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You are here: Home / Around the Hobby / Mastro Released from Federal Prison Camp

Mastro Released from Federal Prison Camp

June 12, 2017 By Rich Mueller

Former Mastro Auctions CEO Bill Mastro was released from the federal prison camp at Pekin, IL last month.

Bill Mastro
Bill Mastro

According to the Federal Bureau of Prisons, Mastro would have served about 18 months of a 20-month sentence handed down last August, two years after he admitted to various types of fraud from 2002-2009 including an ongoing shill bidding scheme.  He began serving his sentence in late November 2015.

Doug Allen
Doug Allen

In a pre-sentence memoradum, the Chicago area resident pledged through his attorneys that he would never again work in the sports memorabilia business.

He paid a $250,000 fine prior to his sentencing.

Another Mastro employee, Mark Theotikos, is scheduled to be released Wednesday after serving approximately 10 months of his one-year sentence for mail fraud.  Theotikos has been serving his time at the federal camp in Marion, IL.

Former Mastro president Doug Allen is in the Pekin camp and will serve the longest time in federal custody of any of those involved in the case. In February 2016, Allen was sentenced to 57 months.  He has served 13 months thus far. According to the Bureau of Prisons, he’s eligible for early release on June 30, 2019.   

Update:  Prison records indicate Allen was released on July 5, 2019.

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Related Stories:

Theotikos Begins Federal Prison Sentence Third Former Mastro Auctions Rep Sentenced Doug Allen Sentenced to 57 Months in Federal Prison Judge Grants Sentencing Delay for 2 Former Mastro Execs US District Court Northern IllinoisFormer Mastro IT Director Gets Probation, Fine Mastro Employee Changes Plea Former Mastro Exec Pleads Guilty Doug AllenAuction Exec Set to Change Plea in Federal Fraud Case

About Rich Mueller

Rich is the editor and founder of Sports Collectors Daily. A broadcaster and writer for over 40 years and a collector for even longer than that, he's usually typing something somewhere. Type him back at [email protected].

Filed Under: Around the Hobby Tagged With: Bill Mastro, Doug Allen, Mark Theotikos

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