As a growing stack of lawsuits against him continues, questions are mounting about the collateral Arkansas sports memorabilia dealer and photo archivist John Rogers listed in exchange for millions of dollars in bank loans that remain unpaid.
According to Arkansas Business, federal agents hauled out a double-lock safe containing what Rogers claimed were valuable vintage baseball cards and sets that are still in possession of the FBI as it continues to investigate Rogers. The authenticity of the cards inside remains under a cloud of uncertainty.
Rogers’ North Little Rock business was raided by agents just over a year ago. Images showed agents loading numerous items into a truck, seized as evidence in their investigation.
Arkansas Business reported Monday that one of those items was a double-lock safe that couldn’t be opened without officials from Arkansas Bank and Trust, who became concerned when they saw their collateral being hauled off. But how much of it was real?
A lawsuit filed by one of Rogers’ business partners involves an alleged purchase agreement for a collection of cards that included a T206 Honus Wagner and what would be a virtual impossibility: a complete 19th century Old Judge set.
“I’m just speculating, but my experience is that this is something someone concocted,” one dealer told Arkansas Business for this story.