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<p>[QUOTE="rick, post: 113642, member: 1235"]I don't know speedy... In my opinion, SGS satisfies the definition of fraud by example. While it's true that grading is subjective, I think there is a clear line between subjective and deceptive.</p><p> </p><p>When someone intentionally mocks up a grading service to create a perception of trust and legitimacy, when it clearly does not exist in reality, I think that's fraud.</p><p> </p><p>As far as law suits and what not, I could not agree with you more - it would probably be throwing good money after bad. But eventually it will happen, and this guy will have to answer for his actions.</p><p> </p><p>A number of 'firms' were taken down in the 80's for this very same practice of deception in sales - what boils down to selling overstated coins at multiple times their true market value. Point is, you can't wrong people for a living, and think you are exempt from the possible backlash.[/QUOTE]</p><p><br /></p>
[QUOTE="rick, post: 113642, member: 1235"]I don't know speedy... In my opinion, SGS satisfies the definition of fraud by example. While it's true that grading is subjective, I think there is a clear line between subjective and deceptive. When someone intentionally mocks up a grading service to create a perception of trust and legitimacy, when it clearly does not exist in reality, I think that's fraud. As far as law suits and what not, I could not agree with you more - it would probably be throwing good money after bad. But eventually it will happen, and this guy will have to answer for his actions. A number of 'firms' were taken down in the 80's for this very same practice of deception in sales - what boils down to selling overstated coins at multiple times their true market value. Point is, you can't wrong people for a living, and think you are exempt from the possible backlash.[/QUOTE]
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