US v. Cord Monroe, the T206 forger

[Bill77]

It would only be cruel and unusual if they made him eat the gum.

[MikeGarcia]

..Where are the cards now ?Were any put into holders ?

[T206Collector]

https://www.sportscollectorsdaily.co...ger-sentenced/

[Peter_Spaeth]

Originally Posted by T206Collector

https://www.sportscollectorsdaily.co...ger-sentenced/

Do you have any sense of the size of the scheme versus the 73K he apparently paid in restitution?

[jayshum]

Originally Posted by Peter_Spaeth

Do you have any sense of the size of the scheme versus the 73K he apparently paid in restitution?

Based on the numbers listed in the SCD article, ir doesn't seem to be that much more than what he had to pay. There are 3 cards listed with no indication as to how much they sold for, and the rest add up to around $74K. Is it normal for restitution to be less than the actual amount someone fraudulently obtained?

[T206Collector]

I lived through this, and was owner of several. It was all well documented here on Net54 — in fact, Net54 had a significant role in outing the offender and those of us with bad cards getting reimbursed.

Here’s that fun link….

https://www.net54baseball.com/showthread.php?t=262673

[Peter_Spaeth]

Originally Posted by T206Collector

I lived through this, and was owner of several. It was all well documented here on Net54 — in fact, Net54 had a significant role in outing the offender and those of us with bad cards getting reimbursed.

Here’s that fun link….

https://www.net54baseball.com/showthread.php?t=262673

You may have spoken to this already, and I haven't gone back to the thread, but did all of this change your approach to collecting?

[Peter_Spaeth]

Originally Posted by jayshum

Based on the numbers listed in the SCD article, ir doesn't seem to be that much more than what he had to pay. There are 3 cards listed with no indication as to how much they sold for, and the rest add up to around $74K. Is it normal for restitution to be less than the actual amount someone fraudulently obtained?

He wasn't necessarily formally charged with each instance of the alleged forgery.

[bnorth]

Originally Posted by jayshum

Based on the numbers listed in the SCD article, ir doesn't seem to be that much more than what he had to pay. There are 3 cards listed with no indication as to how much they sold for, and the rest add up to around $74K. Is it normal for restitution to be less than the actual amount someone fraudulently obtained?

From personal experience from people I know getting arrested, yes and it is usually a very small percentage of what they really stole. Insurance companies are horrible for this and when getting busted they basically get away with it. My cousin has been busted multiple times for taking insurance payments and not really providing any insurance. She paid back pennies on the dollar and never had to stop "selling" insurance any of the times. Embezzling from companies is the same. A girl I dated and a friends mom(different companies) both stole over 100K and they both got probation and had to pay back less than 10% of what they actually stole.

[jayshum]

Originally Posted by bnorth

From personal experience from people I know getting arrested, yes and it is usually a very small percentage of what they really stole. Insurance companies are horrible for this and when getting busted they basically get away with it. My cousin has been busted multiple times for taking insurance payments and not really providing any insurance. She paid back pennies on the dollar and never had to stop "selling" insurance any of the times. Embezzling from companies is the same. A girl I dated and a friends mom(different companies) both stole over 100K and they both got probation and had to pay back less than 10% of what they actually stole.

So apparently sometimes crime does pay.

[steve B]

Originally Posted by bnorth

From personal experience from people I know getting arrested, yes and it is usually a very small percentage of what they really stole. Insurance companies are horrible for this and when getting busted they basically get away with it. My cousin has been busted multiple times for taking insurance payments and not really providing any insurance. She paid back pennies on the dollar and never had to stop "selling" insurance any of the times. Embezzling from companies is the same. A girl I dated and a friends mom(different companies) both stole over 100K and they both got probation and had to pay back less than 10% of what they actually stole.

Yep, and if it's smaller sometimes there's even less consequence.

Car dealership I worked for hired a new finance manager.

Co worker - Oh this guy again?
Me - he was here before?
Co worker - Yeah, he got caught stealing 15k a couple years ago
Me - What? Why is he back
Co worker - The owner is stupid.

One month later he was fired, Stole another 15K. Law enforcement was never involved.