Quote:
Originally Posted by Cardboard Junkie
I am the one who could be naive. A man buys a card (graded) cracks it out then cleans, trims, colors, doctors, whatever to it then resubmits it (remaining silent) and it gets a higher grade....then he sells it for a big profit. Has he done anything illegal? Unethical perhaps, but I don't know what law he is breaking. Help me understand.
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It's fraud. I don't know the legal definition of fraud, but dictionary.com defines it as "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage." I'd think the legal definition would be similar, and that pretty much describes what is being done with the cards in these situations.