As per tradition, (see 2007 Year in Review, 2008 Year in Review, 2009 Year in Review, 2010 Year in Review, 2011 Year in Review, 2012 Year in Review, 2013 Year in Review, 2014 Year in Review, 2015 Year in Review, 2016 Year in Review), what follows is an editorial featuring my personal observations and opinions with regards to the business of buying, collecting, selling, and preserving original pop culture artifacts used in film and television productions. A look back at interesting trends, developments, and news stories from 2017. As is always the case, this is a completely subjective exercise, and merely touches on the developments and events that relate to the hobby and art market. [Read more…]
12-Year Prison Sentence for $23 Million Sports Memorabilia Fraud Scheme
As reported in the Chicago Tribune (“Collector given 12 years in prison for selling phony sports memorabilia“), John Rogers of Arkansas received a long sentence following his 45-minute statement to the court asking for leniency, at one point stating “I don’t deserve a break, but I’m asking you for one”. Rogers plead guilty to one count of wire fraud in March. Judge Dirkin said his fraud scheme was “breathtaking” and that Rogers “literally told thousands of lies to honest people to have them part with their money”. [Read more…]
The 10th Annual Original Prop Blog “Year in Review” for 2016: News, Developments, and Trends in Collecting Original TV & Movie Props, Costumes and Pop Culture Memorabilia
As per tradition, (see 2007 Year in Review, 2008 Year in Review, 2009 Year in Review, 2010 Year in Review, 2011 Year in Review, 2012 Year in Review, 2013 Year in Review, 2014 Year in Review, 2015 Year in Review), what follows is an editorial featuring my personal observations and opinions with regards to the business of buying, collecting, selling, and preserving original pop culture artifacts. A look back at interesting trends, developments, and news stories from 2016. As is always the case, this is a completely subjective exercise, and merely touches on the developments and events that relate to the hobby. [Read more…]
Former Mastro Auctions President Doug Allen Sentenced To 57 Months In Federal Prison
As mentioned last week, Federal prosecutors were seeking a four year prison sentence for Doug Allen, the former President of disgraced sports memorabilia auction house Mastro Auctions. U.S. District Judge Ronald Guzman went further than that in the case of shill bidding and fake memorabilia, sentencing Doug Allen to 57 months, a much stiffer sentence than the 20 months co-defendant Bill Mastro is serving. Allen attempted to obstruct the FBI investigation after learning of it, which would seem to have earned him a longer prison sentence. [Read more…]
Daily News Updates Their Ongoing Investigation on Mastro Auctions Fraud Case; Prosecutors Seek Four Year Prison Sentence for Doug Allen
Michael O’Keeffe with the New York Daily News continues to chronicle the ongoing saga surrounding Mastro Auctions and the Justice Department’s prosecution of principals from the sports memorabilia auction house, based on the FBI investigation that began in 2007. Yesterday, prosecutor filed papers with the Chicago federal court seeking a 57 month prison term for former Mastro Auctions president, Doug Allen, as a result of his “outright contempt” for law enforcement. [Read more…]
Vintage Poster Scandal Update: Judge Sentences Kerry Haggard to over 6 years in Federal Prison and Orders to Pay $1,380,000 in Restitution to Victims
This is an update to the ongoing series of articles into various claims and charges of fraud in the posters, one sheets, and lobby cards art market that have rocked the collectibles industry over the past two and a half years. Today, per reports from Forbes, the Wall Street Journal, the Athens Banner-Herald, and other mainstream media sources, Kerry Haggard was sentenced by U.S. District Judge Colleen McMahon to six years and six months in federal prison. The court also ordered to pay restitution in the amount of $1.38 million dollars. [Read more…]
FBI Press Release: “Three Men Plead Guilty to Fraud Involving Sports Memorabilia”
As reported by various mainstream media outlets this week (New York Daily News original report, NY Daily News follow-up, Forbes, WREX-13), several memorabilia dealers plead guilty this week to fraud charges related to the sale of “game worn” sports jerseys. Sentencing is scheduled for May 2012, and each maul fraud charge has a maximum penalty of 20 years in prison and $250,000 fines. Though a different class of memorabilia from television and film, it is always encouraging to see the FBI direct attention to any sort of memorabilia fraud, as it is very prevalent in all collecting areas. [Read more…]