PWCC Statement on Recent Card Trimming Concerns

[jlzinck]

Originally Posted by PWCC Marketplace

We are obviously very pissed off that someone has allegedly found our scamming people with the help of Gary Moser. First, we want to apologize (Not really but our lawyers are making us say this) to all those who have been affected by the purchasing of trimmed or altered cards. We are not disappearing or burying our heads in the sand about this, yet we are going to do everything we can to hide damning evidence against us. Next, we are presently working with both PSA and law enforcement (wink, wink) to ensure that all affected cards are brought to light and this information makes its way to our customers(We will send out an e-mail that 99.92% of our mailing list wont read). We understand that we are responsible for our part in this mess(Again lawyers making us say this) and will do all that we can to make it right in connection with Moser-submitted cards (Probably not the ones we bought for him to allegedly alter) as well as other submitters who may have altered cards of which we auctioned (We will just accept their cards from their friends in the future so we can say we did something). We understand how difficult it is to be patient through this process but we are working through this as quickly as we can at the direction of counsel and the appropriate authorities. Finally, in response to these recent findings, we are no longer selling any Moser-submitted cards (Wink, wink again).

We are very sorry (That we got caught) for the trouble that has occurred and will work to regain your trust (Wink, wink x3).

Clarified their response

[HarryLime]

The first rule of Defendant Club is you shut the eff up. The second rule of Defendant Club is YOU SHUT THE EFF UP.

Brent either doesn't have a lawyer or he's using Legal Zoom. Frankly, I love it.

Arthur

[Waderade7]

BGS PSA PWCC and "the trimmers" are all in bed together.

[mjohnatgt]

PWCC, what will happen to all the returned altered cards?

PWCC, do you currently have any submissions at the grading card companies? Do they include cards from any known scammers?

PWCC, will you allow any consignors who would like to remove their consignments to get their cards back without hassle?

PWCC, what percentage of your auctions are shill bid by their owners at your approval, per Betsy's definition of "permissible bidding" in the article where she said you were "aware of Moser"?

What percent of your auctions are won by your the owner? How many don't get paid for? Do you inform VCP, PSA APR, your website, etc that the cards are never paid for?

Or do they become a false sale price to raise the whole market?

PWCC, since PSA is totally incapable of detecting alterations on cards, are you going to stop grading any cards with them? Or will they still allow you to? How about BGS? Are you banned there, or would you never submit to them since they're incapable of detecting alterations?

[gomiamigo]

Fundraising Event
Announcing that PWCC Capital is actively raising funds! Registered members of PWCC may inquire about purchasing a PWCC Capital Note yielding an interest rate of up to 9% APR depending on the note amount. Notes will be sold on a first come, first served basis and a limited amount of notes will be sold. These funds are used by PWCC Capital to offer collateral-backed lending services. Contact PWCC Capital staff for more information.

...On-account funds may also be used to purchase a PWCC Note, which earns interest on a monthly basis. For more information, contact capital@pwccmarketplace.com or 503-680-2201."

Sounds like a potential securities fraud case.

Some lawyer would be more than happy to take 33% of the winnings for what seems like an easy win with all the evidence already provided for him, plus the ability to get testimony under oath in a deposition or trial.

[JLayer]

PWCC-
Why are you still listing & selling cards that may be "modified" in some way without guaranteeing they are 100% authentic and unaltered first since you've admitted your fully aware of these acts?!?

[deansayso]

https://www.oregonlive.com/business/...d-scandal.html


A source outside of the sportscard world has picked up the story.... hopefully they keep digging

[3124508 on COMC]

Originally Posted by deansayso

https://www.oregonlive.com/business/...d-scandal.html


A source outside of the sportscard world has picked up the story.... hopefully they keep digging

Hopefully they keep reporting. We’ll do the digging.

[sirreal1]

It's now the headline story on the front page of The Oregonian.

https://www.oregonlive.com/business/...d-scandal.html

[cardzzz]

Originally Posted by mjohnatgt

PWCC,
How many of your #saltoftheearth employees walked out or didn't report to work today?

LOL I have been waiting for multiple PWCC employees to post within minutes of each other

[JMarchand1981]

Originally Posted by gomiamigo

Fundraising Event
Announcing that PWCC Capital is actively raising funds! Registered members of PWCC may inquire about purchasing a PWCC Capital Note yielding an interest rate of up to 9% APR depending on the note amount. Notes will be sold on a first come, first served basis and a limited amount of notes will be sold. These funds are used by PWCC Capital to offer collateral-backed lending services. Contact PWCC Capital staff for more information.

...On-account funds may also be used to purchase a PWCC Note, which earns interest on a monthly basis. For more information, contact capital@pwccmarketplace.com or 503-680-2201."

Sounds like a potential securities fraud case.

Some lawyer would be more than happy to take 33% of the winnings for what seems like an easy win with all the evidence already provided for him, plus the ability to get testimony under oath in a deposition or trial.

This isn't real, is it??

[3124508 on COMC]

Originally Posted by JMarchand1981

This isn't real, is it??

It is real. PWCC Capital is a registered LLC in the state of Oregon.

[sirreal1]

Originally Posted by 3124508 on COMC

It is real. PWCC Capital is a registered LLC in the state of Oregon.

If predicated on fraud, this would give me the most cause for concern if I were Brent'sy. I'm no lawyer, but securities fraud seems like an easier path to jail than selling altered cards and/or shilling.

[JMarchand1981]

Originally Posted by 3124508 on COMC

It is real. PWCC Capital is a registered LLC in the state of Oregon.

Wtf gtfo


What would I be buying? I'll buy debt on the company so I am higher up on the balance sheet but no way, no how do I want to own a part of a sports card consignment website.

[jlzinck]

Originally Posted by sirreal1

It's now the headline story on the front page of The Oregonian.

https://www.oregonlive.com/business/...d-scandal.html

Page not found

[chezball]

Originally Posted by jlzinck

Page not found

try this
https://www.oregonlive.com/business/...d-scandal.html

[Deadshot]

Originally Posted by sirreal1

If predicated on fraud, this would give me the most cause for concern if I were Brent'sy. I'm no lawyer, but securities fraud seems like an easier path to jail than selling altered cards and/or shilling.

[Vintagecollect]

Originally Posted by sirreal1

If predicated on fraud, this would give me the most cause for concern if I were Brent'sy. I'm no lawyer, but securities fraud seems like an easier path to jail than selling altered cards and/or shilling.

They had to fund the vault, and vault 2 somehow!

[pcptrade]

Originally Posted by deansayso

https://www.oregonlive.com/business/...d-scandal.html


A source outside of the sportscard world has picked up the story.... hopefully they keep digging

It will be interesting to see how this unfolds when PWCC, BGS, PSA and Trimmers all start pointing fingers at each other.

[KhalDrogo]

Originally Posted by gomiamigo

Fundraising Event
Announcing that PWCC Capital is actively raising funds! Registered members of PWCC may inquire about purchasing a PWCC Capital Note yielding an interest rate of up to 9% APR depending on the note amount. Notes will be sold on a first come, first served basis and a limited amount of notes will be sold. These funds are used by PWCC Capital to offer collateral-backed lending services. Contact PWCC Capital staff for more information.

...On-account funds may also be used to purchase a PWCC Note, which earns interest on a monthly basis. For more information, contact capital@pwccmarketplace.com or 503-680-2201."

Sounds like a potential securities fraud case.

Some lawyer would be more than happy to take 33% of the winnings for what seems like an easy win with all the evidence already provided for him, plus the ability to get testimony under oath in a deposition or trial.

I’m going to reach out and see what the APR schedule is. 9% return is incredible!

[ForceChange77]

They gave Rovell a revised statement
Eliminating we messed up part
Company is going to tank the hobby

[KhalDrogo]

Originally Posted by ForceChange77

They gave Rovell a revised statement
Eliminating we messed up part
Company is going to tank the hobby

Other way around. The hobby is going to tank the company.

[Internazionale]

Originally Posted by KhalDrogo

Other way around. The hobby is going to tank the company.

Yeah hopefully these clowns will be done for good. Can't imagine these guys are sleeping good at night anymore. What a joke.

[gomiamigo]

Originally Posted by KhalDrogo

I’m going to reach out and see what the APR schedule is. 9% return is incredible!

See if you can get 10%!

[ldsports]

If anyone here ever again asks "Where is XYZ's answer to all of this? They must have seen it by now." please just read every response after the initial post for the answer.