More on Dave Forman

[benjulmag]

The only annihilation I see here is to both sides and their respective companies if this matter cannot be promptly settled.

[slidekellyslide]

It seems hard for me to believe that Mastro would sue Forman for $400,000 if that's not what is owed....and suing because the comic book deal fell through is just hilariously pitiful. I think it's clear that Jeff took this case so he could ask questions that may not be related to Forman (ie shilling)...or maybe it was the free SGC vouchers for life?

[FrankWakefield]

This is a real mess... a mess for auctions, a mess for grading...

And there's a family out there, it is a real life disaster for them.

[Orioles1954]

Two sentences that seem very strange to me when read together.

"Instead, Lichtman says, they were sold at a Mastro Auction for much less than Forman might have gotten at a future date with a different auction house.

Lichtman also says that Forman was the victim of shill bidding and other fraudulent activities under investigation by the FBI."

So Mastro wasn't shilling any of Forman's consignments but were with others?

and this....


"Doug can charm money out of hobbyist’s pockets, but he’ll have a much harder time with a lawyer.”

Hasn't said lawyer already spent a good deal of money with the former?

[Exhibitman]

I believe the implication is that by the time Forman's cards sold Mastro had stopped its alleged shilling because of the FBI investigation into its alleged shilling.

This is going to be very interesting to watch unfold, but it didn't result in the consignors being cheated. That is entirely the misconduct of Mastro in either releasing items w/o payment or diverting payments from their intended recipients to fund its own activities. I don't know IL law but out here we charitably refer to that as "conversion" and uncharitably call it "embezzlement."

[Jewish-collector]

Is Mr. Lichtman going to the National ?

[Rob D.]

Originally Posted by Jewish-collector

Is Mr. Lichtman going to the National ?

I think he was looking for someone to share a room with.

[Jantz]

Good read...thanks for posting it. As previously posted, this could get interesting.

I just have to add though that everytime I see Michael O'Keeffe's name and "The Sports Investigative Team" I begin to think about the movie Anchorman.

Anyone else?

Jantz

[WhenItWasAHobby]

It would indeed be interesting to find out more about the cards that Dave Forman consigned to Mastro. Were they SGC graded cards? If so, were the cards worthy of the assigned grades? This is particularly bothersome if Forman is already in debt with the auction house.

Clearly there's a lot that has yet to be brought out. From the prior article it is clear that Forman was not a rank and file bidder on Mastro's auctions, otherwise why after not paying for items won and not paid in 2007 would they let him continue to bid on auctions in 2008? There was clearly some type of cozy relationship between the two parties and perhaps a public trial with sworn testimonies from both sides will be the best means of getting to the bottom of this mess.

[David Atkatz]

"Forman had given the cards to Mastro Auctions for a future sale, but when the economy turned sour, Forman decided to hold on to the cards. Instead, Lichtman says, they were sold at a Mastro Auction for much less than Forman might have gotten at a future date with a different auction house."

What?

Forman didn't look at the catalog (on-or-off-line), see that his cards were being auctioned, and have them pulled?

Please.

[Jim VB]

Don't know anything about the specifics of this instance, but, if I remember correctly, there was another poster on one of these threads who claimed that he had consigned to Mastro before they were "sold". He claimed he had asked for his cards back once they were shifted to Legendary and his request was declined.

[tbob]

Originally Posted by David Atkatz

"Forman had given the cards to Mastro Auctions for a future sale, but when the economy turned sour, Forman decided to hold on to the cards. Instead, Lichtman says, they were sold at a Mastro Auction for much less than Forman might have gotten at a future date with a different auction house."

What?

Forman didn't look at the catalog (on-or-off-line), see that his cards were being auctioned, and have them pulled?

Please.

That is pretty odd.

[Wesley]

Thanks for the article.

Ongoing litigation is going to cause irreparable damage to both companies as well as the entire hobby. With so many allegations of criminal activity by both sides, I am sure neither of the principals really want to give testimony under oath.