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#2538450 - 08/05/08 02:16 PM Mastro Net Auctions - Subpoena - Shill Bidding
Jokerman Online   content
Talkative?


Registered: 03/17/05
Posts: 697
Loc: The Ha-Hacienda outside Chicag...

Burr Ridge auctioneers subpoenaed in sports memorabilia fraud probe, sources say

Authorities said to be investigating possible 'shill bidding' to drive up prices on collectibles


Mastro Net Auctions
link to Chicago Tribune story here


Joker--
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#2538455 - 08/05/08 02:18 PM Re: Mastro Net Auctions - Subpoena - Shill Bidding [Re: Jokerman]
HOTFLIPS Offline
I was posting here when you were in diapers.


Registered: 09/11/07
Posts: 3820
Loc: New York/New Jersey
Just posted in the Water Cooler. Read the book "The Card" and you will learn all about Mastro.
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#2538477 - 08/05/08 02:32 PM Re: Mastro Net Auctions - Subpoena - Shill Bidding [Re: Jokerman]
Mr. Zipper Offline
TOTAL NEWBIE


Registered: 10/29/03
Posts: 8341
Loc: Upstate NY
As some folks here know, I am very involved in the Universal Autograph Collectors Club (UACC). I've written several articles and been interviewed by national publications on the matter of fraud and forgery.

About a year ago, a very reliable, well know collector told me that he consigned a number of items to Mastro and was very disappointed with the auction results. He contacted Mastro and asked to have a reserve put on his items that were scheduled to appear in an upcoming auction.

Mastro told him that they did not allow reserves, but he could just register under a different name and make sure the bids went up to a level he was comfortable with.

He then asked what would happen if he "won" one of his own auctions. He was told that he would have to buy it, as well as pay the buyers and sellers commission.

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#2538845 - 08/05/08 06:03 PM Re: Mastro Net Auctions - Subpoena - Shill Bidding [Re: Mr. Zipper]
Mac Man Offline
TOTAL NEWBIE


Registered: 04/22/07
Posts: 11050
Loc: CT
Whoa \:o That's pretty daaamm creepy if you ask me! My father in law is a big fan of Mastro but he's never mentioned any of this to me. Zipper, if you know of any other published articles discussing Mastro along these lines, I would greatly appreciate it if you could PM me links so I can pass them along (as I did with this news story).
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#2538987 - 08/05/08 07:00 PM Re: Mastro Net Auctions - Subpoena - Shill Bidding [Re: Mac Man]
Davenport Offline
Chatzilla


Registered: 07/22/05
Posts: 2055
 Originally Posted By: Mac Man
Whoa \:o That's pretty daaamm creepy if you ask me! My father in law is a big fan of Mastro but he's never mentioned any of this to me. Zipper, if you know of any other published articles discussing Mastro along these lines, I would greatly appreciate it if you could PM me links so I can pass them along (as I did with this news story).


NY Daily News: Feds swarm to question card sharks

The Daily News article seems more focused on the Feds zeroing in on PSA and "cards that have been altered" , as well as Mastro.

"...questioned employees of Professional Sports Authenticator, the hobby's top card grading service.

"Also on Friday, investigators from the FBI and the United States Postal Service interviewed a former Mastro Auctions employee who is known to be a "card doctor,"..."



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#2539113 - 08/05/08 07:39 PM Re: Mastro Net Auctions - Subpoena - Shill Bidding [Re: Davenport]
Jacey Offline
The Collectinator


Registered: 11/28/05
Posts: 311
Loc: Atlanta
I read "The Card," Bill Mastro seems like a cheat and a fraud
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Jill Presto: Well... Just speaking for myself.. and I'm going out on a limb here... I'd like to say that you're an arrogant, ungrateful son of a *spoon* on a permanent power trip. Lucifer: Ha! Excellent. Accurate on all counts.

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#2539132 - 08/05/08 07:48 PM Re: Mastro Net Auctions - Subpoena - Shill Bidding [Re: Jacey]
EggsAckley Offline
FACT if I stop posting, trillions and trillions of transistors would be out of work.


Registered: 02/08/03
Posts: 4652
Loc: Florida
I won a baseball card auction with them over 5 years ago that was for a rare Rawlings set. The cards were described as NM and up. The 2 major cards were dinged so I returned the set because the condition was misrepresented. They refunded my money but banned me from future auctions.
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#2539152 - 08/05/08 07:54 PM Re: Mastro Net Auctions - Subpoena - Shill Bidding [Re: EggsAckley]
maxstuf Offline
Talkative?


Registered: 04/01/02
Posts: 611
Loc: Las Vegas, NV
I have never bid on a Mastro auction. People have whispered to me for years that something wasn't right.
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#2539175 - 08/05/08 08:05 PM Re: Mastro Net Auctions - Subpoena - Shill Bidding [Re: Davenport]
ciorac Offline
TOTAL NEWBIE


Registered: 07/16/06
Posts: 14875
Loc: MS Gulf Coast
 Originally Posted By: Davenport
 Originally Posted By: Mac Man
Whoa \:o That's pretty daaamm creepy if you ask me! My father in law is a big fan of Mastro but he's never mentioned any of this to me. Zipper, if you know of any other published articles discussing Mastro along these lines, I would greatly appreciate it if you could PM me links so I can pass them along (as I did with this news story).


NY Daily News: Feds swarm to question card sharks

The Daily News article seems more focused on the Feds zeroing in on PSA and "cards that have been altered" , as well as Mastro.

"...questioned employees of Professional Sports Authenticator, the hobby's top card grading service.

"Also on Friday, investigators from the FBI and the United States Postal Service interviewed a former Mastro Auctions employee who is known to be a "card doctor,"..."




"Also on Friday, investigators from the FBI and the United States Postal Service interviewed a former Mastro Auctions employee who is known to be a "card doctor," somebody who fixes dog-eared corners, removes stains, flattens out creases or takes other steps to improve the appearance of trading cards. Most collectors and dealers consider it unethical to alter cards."

Uh-oh.........

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#2539179 - 08/05/08 08:06 PM Re: Mastro Net Auctions - Subpoena - Shill Bidding [Re: ciorac]
maxstuf Offline
Talkative?


Registered: 04/01/02
Posts: 611
Loc: Las Vegas, NV
 Originally Posted By: ciorac
 Originally Posted By: Davenport
 Originally Posted By: Mac Man
Whoa \:o That's pretty daaamm creepy if you ask me! My father in law is a big fan of Mastro but he's never mentioned any of this to me. Zipper, if you know of any other published articles discussing Mastro along these lines, I would greatly appreciate it if you could PM me links so I can pass them along (as I did with this news story).


NY Daily News: Feds swarm to question card sharks

The Daily News article seems more focused on the Feds zeroing in on PSA and "cards that have been altered" , as well as Mastro.

"...questioned employees of Professional Sports Authenticator, the hobby's top card grading service.

"Also on Friday, investigators from the FBI and the United States Postal Service interviewed a former Mastro Auctions employee who is known to be a "card doctor,"..."




"Also on Friday, investigators from the FBI and the United States Postal Service interviewed a former Mastro Auctions employee who is known to be a "card doctor," somebody who fixes dog-eared corners, removes stains, flattens out creases or takes other steps to improve the appearance of trading cards. Most collectors and dealers consider it unethical to alter cards."

Uh-oh.........


Could that have been the sound of the other shoe dropping Bill?
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