Former Mastro Auctions CEO Bill Mastro was released from the federal prison camp at Pekin, IL last month.
According to the Federal Bureau of Prisons, Mastro would have served about five 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.
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.
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