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April 18, 2014, 5:37 am

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Chicago Company Improperly Jacks Up Baseball Card Values in Auction


A major U.S. memorabilia company improperly jacked up auction prices for some baseball cards and sold hair advertised as belonging to Elvis Presley even though its authenticity was in doubt, federal prosecutors said Wednesday.

 

Among the allegations is that the company did not disclose that a rare Honus Wagner baseball card had been altered, a fact which would have lowered its million-dollar auction price.

 

That company, Mastro Auctions of Chicago, is now shut down.

 

Owner William Mastro and two former company executives are facing charges of mail fraud.

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