My exceptional PWCC pickup.

Goudey77 · #1 05-14-2019, 10:44 PM

Quote:

Originally Posted by calvindog

I spoke to a former IRS agent from the Criminal Investigation Unit today and I explained to him what Brent is doing with his vault. He told me I must have rocks in my head to think that is legal. Notice I am not inserting a winkie emoji, Martin.

May I remind you that this vault is a multi million dollar investment by the company. Probably wise to do research before making assumptions and getting counsel from random professionals on the matter. Because the due diligence has absolutely been done by those with skin in the game.

Peter_Spaeth · #2 05-14-2019, 11:08 PM

Quote:

Originally Posted by Goudey77

May I remind you that this vault is a multi million dollar investment by the company. Probably wise to do research before making assumptions and getting counsel from random professionals on the matter. Because the due diligence has absolutely been done by those with skin in the game.

It's unfortunate a similar level of due diligence was not done with all the consignors PWCC now has to sever ties with (or claim to) to try to save its battered reputation.

calvindog · #3 05-14-2019, 11:08 PM

Quote:

Originally Posted by Goudey77

May I remind you that this vault is a multi million dollar investment by the company. Probably wise to do research before making assumptions and getting counsel from random professionals on the matter. Because the due diligence has absolutely been done by those with skin in the game.

Would it be better if I spoke to a top NY criminal defense attorney?

Peter_Spaeth · #4 05-14-2019, 11:23 PM

Here is the basic contour of the issue from an online source.

Just remember, avoiding the tax at checkout doesn’t mean you’ve avoided it forever. You are liable for use tax if you bring the goods into your state or have them shipped to you. States historically didn’t enforce use tax except against businesses, but that’s changing. Many state income tax forms now collect use tax, and remember, you sign tax returns under penalty of perjury.

I would be surprised if all the cards being shipped to the vault are going to be resold through the marketplace particularly those purchased at record prices. I suspect a high percentage will be shipped from PWCC to their owners.

Peter_Spaeth · #5 05-14-2019, 11:27 PM

Quote:

Originally Posted by calvindog

Would it be better if I spoke to a top NY criminal defense attorney?

Meh, random professional.

Aquarian Sports Cards · #6 05-14-2019, 11:53 PM

Quote:

Originally Posted by Goudey77

May I remind you that this vault is a multi million dollar investment by the company. Probably wise to do research before making assumptions and getting counsel from random professionals on the matter. Because the due diligence has absolutely been done by those with skin in the game.

You now have crossed the line, for me, to sounding like a company shill. I had given you the benefit of the doubt.

pokerplyr80 · #7 05-15-2019, 12:16 AM

Quote:

Originally Posted by Aquarian Sports Cards

You now have crossed the line, for me, to sounding like a company shill. I had given you the benefit of the doubt.

The posts from the guy criticizing the OP for how much he spent on a card crossed the line of what should be acceptable on this forum, in my opinion. The comment you quoted actually sounds accurate. I don't believe they would build the vault without looking into the legality and tax implications.

Aquarian Sports Cards · #8 05-15-2019, 12:22 AM

There's a difference between "I don't believe" and "Because the due diligence has absolutely been done"

calvindog · #9 05-15-2019, 12:26 AM

Quote:

Originally Posted by pokerplyr80

The posts from the guy criticizing the OP for how much he spent on a card crossed the line of what should be acceptable on this forum, in my opinion. The comment you quoted actually sounds accurate. I don't believe they would build the vault without looking into the legality and tax implications.

What about building a business without looking into the legality of conspiring to defraud people by knowingly selling altered cards?

pokerplyr80 · #10 05-15-2019, 01:14 AM

Quote:

Originally Posted by calvindog

What about building a business without looking into the legality of conspiring to defraud people by knowingly selling altered cards?

Those are strong allegations that I haven't seen proof of. If you know something I'm unaware of I'd be interested to hear or see what it is.

And to Scott I don't think it's a stretch to assume due diligence was done.

Aquarian Sports Cards · #11 05-15-2019, 01:31 AM

I agree, I would assume so, but I don't KNOW.

Peter_Spaeth · #12 05-15-2019, 06:32 AM

Quote:

Originally Posted by pokerplyr80

Those are strong allegations that I haven't seen proof of. If you know something I'm unaware of I'd be interested to hear or see what it is.

And to Scott I don't think it's a stretch to assume due diligence was done.

Have you read all the threads on Blowout identifying specific altered cards, and PWCC's own statement here that they will now "cease" doing business with card doctors? What is the necessary implication of that statement?

Edited to add 93 more today
https://www.blowoutforums.com/showthread.php?t=1293843

pokerplyr80 · #13 05-15-2019, 01:37 PM

Quote:

Originally Posted by Peter_Spaeth

Have you read all the threads on Blowout identifying specific altered cards, and PWCC's own statement here that they will now "cease" doing business with card doctors? What is the necessary implication of that statement?

Edited to add 93 more today
https://www.blowoutforums.com/showthread.php?t=1293843

Not all, I don't go to blowout often. I didn't see any evidence that pwcc knowingly sold altered cards there though. I don't think refusing to accept consignments from known or suspected card doctors will change much.

Hey jack, send this card in to pwcc for me. They banned my name or address. Not a hard thing to get around.

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