Former Mastro Auctions Vice President Mark Theotikos has begun serving his prison sentence for mail fraud.
Theotikos was assigned to the federal penitentiary in Marion, IL, just over 300 miles south of the company’s former offices in the Chicago area. He is one of approximately 206 inmates at a minimum security camp, located next to the medium security prison that houses more than 1,200 others.
In May, Theotikos was sentenced to one year and one day in federal prison for his role in illegal activity that took place at the company that was once a major player in the sports memorabilia auction field.
Theotikos, now 55, is one of three Mastro executives who were sentenced to prison for fraud which forced bidders to pay more than they had to for certain items. Company CEO Bill Mastro is serving 20 months in the federal prison camp at Pekin, IL. He is scheduled to be released in the first half of next year. In May, former company president Doug Allen was ordered to spend 57 months at the federal correctional facility in Morgantown, WV. He will likely serve about four years in the camp.
The company’s former IT director, Bill Boehm, was given probation, a fine and a community service sentence in June of 2015.
In addition to the sentence handed down last spring, Theotikos was ordered to pay a $10,100 fine, an obligation he met before beginning his prison term.