A new lawsuit claims loan officials didn’t authenticate collateral put up by convicted fraudster John Rogers leaving one man on the hook for a $900,000 loan.
William “Mac” Hogan, who invested money with the former sports memorabilia dealer and photo archivist, filed the suit in Arkansas recently.
According to Arkansas Business, Hogan filed the suit against Stephen Plunkett and Plunkett Boerner & Associates, the loan broker in the deal with Bank of Little Rock.
A series of financial transactions conducted by Rogers included collateral that was either fake or didn’t exist. The former owner of Sports Cards Plus and Rogers Photo Archive, pleaded guilty to fraud charges and was sentenced over a year ago to 12 years in prison as well as over $23 million in restitution. He isn’t scheduled to be released until 2028.
PSA says the top ten items it certified in 2018 totaled $8.4 million, topped by the mint condition 1952 Topps Mickey Mantle that garnered $2.88 million. The list included cards, jerseys, autographs and a Babe Ruth bat.
If you missed it, here’s our list of the 15 highest priced auction items sold last year.
A nice tribute at this weekend’s Columbus, OH fairgrounds show to the memory of long-time Indiana dealer Wayne Johnson, who passed away suddenly last month.
The owner of Johnson Sports Collectibles and a teacher for 39 years, Wayne was a regular at card shows across the region and regularly held down a booth at the National Sports Collectors Convention, offering a large inventory of vintage cards. He spent many years as a high school baseball coach in Indiana.
One of the hobby’s most advanced collectors also passed away recently. The patriarch of The Dreier Collection–one of the hobby’s top accumulations of cards and memorabilia–Chad Dreier died in late December at age 70 after a year-long battle with cancer.
The southern California resident was a former CEO of The Ryland Group and a local philanthropist. He and his son Doug collected together before consigning many of the items to auction. The two garnered some headlines in 2010 with their purchase of several items from Kirk Gibson’s 1988 World Series homer.
The first City Edition jersey worn by Rookie of the Year favorite Luka Doncic sold for $13,798 at NBA Auctions late last week. That’s the same price his first NBA regular season jersey went for last month.
Doncic wore the Size 52 jersey with six inches of extra length during the Dallas Mavericks’ 111-96 victory over the Oklahoma City Thunder on November 10. He played 31 minutes and registered a game-high 22 points with a game-high eight assists, six rebounds and one steal.
Team Canada game-worn jerseys, gloves and helmets from the 2019 IIHF World Junior Championship in Vancouver, B.C. are on the auction block via eBay.
Over 60 items are in the auction including jerseys donned by Cody Glass, Maxime Comtois and Alexis Lafrenière.
Auction proceeds benefit hockey Canada. You can see the listings here.
Related Stories:
Notes: Biggio, the HOF and TriStar, Bank vs Rogers, Topps Movie?
Notebook: SI Catches Up With Crazy Card Photo Subjects
Notes: Big Prices for Those 70s Cards; Bossy Puck; Legal Roundup
Notebook: 1952 Mantle, T206 Plank at Auction
2017 Had a Little Bit of Everything
Rogers Arrested for Contempt
Report: Rogers Set to Plead Guilty
Lies, Loans and Fakes: Rogers Dug a Deep Hole
U.S. Attorneys Seek 13-Year Sentence for Rogers Plus Restitution
Editor’s Blog: Rogers Talks; Topps Limited; Mattingly Card Pulled in Hometown
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