Over time, they have been quite a lot of cases that have been viral. These cases have been big and have had a lot of impact. Bid-rigging is one of the things that has been there. These are cases that have brought a lot of attention. The presence of stamp bid-rigging cases has been one of the issues. The case involves seven stamp dealers that was food in a civil action lawsuit by the attorneys general of three states. For over 20 years, these stamp dealers made over $5 million illegally. They entered into practices that are not acceptable. The people who are supposed to take action were considered to be slow in their actions. These are people who have very serious felony charges that were brought against them. Specifically, there are finally charges that were brought against a specific individual and his company. There were very many prosecutors that were involved in this process. However, they were able to reach a deal involving the different prosecutors.
According to the details of the case, was done over very many different states. There was also an American society that lies to the company and suspended the advertising privileges. They were able to create a deal because they created a bargain with the justice prosecutors. Being one of the biggest companies that dealt with stamps in the world, it is a company that had a lot of impact. In addition to that, you’ll also realize that this can adequately see practices that affected sellers and are not mine to the marketplace. There are also very many charges that were brought in this case. They however acknowledged their participation in the different from practices. The lawsuit came to nearly $1 billion worth of stamps. this was absolutely a lot of money because it was more than 20 years ago. They case obviously brought a lot of attention in many different areas.
The reason why they entered into their own deals is because the auction stamp lots eliminated competition and it gives the rights of collector to obtain stamps at fair and competitive prices. All the different collectors also had a lot of impact because they were able to make payments. In the end, the case was poorly handled and the right people are penalized. There is a lot of information that you can learn when it comes to this especially when you go to the Earl Apfelbaum platform.