Ex-Sports Auction House Execs Charged In Fraud Scheme

Law360, Chicago (July 25, 2012, 7:08 PM EDT) -- The owner and two former executives of Mastro Auctions, a defunct auction house dealing in sports memorabilia and other collectibles, are facing charges that they ran a fraud scheme aimed at inflating bid prices, according to an indictment unsealed Wednesday in Illinois federal court.

Former Mastro Auctions owner and CEO William Mastro, 59, was charged with one count of mail fraud, while former President and Chief Operating Officer Doug Allen, 49, and former Vice President Mark Theotikos, 51, were charged with 14 counts and six counts,...
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