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Memorabilia Business Owner Says He Did Sell Fake Heisman

Law360, Chicago (March 6, 2017, 8:36 PM EST) -- The former owner of a sports memorabilia company pled guilty Monday to defrauding investors and financial institutions out of at least $9 million by peddling fake and adulterated items, in one instance by passing off a ceremonial Heisman Trophy as the real thing.

John Rogers, 44, admitted in court to committing fraud by lying to investors in his companies — Sports Card Plus and Rogers Photo Archive LLC — and to financial institutions lending him money in order to keep the businesses afloat. He also admitted that he operated the scheme "for personal gain."

"I knew it was wrong, I did...

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