's completely possible if it gets too hot that they can try to sell it back to the insurance company.

I give up. What does this mean?

[parkplace33]

Its been over 2 weeks. I am praying for the best.

[Republicaninmass]

Originally Posted by Aquarian Sports Cards

If he had consignments he needs contracts for insurance purposes. At least that's how our policy works.

Thanks Scott, I'd assume with people.mailing stuff out contracts are written for auctions. But someone just saying "try to sell my cards at the shows" may not be as detailed. Then you have to deal with insurance saying the contracts were not signed contemporaneously with the acceptance of the consignments. Absolutely brutal

[Yoda]

Ash, may well have, and I certainly hope he does, something called a Bailee's Liability policy which insures the property while he is in possession of any consignor's property. Or the consignor could have a property policy which covers these crown jewels when they are off the property and in possession/control of another party.
As the days pass and there is no word from the authorities, my dread grows.

[Peter_Spaeth]

This happened on what, July 5? While of course it's possible the authorities have no leads, neither does the fact that they haven't announced a resolution in two weeks and change mean they don't have active leads. The expectations of instant gratification expressed here were not realistic for a criminal investigation. Not like a guy who hot wires a car and they catch him the next day. This isn't a matter of with each passing day it's more likely they're home free, and anyhow the authorities obviously aren't going to update the public every time they have information and if they're talking to Ashish they've probably told him to keep quiet as they did JP.

[jayshum]

Originally Posted by Peter_Spaeth

This happened on what, July 5? While of course it's possible the authorities have no leads, neither does the fact that they haven't announced a resolution in two weeks and change mean they don't have active leads. The expectations of instant gratification expressed here were not realistic for a criminal investigation. Not like a guy who hot wires a car and they catch him the next day. This isn't a matter of with each passing day it's more likely they're home free, and anyhow the authorities obviously aren't going to update the public every time they have information and if they're talking to Ashish they've probably told him to keep quiet as they did JP.

But Peter, in Law & Order, they not only catch the crook but finish the trial in an hour.

[nolemmings]

Originally Posted by Peter_Spaeth

This happened on what, July 5? While of course it's possible the authorities have no leads, neither does the fact that they haven't announced a resolution in two weeks and change mean they don't have active leads. The expectations of instant gratification expressed here were not realistic for a criminal investigation. Not like a guy who hot wires a car and they catch him the next day. This isn't a matter of with each passing day it's more likely they're home free, and anyhow the authorities obviously aren't going to update the public every time they have information and if they're talking to Ashish they've probably told him to keep quiet as they did JP.

Plus and as I am sure you and others here know, law enforcement may already have suspects well in range and are building/strengthening their case, including whether others were involved in coordination or post-theft activity. Given double jeopardy and speedy trial concerns, along with there being no threat of danger to the general public, it seems unlikely they are going to arrest or charge quickly just for its own sake. I suppose the possibility of suspects fleeing the country could change the calculus, but I am willing to give law enforcement the benefit of the doubt on how this is being handled.