A Colorado man was charged in connection to a scheme that involved selling fake sports trading cards and receiving authentic cards in return.
According to the Department of Justice, the Eastern District of New York, an 80-year-old man was taken into custody in Denver for defrauding enthusiasts of sports trading cards. This scheme, which authorities describe as “far-reaching” and spanned many years, was reported by the Department of Justice.
Between April 2015 and July 2019, the man made more than $800,000. He also conspired with others to sell counterfeit cards, including 1986 Fleer Michael Jordan rookie cards. After being graded a 10/10 from Beckett Grading Services, one of these cards was sold for $100,000 in 2011.
In exchange for counterfeits, he received more than $800,000.
According to the FBI, the man “defrauded collectors of sports memorabilia of more than $800,000. He intentionally misrepresented the authenticity of trading cards he was selling when they were fake.”
“The FBI remains committed to investigating fraud at all levels and bringing the subjects who engage in it to justice,” said FBI Assistant…
