Running list of 2022 Hobby Scams - Net54baseball.com Forums

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01-22-2022, 06:46 PM

swarmee

J0hn Raff3rty

Member

Join Date: Jul 2014

Location: Niceville FL

Posts: 6,950

Quote:

Originally Posted by Tyruscobb

Does anyone know the Marx Cards backstory? Where did all the money go?

Rumors so far is that they were opening up their own card shop and plowed funds into that. Another rumor is that they were overinvested in PSA base cards which are now dropping like rocks. Another rumor is that they invested in cryptocurrency at the peak, and it's now down about 40%.
I'll keep following it. I expect both criminal and civil liability due to the lack of escrow while operating in the capacity of a financial managers, and the lawsuits from submitters trying to get their funds back in bankruptcy court. (ed note: I am not a lawyer, so this is only my personal untrained thought.)

__________________
--
PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.

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