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Originally Posted by rngrdanny22
I have, but I think folks need to put the pitchforks down for a moment and think this through. No matter the small amount of money PSA could possibly make on this scheme, it's nothing compared the amount they would lose by destroying their reputation by purposely committing fraud.
I'm sure they (PSA, the company) are not purposely coordinating efforts with these bad actors. However, I'm fully convinced an employee(s) must be in on it. If the company in general had a "let this scammer perpetrate his crime" policy, it would have come out years ago by ex-employees. No, this is going to be someone(s) with the ability to ensure submissions by a single entity are treated differently than the rest. It could be a low-level employee all the way up the chain, but I highly doubt this is a situation where everyone in the company is in on the scheme. They will likely find those involved, and they will act accordingly.
While a punch to the face, grading companies needed something like this to happen to elicit the change needed in the industry. I anticipate their eventual press release about the topic will include a rundown of their investigation, a high-level summary of the action taken, and changes that they are going to make to prevent this situation from occurring again in the future. A couple things I hope comes out of all this are tighter controls on card size and better tracking of serially-numbered cards.
To put the future of grading in perspective, let's take a look at other major corporate failures of recent past. Consumers have a very short memory when it comes to things like this.
A.) Target leaked debit card info for 40 million people. People still shop at Target.
B.) Wells Fargo created fake accounts for customers to meet sales quotas. People still bank at Wells Fargo.
C.) Facebook leaked info on 87 million users to Cambridge Analytica. People still use Facebook.
To close, the work performed by the members here is fantastic! It needed to be brought to light, and now that it has work can be done to move the hobby forward. One step back, two steps forward.
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A. I don't shop @ Target Period
B. Wells Fargo is the biggest fraud bank of all time. I would never bank there
F Wells Fargo PERIOD
C. I don't use anymore Facebook PERIOD
D I don't buy from known scammer Brent Mastro PERIOD
E I Don't buy Baseball cards (leaning very heavily right now to never buying another card.
I have integrity in business and I don't use other companies for anything who don't. I do agree with the rest of you post, however.