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> Memorabilia dealers plead guilty to selling, counterfeit game-used jerseys

finestkind
post Nov 22 2011, 12:04 PM
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to trading card companies. Charges stem from four-year investigation
BY Michael O'keeffe
NEW YORK DAILY NEWS

Three sports memorabilia dealers accused of selling bogus game-used jerseys to trading card companies and other collectors pleaded guilty to mail fraud on Monday in Illinois federal court.

A statement released by Patrick Fitzgerald, the U.S. Attorney for the Northern District of Illinois, says Bernard Gernay of Howell, N.J., Bradley Horne of Sunset, S.C., and Jarrod Oldridge of Las Vegas acknowledged that they altered jerseys obtained from retail outlets and other sources to make them appear to be used in games by pro athletes, substantially increasing their value.

The charges stem from a four-year investigation into fraud in the sports memorabilia industry that has been conducted by the Chicago FBI and other federal agencies. Executives from some of the most prominent companies in sports memorabilia including Legendary Auctions, Grey Flannel, Professional Sports Authenticators and now-defunct Mastro Auctions have been questioned at sports memorabilia shows in recent years.

Plea agreements filed in federal court on Monday say Gernay, Horne and Oldridge have agreed to provide information to investigators and testify in civil or criminal proceedings which may mean that the dealers will be used by federal prosecutors as witnesses in cases against other memorabilia industry executives.

Sentencing is scheduled for May 2, 2012. The maximum prison sentence for mail fraud is 20 years.

Oldridge is the owner of JO Sports Co., a Las Vegas company that has contracts with the Jets and several other teams to sell jerseys, helmets, game balls and other memorabilia that were used in NFL games.

For the rest of the story click here.

NEW YORK DAILY NEWS
Monday, November 21 2011


Fourth dealer pleads guilty to mail fraud charges 11/25/2011
Sports Collectors Daily.com
11/25/2011

This post has been edited by finestkind: Nov 28 2011, 01:38 AM

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northicehero99
post Nov 22 2011, 12:21 PM
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It would be interesting to know what items were fraudulent and which manufacturers purchased them. Really makes you wonder whether any of the stuff in what you own is real? It also sounds like these guys will testify and probably get reduced sentences for cooperating. I sure as heck hope not. They ought to have to forfeit their assets illegally gained from these sales and those funds ought to be put randomly into packs of cards.



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post Nov 22 2011, 12:28 PM
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QUOTE(northicehero99 @ Nov 22 2011, 06:21 PM)
It would be interesting to know what items were fraudulent and which manufacturers purchased them.  Really makes you wonder whether any of the stuff in what you own is real?  It also sounds like these guys will testify and probably get reduced sentences for cooperating.  I sure as heck hope not.  They ought to have to forfeit their assets illegally gained from these sales and those funds ought to be put randomly into packs of cards.
*


Ditto

I hate stuff like this.. we pay a lot to complete sets or add nice pieces to our collections.. and now Im doubting if anything is real.. and its not like autos are 100% sure.. its a cruel hobby in deed unsure.gif


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finestkind
post Nov 22 2011, 10:42 PM
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QUOTE(northicehero99 @ Nov 22 2011, 12:21 PM)
  They ought to have to forfeit their assets illegally gained from these sales.
*




I'm no lawyer. But I think that would be under the RICO Act. But, it would be nice if they had to pay restitution in a big way some how. cool.gif

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post Nov 22 2011, 11:21 PM
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Been waiting for this shoe to drop for quite some time..knew it would eventually come...especially for vintage players.



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post Nov 23 2011, 08:07 AM
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Gross


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post Nov 23 2011, 05:50 PM
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what players though.. dont you wish it mentioned that.. and to what companies..

How about Topps, UD and Panini give us some full disclosure of what they bought from these fine upstanding folks..


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post Nov 23 2011, 06:28 PM
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One of them was JO Sports part of the problem is teams shipped jerseys to these companies such as JO in a box and didnt say which were game worn and werent so JO got a little ahead of themselves

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finestkind
post Nov 24 2011, 10:11 PM
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For more info on this story click here.


Sports Collectors Daily
11/23/2011

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post Nov 25 2011, 08:17 AM
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QUOTE(finestkind @ Nov 24 2011, 10:11 PM)
For more info on this story click here.
Sports Collectors Daily
11/23/2011
*


That is horrible that collectors might never know. Guess we still might not know either way, but there should be restitution for the collectors who spent hundreds to thousands to millions on packs in hopes of those hits only to find out "possibly" some of them were fake. Our justice system really leaves something to be desired, when people like this can swindle thousands of collectors and get nothing but a few years. Everybody gets a plea bargain deal, nobody serves time, its no wonder people commit crimes, there is no punishment anymore.



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post Nov 25 2011, 09:25 AM
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QUOTE(northicehero99 @ Nov 25 2011, 05:17 AM)
Everybody gets a plea bargain deal, nobody serves time, its no wonder people commit crimes, there is no punishment anymore.
*



Unless you or me did it, and then they would lock us up and throw away the key wink.gif laugh.gif


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post Nov 27 2011, 10:58 PM
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Cojo is still actively selling on facebook and their website



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