Let's welcome Charlie Barokas to the Billion Dollar Fraud!

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#11

01-27-2020, 12:21 AM

Mark17

M@rk S@tterstr0m

Member

Join Date: Aug 2011

Location: Minnesota

Posts: 2,354

Quote:

Originally Posted by Tabe

Start with the Gretzky Wagner card - that card has been sold and re-sold multiple times for millions of dollars. That's a pretty good head start towards a billion.

The folks who bought that card then sold it for a profit didn't suffer any loss from the trim job.

When prices for doctored cards with high grades are increasing, the people who bought and sold them, generally, are not suffering financial loss. The full impact of the fraud won't be felt unless/until the value of the doctored/overgraded cards collapse.

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