Mastro and Allen Indicted

Runscott · #1 07-26-2012, 06:27 PM

I don't see how PSA can avoid it, but Peter and Jeff should have insights.

calvindog · #2 07-26-2012, 06:35 PM

I don't have any personal knowledge but I suspect Joe Orlando gave all the info he has on this issue to the prosecutors. And if any of it was valuable he most likely testified in the grand jury. At some point the full truth wil come out which is good for us, not so good for Doug and Bill.

Peter_Spaeth · #3 07-26-2012, 06:35 PM

Quote:

Originally Posted by Runscott

I don't see how PSA can avoid it, but Peter and Jeff should have insights.

PSA may just play ostrich, that has worked for them before. Surely it can't admit it knowingly slabbed a trimmed card, but the alternative -- saying it made a mistake on the first and most important card it ever graded -- isn't very palatable either.

I suppose it could try to distance itself from Bill Hughes, claim that it never would have condoned what he did if it had known the card was trimmed, and emphasize that Hughes only was at PSA a short time.

I suppose it depends in part on Bill's story, assuming he tells it. If he implicates David Hall, that doesn't create very much wiggle room.

calvindog · #4 07-26-2012, 06:38 PM

I suspect Joe told the Feds the truth about card -- I don't believe he's been charged with lying to a federal officer. I suspect Joe is praying this case doesn't go to trial.

Peter_Spaeth · #5 07-26-2012, 06:43 PM

Quote:

Originally Posted by calvindog

I suspect Joe told the Feds the truth about card -- I don't believe he's been charged with lying to a federal officer. I suspect Joe is praying this case doesn't go to trial.

Whether it does or not PSA has a public relations issue on their hands. They can keep talk off the CU board, but that won't be enough, especially with the National coming up, etc.

calvindog · #6 07-26-2012, 06:46 PM

I think you forget you're talking about Joe Orlando. He'd rather eat thumbtacks than tell the truth publicly about that card. In a grand jury under oath? Different story.

T206DK · #7 07-27-2012, 06:23 AM

Quote:

Originally Posted by calvindog

I think you forget you're talking about Joe Orlando. He'd rather eat thumbtacks than tell the truth publicly about that card. In a grand jury under oath? Different story.

Doesn't Orlando have a law degree ?

Peter_Spaeth · #8 07-27-2012, 06:48 AM

Quote:

Originally Posted by T206DK

Doesn't Orlando have a law degree ?

yes

Jay Wolt · #9 07-26-2012, 06:50 PM

The Wagner was the 1st card PSA graded. I wonder how many current employees (Incl Joe O.) were even at PSA?
So I doub't anyone has 1st hand knowledge of the slabbing.
So perhaps the feds need to talk to Hughes, Rochhi or anyone that was working there 15 years ago or so.

calvindog · #10 07-26-2012, 06:55 PM

Just because he doesn't have first-hand knowledge of what happened with the card doesn't mean he's unaware of what occurred. It would be nice for PSA to tell the truth about it publicly. Eventually it will come out and eventually the present owner might want compensation.

e107collector · #11 07-26-2012, 07:05 PM

Quote:

Originally Posted by calvindog

Just because he doesn't have first-hand knowledge of what happened with the card doesn't mean he's unaware of what occurred. It would be nice for PSA to tell the truth about it publicly. Eventually it will come out and eventually the present owner might want compensation.

Jeff,

Do you know how a situation like that may be handled? If Ken wants his money back for the card, and PSA gives it to him, does he have to turn the card over to PSA at that point? Does he get the money and keep the card?
Just curious.

Tony

T206DK · #12 07-27-2012, 06:24 AM

Quote:

Originally Posted by calvindog

Just because he doesn't have first-hand knowledge of what happened with the card doesn't mean he's unaware of what occurred. It would be nice for PSA to tell the truth about it publicly. Eventually it will come out and eventually the present owner might want compensation.

Jeff, do you think any of the prior owners have legal recourse ?

Peter_Spaeth · #13 07-26-2012, 06:57 PM

Quote:

Originally Posted by Jay Wolt

The Wagner was the 1st card PSA graded. I wonder how many current employees (Incl Joe O.) were even at PSA?
So I doub't anyone has 1st hand knowledge of the slabbing.
So perhaps the feds need to talk to Hughes, Rochhi or anyone that was working there 15 years ago or so.

I think Steve Rocchi came later, as did Mike Baker and Joe. Probably David Hall is the only holdover.

T206DK · #14 07-27-2012, 06:22 AM

Quote:

Originally Posted by Peter_Spaeth

Whether it does or not PSA has a public relations issue on their hands. They can keep talk off the CU board, but that won't be enough, especially with the National coming up, etc.

this story will be the talk of the National !

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