Ballwin Man Indicted In Mastro Auction Fraud Case
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ST. LOUIS (KMOX)-A Ballwin man is accused of lying to FBI agents investigating the Chicago based auction company that sold, among other things, the most expensive baseball card ever put up for bid.
Prosecutors say 63-year-old William Boehm was Mastro Auction’s information technology director. He’s charged with one count of making false statements to FBI Agents.
Three other Mastro executives, WIlliam Mastro, Doug Allen and Mark Theotikos are accused of rigging auctions, by not selling items to the highest bidders, allowing consignors to bid on their own items and implementing reserves after saying the company didn’t use them.
Prosecutors also allege that before selling the Honus Wagner T-206 card for $1.2 million last April, Mastro cut the sides of it, which would have greatly reduced its value. They also accuse Mastro and Allen of causing the sale of certain items knowing their authenticity and condition were misrepresented to customers, including purported hair of Elvis Presley and a purported 1869 Cincinnati Red Stockings trophy baseball.