Bill Mastro's upcoming sentencing

[Leon]

Originally Posted by Peter_Spaeth

Pretty hard to calculate and administer in a case like this with so many bidders oand so many lots over so many years, I would imagine.

5 million dollar lifetime fine split over everyone that bid, just like a class action that has been awarded *(in layperson terms).....that is a start.

[Peter_Spaeth]

Originally Posted by Leon

5 million dollar lifetime fine split over everyone that bid, just like a class action that has been awarded *(in layperson terms).....that is a start.

In a class action, to collect you typically have to submit a proof of claim. There is a whole administrative process. And there's no way every lot was shilled such that every bidder would have a claim.

[Peter_Spaeth]

Plus, he never would have plea bargained if it included a mutli million dollar award, is my guess.

[calvindog]

Originally Posted by Peter_Spaeth

Plus, he never would have plea bargained if it included a mutli million dollar award, is my guess.

I disagree completely. What was he going to do, go to trial?

But before we go back into pontificating about the ills of the legal system, can we again focus on the following:

if you wish to tell the judge your thoughts on Bill Mastro, good or bad, you should write to the judge because you will have no other opportunity to be heard on this matter. Complaining on Net 54 does not move the ball forward.

[Peter_Spaeth]

Originally Posted by calvindog

I disagree completely. What was he going to do, go to trial?

You are closer to it than I am fair enough, but why then didn't the prosecution insist on restitution?

[PM770]

Originally Posted by Peter_Spaeth

You are closer to it than I am fair enough, but why then didn't the prosecution insist on restitution?

Maybe the prosecutor got a gift in the mail.

[Leon]

Originally Posted by Peter_Spaeth

In a class action, to collect you typically have to submit a proof of claim. There is a whole administrative process. And there's no way every lot was shilled such that every bidder would have a claim.

You said no way, I gave a way. He is proven (I believe) to have shilled. My restitution may not be perfect but it seems better than what is being done.

[Peter_Spaeth]

Originally Posted by Leon

You said no way, I gave a way. He is proven (I believe) to have shilled. My restitution may not be perfect but it seems better than what is being done.

Well yes he shilled but that does not mean every lot was shilled. So many bidders may not have been damaged at all.

[Leon]

Originally Posted by Peter_Spaeth

Well yes he shilled but that does not mean every lot was shilled. So many bidders may not have been damaged at all.

And we will never know as so many records were destroyed by them. I believe that makes my solution more equitable. It's something ..

[Peter_Spaeth]

Originally Posted by Leon

And we will never know as so many records were destroyed by them. I believe that makes my solution more equitable. It's something ..

It certainly would be interesting to know why the prosecution, with all the leverage it must have had, agreed to a deal with no money.

[calvindog]

I'm lost. Are you two discussing a fantasy restitution plan which will never be implemented?

[1952boyntoncollector]

Man all I got from Mastro recently was junk wax boxes from the 1990s..where do I send the sentencing recommendation too again?