Quote:
Originally Posted by jerrys
The document I referred to was not meant for the public but for the FBI report. The FBI have difference criteria for evidence that is applied which enables them to prove a dollar loss amount to set a sentencing for a crime. Their files must be 100% complete and accurate, not up for interpretation and favorable to the defendant. Yes Eric the actual dollar amount is much higher than stated. And again, this only is for the period 2007 to 2009.
My point of the post was that non-Mastro employee consignors of lots in those auctions found a partner to shill bid his/her lots. These partners are just as guilty of fraud as the Mastro family but have escaped exposure or penalty.
|
I have seen some of the governments calculations on the Exhibits and they are not only incorrect,they are blatantly stupid. Far from 100% accurate as you imagine.
A couple shill bids placed for $100 each at an early level with frequent bidding, and then a final shill of $500 placed when the price was 5x higher, was calculated as a $700 loss when the first 2 bids clearly had no effect. But even worse calculation was when a single shill was placed early and the item sold for much higher, they said the loss was the full amount paid. I believe one item that sold for $4,800 was identified as a $4,500 loss to the victim.
I’m not trying to minimize the crime, and certainly the missing years are important, but mis-stating the numbers raises doubt. They didn’t need to inflate them.