As the latest significant update to this ongoing high profile memorabilia auction house fraud scandal, the lead journalists covering the story for the New York Daily News today reports that William Mastro of Mastro Auctions will be changing his plea to guilty on one fraud count, and will admit that he “altered the world’s most valuable trading card, a Honus Wagner T206 that has fetched millions of dollars in a series of high-profile transactions”. It’s last sale was to Ken Kendrick, the owner of the Arizona Diamondbacks, who paid $2.8 million for the baseball card. Mastro originally purchased the card for $25,000. [Read more…]
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