The New York Daily News published a bombshell of a story last week — well, a bombshell to those who love baseball cards — regarding the legendary T206 Honus Wagner. You probably know the card as being once owned by Wayne Gretzky, for being sold for $2.8 million in 2007, and/or for inspiring Dan Gutman’s best book. What you didn’t know is that Bill Mastro, who for decades denied he’d altered the card, has finally admitted to tampering with it before he sold it for $110,000 in 1987.
And that’s not all Mastro is accused of:
Mastro faces up to five years in prison when he is sentenced by U.S. District Court Judge Ronald A. Guzman.
Assistant U.S. Attorney Nancy DePodesta told Guzman Thursday that the government could prove that Mastro had committed numerous acts of fraud between 2002 and 2009, including using auction house employees, other consignors, relatives and a priest to orchestrate a long practice of “shill bidding” — artifically jacking up the price of items in his auction house by allowing others to place fake bids.
Shame on you, Bill Mastro.
[Source: The New York Daily News]