Everything You Should Know about Stamp Bid Rigging
They have been very many cases that have gone viral. Most of these cases have brought a lot of attention and have had a lot of impact in different areas. Bid-rigging is one of the things that has been there. These kinds of cases had a lot of impact. 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. These are companies that made over $5 million illegally over 20 years. They got into practices that were not acceptable and these cause a lot of work challenges. The other thing about these cases is that they were highly criticized especially the people are supposed to take action because they were considered to be very slow. They had serious felony charges. In relation to the stamp bid-rigging, there are specific charges brought against an individual and his company. There were very many prosecutors that were involved in this process. There was a deal that was agreed involving the different prosecutors in this case.
Their own doing was done over many states and in different regions including Britain France and the USA. The company also lost its advertising privileges and it was heavily penalized. In addition to that, the company also pleaded guilty and that is the reason why it was able to strike a bargain with the Justice Department prosecutors. In addition to that, this was one of the biggest companies that dealt with stamps in the world. The process undermined the marketplace and many sellers were affected because of this reason. this is also one of those things that brought a lot of changes. In addition to that, the case also involved they people who are charged acknowledging their participation. The lawsuit came to nearly $1 billion worth of stamps. Considering that this was more than 20 years ago you can be very sure that this was a lot of money by then. They case obviously brought a lot of attention in many different areas.
You have collectors that were able to get the stamps at fair and competitive prices and that is one of the most important things that you’re able to notice today. The collectors were also able to make very many payments and that made it quite easy. 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.