No legal action been filed yet in connection with the ongoing revelations of altered trading cards uncovered by members of the Blowout Cards forum since last spring, but the work to identify them continues. More cards alleged to have been purchased, altered and re-graded for profit are being revealed on almost a daily basis. Members have recently highlighted … [Read more...] about Editor’s Blog: More Altered Cards Outed But No Legal Action Yet
fraud
Editor’s Blog: Doctored Cards Keep Coming
Since we wrote of the card doctoring scandal a couple of weeks ago, dozens more altered cards have been uncovered by members of the Blowout Cards message board. From key modern era rookie cards to T206s, it’s clear that far more than just a few have entered the market through the destructive skills of some folks looking to rake a profit through fraud perpetrated on … [Read more...] about Editor’s Blog: Doctored Cards Keep Coming
Nebraska Man Gets Prison Time for Vintage Card Fraud
A Nebraska man has been sentenced to 2 ½ years in federal prison and ordered to pay a six-figure restitution payment for selling reprints of vintage sports cards as if they were the real thing. Thomas Martin Beatty, 45, was sentenced for mail fraud and money laundering in Omaha Wednesday. Joe Kelly, U.S. Attorney for the District of Nebraska, says Beatty sold bought … [Read more...] about Nebraska Man Gets Prison Time for Vintage Card Fraud
FBI: Rogers’ Long, Expensive Fraud Trail Included Forging Player Autographs
There have been a lot of fraud cases involving sports memorabilia over the years. The best known is Operation Bullpen, which received national publicity after a massive forgery ring was uncovered in the late 1990s. Innumerable fake autographs were dumped on an unsuspecting public in a scheme that went on for several years. No case, however, has … [Read more...] about FBI: Rogers’ Long, Expensive Fraud Trail Included Forging Player Autographs
Man Who Ran Real Estate Ponzi Scheme Must Surrender Card Collection
A California man who pleaded guilty to a Ponzi scheme on Monday will have to forfeit a collection of baseball cards valued at more than $31,000 as part of a plea agreement. Seth Adam Depiano, 36, of Clovis, admitted to mail fraud, wire fraud and money laundering in connection with a real estate investment scam, U.S. Attorney McGregor W. Scott announced. According to … [Read more...] about Man Who Ran Real Estate Ponzi Scheme Must Surrender Card Collection
“He Literally Traded His Freedom for $3 Million Worth of Baseball Cards”
A former electric company supervisor has been sentenced to 2 ½ years in prison and ordered to pay back nearly $3 million he embezzled from the co-op to build an extensive collection of baseball and football cards. John Pearson "Jack" Willis III, 57, of Arab, AL, pleaded guilty in September to one count of embezzling from an organization that receives federal funds. … [Read more...] about “He Literally Traded His Freedom for $3 Million Worth of Baseball Cards”
U.S. Attorneys Seek 13-Year Sentence for Rogers Plus Restitution
Christmas is less than a week away but a federal judge may hand former sports memorabilia and photograph dealer John Rogers a big lump of coal on Wednesday. U.S. Attorney John Lausch is asking Judge Thomas Durkin to put the North Little Rock, Arkansas man in prison for over 13 years—and hand him a bill for $23.6 million in restitution to banks and others he … [Read more...] about U.S. Attorneys Seek 13-Year Sentence for Rogers Plus Restitution
Man Charged in Massive Fake Autograph Scheme Rejects Plea Deal
The Ohio man charged with setting up a massive autograph forgery ring online has rejected a plea deal. According to news reports in Youngstown, Cliff Panezich and his attorney didn’t accept the Mahoning County district attorney’s offer to accept a prison sentence of no more than seven years. Panezich believes he shouldn’t face more than three years but if the case goes … [Read more...] about Man Charged in Massive Fake Autograph Scheme Rejects Plea Deal
Autograph Faker Pleads Guilty; Gov’t to Seek Restitution
The United States Attorney’s Office for the Middle District of Pennsylvania says a former owner of a group of internet sports memorabilia businesses pleaded guilty Monday before United States District Court Judge John E. Jones, III, in Harrisburg, PA to a $2.5 million dollar fraud scheme. The Criminal Information was filed in January pursuant to a plea agreement entered … [Read more...] about Autograph Faker Pleads Guilty; Gov’t to Seek Restitution
Transcript Reveals Details of Allen’s Sentencing
It will likely be the year 2020 when former Mastro Auctions executive Doug Allen walks out of whatever federal prison will be his home beginning on May 9. Allen, sentenced in U.S. District Court last week to 57 months, could have more than six months shaved off his sentence for good behavior, but it’ll still be a long stay. It's also one that could have been cut, perhaps in … [Read more...] about Transcript Reveals Details of Allen’s Sentencing