New lawsuit accuses PWCC of massive shill bidding

[BobbyVCP]

He did a few bad things but also did a lot of good as well...

[samosa4u]

Was anything ever done during the whole SlabGate scandal ?? Noooope !! And I don't expect anything to happen this time!
Nothing to get excited over, folks!

[jayshum]

Originally Posted by samosa4u

Was anything ever done during the whole SlabGate scandal ?? Noooope !! And I don't expect anything to happen this time!
Nothing to get excited over, folks!

Isn't this a civil case instead of criminal? Isn't it easier to get a favorable judgement in a civil case?

[Peter_Spaeth]

Originally Posted by jayshum

Isn't this a civil case instead of criminal? Isn't it easier to get a favorable judgement in a civil case?

Fraud is subject to a higher standard than the usual civil standard of more likely than not -- typically clear and convincing evidence. But the standard likely won't play that much of a role. Not sure about the second count, I am not familiar with that cause of action.

[parkplace33]

Originally Posted by BobbyVCP

He did a few bad things but also did a lot of good as well...

I think way more bad than good. Hell, they got kicked off EBay!

[BobbyVCP]

Originally Posted by parkplace33

I think way more bad than good. Hell, they got kicked off EBay!

Really you actually believe that is from shill bidding....LOL

[Mark17]

Originally Posted by BobbyVCP

Really you actually believe that is from shill bidding....LOL

Then why?

[BobbyVCP]

Originally Posted by Mark17

Then why?

It is because PWCC started their own auction site that was suppose to be high end only and eBay deemed it as competition...besides the fact that eBay offered to buy PWCC in the area of $200M in stock and it was turned down by Brent...

So because of those issues eBay threw them under the bus and PWCC scrambled to do all their auctions in weekly auction format.

And it would still be owned by Brent for the one little screw up on his part to loan money for card assets in his vault that was mostly basketball and crashing in value...

Then with the shit hitting the fan 2 summers ago he got Fanatics to bail him out and assume all his debt, etc

[Peter_Spaeth]

I presume Alt is getting its information from one or more former employees. It would be very interesting to know how much they really know, how credible they are, whether they have any documentation corroborating their claims, and so forth. One has to assume a reputable lawyer had a good faith basis to bring the claim, but that's a far cry from being able to prove it with credible witnesses and admissible evidence. It also will be interesting how many records Fanatics retained when it took over PWCC.

PS the FBI investigation is irrelevant. This is now a private civil dispute and the issue is, assuming no legal defects that would result in dismissal of the claim, the plaintiff can prove its case.

[Mark17]

Originally Posted by BobbyVCP

It is because PWCC started their own auction site that was suppose to be high end only and eBay deemed it as competition...besides the fact that eBay offered to buy PWCC in the area of $200M in stock and it was turned down by Brent...

So because of those issues eBay threw them under the bus and PWCC scrambled to do all their auctions in weekly auction format.

And it would still be owned by Brent for the one little screw up on his part to loan money for card assets in his vault that was mostly basketball and crashing in value...

Then with the shit hitting the fan 2 summers ago he got Fanatics to bail him out and assume all his debt, etc

So, he went from turning down a $200,000,000 offer to giving it up in lieu of getting bailed out.

One little screw up, indeed.

[Peter_Spaeth]

Originally Posted by Mark17

So, he went from turning down a $200,000,000 offer to giving it up in lieu of getting bailed out.

One little screw up, indeed.

That is the word on the street, except the street where Travis lives lol.

[Peter_Spaeth]

Originally Posted by BobbyVCP

It is because PWCC started their own auction site that was suppose to be high end only and eBay deemed it as competition...besides the fact that eBay offered to buy PWCC in the area of $200M in stock and it was turned down by Brent...

So because of those issues eBay threw them under the bus and PWCC scrambled to do all their auctions in weekly auction format.

And it would still be owned by Brent for the one little screw up on his part to loan money for card assets in his vault that was mostly basketball and crashing in value...

Then with the shit hitting the fan 2 summers ago he got Fanatics to bail him out and assume all his debt, etc

Bobby do you know this to be true or are you assuming this was the real reason? Not meant as cross exam, just curious.

[Johnny630]

The money was made on the undercards in lower grades… many of
those I believe were real sales…people got dupes. Guys loved it…it gave many the perception that their collection was worth way more than they had ever imagined….the illusion put the hobby to new levels.

[G1911]

Originally Posted by ClementeFanOh

"Presented without comment"- except for the FIVE comments after it. Some
people just can't help themselves...

Trent King

net54- the place where some people think that verbosity equates to quality

Originally Posted by Snowman

Lol. Good luck with that, Alt. Idiots gonna idiot.

Anyone want to place a side bet on how this one turns out? Zero chance of Alt winning is my position.

Originally Posted by BobbyVCP

He did a few bad things but also did a lot of good as well...

Originally Posted by Balticfox

You fascist son-of-a-bitch! What the hell is it about INNOCENT until and unless convicted in a court of law that you either don't understand - or simply don't like? It's not only the cornerstone of our legal system but is a fundamental bulwark against the overarching power of the State. Without that fundamental bulwark any and all of us could and would be put away simply because we hold "inconvenient" political views. See the Soviet Union. My own uncle was taken to Siberia where he perished.

Any lawyer who doesn't embrace the principal of INNOCENT until proven guilty wholeheartedly without any ifs, ands or buts should be disbarred immediately.

This thread is going to be a gold mine of intelligent, reasoned takes. We're barely to page 2!