Memory Lane sold cards they didn't have per SCD

[4815162342]

Originally Posted by Rhotchkiss

Update on my end - I have been paid 100% for my consignments, including the t204 Ramly Johnson that is still missing.

That’s amazing. Congrats, Ryan!

[pherbener]

Originally Posted by Rhotchkiss

Update on my end - I have been paid 100% for my consignments, including the t204 Ramly Johnson that is still missing.

Great to hear Ryan! I was sure ML would hold up their end.

[ValKehl]

Wonderful news, Ryan! I'm very happy for you.

[Rhotchkiss]

I was never worried. I think it’s especially cool that they paid me out even though those cards have not been returned; and who knows how many of the buyers of the stolen cards even opted to continue with their purchase and have paid. ML has 100% done the right thing by this consignor (and their primary duty/obligation is to their consignors).

[jayshum]

If ML is paying out consignors even though the stolen cards are still being held as evidence, does that indicate that ML expects to get possession of the cards soon? Does anyone know if they have actually taken payment from any winners of the stolen cards, and if so, what the winners were told as to when to expect to receive their purchased cards?

Also, if they are paying consigners then ML will own whatever cards that winning bidders decide not to pay for. I would guess that they will eventually include whatever cards that remain in a future auction, but I would hope that they would wait until they actually have possession of them before doing that.

[Aquarian Sports Cards]

Originally Posted by Peter_Spaeth

Where did the information come from that they had started shipping?

apparently a bad source...

[Fuddjcal]

Originally Posted by Rhotchkiss

Update on my end - I have been paid 100% for my consignments, including the t204 Ramly Johnson that is still missing.

what an effin epic card Ryan. That is great news!

this is where I get my opinion of where the evidence is until trial. I'm not sure though?

https://youtu.be/9Fh515lnMgM?si=k1xl_i-LtCZDuGpC

[parkplace33]

Originally Posted by Aquarian Sports Cards

apparently a bad source...

So wait, have they shipped these cards yet? I am confused.

And did anyone on this board who "purchased" one of these cards actually buy and receive the card?

[Lorewalker]

Originally Posted by parkplace33

So wait, have they shipped these cards yet? I am confused.

And did anyone on this board who "purchased" one of these cards actually buy and receive the card?

Ummm...start with post 992. Nothing to be confused about.

[raulus]

Originally Posted by Lorewalker

Ummm...start with post 992. Nothing to be confused about.

But what if the insurance company required that the cards be shipped? In spite of the fact that the police still had them in custody??

[brianp-beme]

Originally Posted by raulus

But what if the insurance company required that the cards be shipped? In spite of the fact that the police still had them in custody??

And if the police are the custodians, does that mean the cops should have a mop and mop bucket as well?


Brian (just wanted to get back in on this 4 digit post thread)

[BioCRN]

Originally Posted by brianp-beme

Brian (just wanted to get back in on this 4 digit post thread)

You joke, but reading this thread counts for 3 credit hours in pre-law programs at many prestigious universities.

[4815162342]

Originally Posted by biocrn

you joke, but reading this thread counts for 3 credit hours in pre-law programs at many prestigious universities.

lol

[parkplace33]

Originally Posted by Lorewalker

Ummm...start with post 992. Nothing to be confused about.

I see it now, thanks. Hopefully the buyers get these cards in a timely fashion.

[jayshum]

Latest update on court proceedings:

https://www.cleveland19.com/2024/06/...outputType=amp

[Beercan collector]

Bumping this because I’m interested in what’s gonna happen to these dingbats .
According to the link Jayshum Posted (above) they go back to court tomorrow

[RhodeyRhode]

Great job by Memory Lane....Makes you wonder what other auction houses would have done in same situation....As I bet not all would have done the right thing....but would think if insured and got insurance money they would.

[Beercan collector]

Originally Posted by Beercan collector

Bumping this because I’m interested in what’s gonna happen to these dingbats .
According to the link Jayshum Posted (above) they go back to court tomorrow

cannot find any follow up on this -
Was even hoping for updates on the Ted Williams and Ramly Johnson .
Perhaps I’m expecting too much (?)
guess once an arrest is made the stories over

[raulus]

Originally Posted by Beercan collector

cannot find any follow up on this -
Was even hoping for updates on the Ted Williams and Ramly Johnson .
Perhaps I’m expecting too much (?)
guess once an arrest is made the stories over

Which updates are you hoping to learn about? Prison sentence for the perps? Just what happened to the last 2 cards? Whether buyers actually completed their purchases?

Does seem like sellers got paid, so there's that.

[Beercan collector]

Originally Posted by raulus

Which updates are you hoping to learn about? Prison sentence for the perps? Just what happened to the last 2 cards? Whether buyers actually completed their purchases?

Does seem like sellers got paid, so there's that.

Yep all that stuff.
Of course My thinking any collector would be curious about this isn’t the first assumption of mine thats been off .
Oh well not terribly important anyway .. I guess

[raulus]

Originally Posted by Beercan collector

Yep all that stuff.
Of course My thinking any collector would be curious about this isn’t the first assumption of mine thats been off .
Oh well not terribly important anyway .. I guess

I don't think we've heard anything on the last 2 cards, although it's possible that I'm just out of the loop.

I suspect the trial for the perps will take some time, even if they go with a plea bargain. So pack your patience there.

While it's anybody's guess whether the buyers actually consummated their purposes once the cards were found, I would guess that the vast preponderance did. But maybe if one of the stolen cards re-appears in the next ML auction, that could be a sign that the high bidder decided to pass. Either that or they've just decided to try to flip it to cash in on the notoriety of the case.

[Beercan collector]

Originally Posted by raulus

I don't think we've heard anything on the last 2 cards, although it's possible that I'm just out of the loop.

I suspect the trial for the perps will take some time, even if they go with a plea bargain. So pack your patience there.

While it's anybody's guess whether the buyers actually consummated their purposes once the cards were found, I would guess that the vast preponderance did. But maybe if one of the stolen cards re-appears in the next ML auction, that could be a sign that the high bidder decided to pass. Either that or they've just decided to try to flip it to cash in on the notoriety of the case.

Thanks
They had a court date July 15 that’s kind of why I thought There’d be some news

[Aquarian Sports Cards]

I will say I am curious if any of the stolen cards have reached their final destination yet.

[theshowandme]

They have both plead guilty to their charges

Sentencing December 16th

https://www.wkyc.com/article/news/cr...9-4217dd1e5fc7

[Aquarian Sports Cards]

were the two missing cards ever recovered?

[theshowandme]

Originally Posted by Aquarian Sports Cards

were the two missing cards ever recovered?

Not yet

Which led to an all time quote from the prosecutor

[Aquarian Sports Cards]

beautiful

[brianp-beme]

Did perhaps the not so bright fellow swallow them?

Brian

Originally Posted by theshowandme

Not yet

Which led to an all time quote from the prosecutor

[uniship]

How in THE HELL did the four Dallas scumbag thieves cocksuckers - all visible on camera- get away with that theft?? Blows my mind.

[Snowman]

Originally Posted by uniship

How in THE HELL did the four Dallas scumbag thieves cocksuckers - all visible on camera- get away with that theft?? Blows my mind.

Something tells me you didn't watch that video closely enough.

[Beercan collector]

Thanks for the update

[Yoda]

I am curious how the ML consignors on the stolen cards and the insurance carrier reached a payment valuation, eg.the T204 Johnson. Was the policy written on an agreed amount and all cards scheduled with pix and registration numbers? Or on past auction results detailed in VDP. Obviously the insurer and consignor reached some kind of valuation provision before the policy was issued.

[Snowman]

Originally Posted by Yoda

I am curious how the ML consignors on the stolen cards and the insurance carrier reached a payment valuation, eg.the T204 Johnson. Was the policy written on an agreed amount and all cards scheduled with pix and registration numbers? Or on past auction results detailed in VDP. Obviously the insurer and consignor reached some kind of valuation provision before the policy was issued.

Did it even get to that point? I doubt it would have.

[parkplace33]

Originally Posted by Snowman

Did it even get to that point? I doubt it would have.

Bingo. Unfortunately, we will never know.

[parkplace33]

Originally Posted by raulus

Which updates are you hoping to learn about? Prison sentence for the perps? Just what happened to the last 2 cards? Whether buyers actually completed their purchases?

Does seem like sellers got paid, so there's that.

We are over 5 months since this heist, and there is still one thing that has been bothering me about this whole situation (besides the two missing cards, which is very unfortunate):

For those that won one of these recovered cards in the ML auction, where you ever able to buy that card from ML? I believe we have a few board members that won these cards, but I don't have confirmation that the sale went through or were offered the chance to buy the card. Or did miss that in one of the 1000 posts on this thread?

[tjisonline]

Originally Posted by parkplace33

We are over 5 months since this heist, and there is still one thing that has been bothering me about this whole situation (besides the two missing cards, which is very unfortunate):

For those that won one of these recovered cards in the ML auction, where you ever able to buy that card from ML? I believe we have a few board members that won these cards, but I don't have confirmation that the sale went through or were offered the chance to buy the card. Or did miss that in one of the 1000 posts on this thread?

yes.

[parkplace33]

Originally Posted by tjisonline

yes.

Great, glad to hear. I was unclear about that.

[4815162342]

.

[ktreece]

Originally Posted by Snowman

Something tells me you didn't watch that video closely enough.

Fraud??

[parkplace33]

https://www.sportscollectorsdaily.co...ll-card-theft/

The other stolen items included 14 rare 1914 Cracker Jack cards, numerous T206 tobacco cards, several 1911-14 Brunner’s Bread cards, early Exhibits and high-grade cards of Mickey Mantle and Roberto Clemente, among others. SC Daily has learned that the 52 cards that were recovered will be sent back to the company next week. Collectors who won those lots and opted to wait for their recovery will then receive them.

Early Christmas gift for those card winners.

[BioCRN]

Phew, 4-6 years is some hard time for a theft, but not giving up the location of the buyer/holder of the 2 missing cards will not help you at sentencing time.

[mrreality68]

Originally Posted by BioCRN

Phew, 4-6 years is some hard time for a theft, but not giving up the location of the buyer/holder of the 2 missing cards will not help you at sentencing time.

The time was well earned and Deserved

[bnorth]

Originally Posted by BioCRN

Phew, 4-6 years is some hard time for a theft, but not giving up the location of the buyer/holder of the 2 missing cards will not help you at sentencing time.

What was the value of the 2 cards still missing. This may seem weird to many on here who have had a way better than average life. Maybe he is trading doing a little time with free room and board for the cash(from the 2 cards) he will spend living like a rock star for a year or less. 4-6 years means he will be out in 2 years at most depending on priors. From what I hear jail is only scary/bad if you have never experienced it before. I know I have several "friends" from childhood that would and have done 2+ years for way less cash than most on here make in a year.

[BioCRN]

Originally Posted by bnorth

What was the value of the 2 cards still missing

"The two cards that have yet to be recovered are a 1909 Ramly Walter Johnson graded PSA 5 and a 1941 Play Ball Ted Williams graded PSA 8. They have a combined value of more than $89,000."

If dude is willing to do years for 90K he's got more issues than a need for 90K.

Given that most people without hookups to sell cards like this will have to settle for 1/2 to 2/3rd of value at best it's an even worse tradeoff.

He was going to do time anyway, but when it comes time to sentence someone who won't come clean on the rest of a missing haul, you're rarely catching a break.

[tjisonline]

Est. $90k according to articles.

Originally Posted by bnorth

What was the value of the 2 cards still missing. This may seem weird to many on here who have had a way better than average life. Maybe he is trading doing a little time with free room and board for the cash(from the 2 cards) he will spend living like a rock star for a year or less. 4-6 years means he will be out in 2 years at most depending on priors. From what I hear jail is only scary/bad if you have never experienced it before. I know I have several "friends" from childhood that would and have done 2+ years for way less cash than most on here make in a year.

[x2drich2000]

Originally Posted by bnorth

What was the value of the 2 cards still missing. This may seem weird to many on here who have had a way better than average life. Maybe he is trading doing a little time with free room and board for the cash(from the 2 cards) he will spend living like a rock star for a year or less. 4-6 years means he will be out in 2 years at most depending on priors. From what I hear jail is only scary/bad if you have never experienced it before. I know I have several "friends" from childhood that would and have done 2+ years for way less cash than most on here make in a year.

Part of the sentence was also restitution of almost $90k for the 2 missing cards. Now whether that is collectable or not, I don't know.