Sixty search warrants were served, more than two dozen forgers arrested, and a warehouse with ten million dollars worth of fake merchandise was seized. The ring leaders received three years in prison and loss of assets to the IRS. Phil Halpren, the assistant federal attorney who worked to prosecute the forgers, stated that fraud is so pervasive in the sports memorabilia market that unless you personally watch as an athlete signs an item, odds are greater than 50 % that it’s forged.
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