Attorneys for Doug Allen and Mark Theotikos say they need more time to contest prosecutors’ loss calculations in shill bidding that occurred from 2002-2009.
Fromer auction company CEO Bill Mastro will be heading to federal prison after a judge handed down a sentence in the long-running case.
Not being honest eight years ago with FBI investigators looking into a shill bidding scheme at Mastro Auctions has led to a federal sentence for Bill Boehm.
Having pleaded guilty to fraud charges, former auction house executive Bill Mastro is expected to face prison time.
The former IT director for Mastro Auctions may not see prison time after federal prosecutors urged probation for his role in the company’s shill bidding scheme.
A minority owner of an MLB franchise chimes in on the Mastro Auctions case, Topps takes Turkey Red to Target and info on a new T206-pure silver product.
A fourth member of the team that ran Mastro Auctions is expected to plead guilty to a federal charge.
Federal agents put a wire on Legendary Auctions’ President Doug Allen after he agreed to cooperate –but then things got interesting according to his guilty plea.
According to the Chicago Tribune, Mark Theotikos faces up to four years in prison.
Doug Allen, former president of Mastro Auctions and current head of Legendary Auctions, is expected to plead guilty to shill bidding customers.
UPDATED: Bill Mastro has pleaded guilty in a Chicago federal courtroom to mail fraud, officially acknowledged that he trimmed the $2.8 million T206 Wagner card and engaged on shill bidding.
Former auction house exec Bill Mastro is expected to plead guilty to fraud charges early next year following court proceedings in Chicago Thursday.
Former hobby leader Bill Mastro will cooperate with federal officials in a fraud case while attorneys for two other Mastro execs say they’re not guilty.
Mastro Auctions’ 13-year run has ended with its assets being acquired by a group of top level employees who have formed a new company.