If you buy cards purchased via Fraud?

mrmint23

If you buy cards from someone on the internet that committed fraud in order to get those cards can the police take the cards from you?

otwcards

<< <i>If you buy cards from someone on the internet that committed fraud in order to get those cards can the police take the cards from you? >>



If they are stolen property, title (ownership) cannot be rightfully transferred.

yankeeno7

I had a buddy who owned a store about 15 years ago. He bought a beautiful 53 Bowman Color set. Three days later the police come in and he told them what he bought from the person. They took the set and he lost his money. Never was able to get it back. I dont know if he took the guy to court to get his money back or not.

mrmint23

So if someone was dumping high dollar cards for far less than cost, there is a chance the police could come get the cards. If fraud or if the card was acquired via an illegal act.

MBMiller25

For christ's sake man, give it a rest.

Your obsession with this guy is absurd, and everyone is over the constant back and forth. You made your point, be the bigger person and move on.

You owe me at least one beer at the national for having to read through that back and $hit.

yankeeno7

I suppose that would have to depend on if other fraud is committed. No one will be arrested for dumping cards and losing money. Just as an example, if someone was committing credit card fraud, it would have to be flagged and watched carefully by the credit card company. Sometimes that takes a long time for them to build their case....unless of course someone was using stolen credit cards or identity theft then when they are caught, that can be some big time trouble.

mrmint23

<< <i>For christ's sake man, give it a rest.

Your obsession with this guy is absurd, and everyone is over the constant back and forth. You made your point, be the bigger person and move on.

You owe me at least one beer at the national for having to read through that back and $hit. >>



Deal probably owe you a case.

thunderdan

Lol. I think we will all be blitzed soon enough.

cpamike

<< <i>Lol. I think we will all be blitzed soon enough. >>



+1

Hank36

It depends on the fraud. Fraud in the factum (theft) results in void title, which may not transfer at all. Fraud in the inducement (fraud as to some terms of the transaction) can result in voidable title, and voidable title, when transfered, may sometimes become good title upon a second transfer in good faith. As fraud is a recurring problem in the collectibles market, title research and other precautions taken by dealers are likely a common practice within the industry, and a successful claim of voidable title would seem unlikely--valid voidable title claims are more likely to arise in transactions involving automobiles, or machinery--items that are leased as well as consigned. More to the point--a transaction in which a buyer purchases something despite suspecting that the seller obtained the item illegally, is not a good-faith purchaser for value, also making a voidable title defense unlikely.

Now--are the police going to come and take away cards under such circumstances? It depends on state law, but if a judge rules that you must return the item and you don't, then the police certainly will.

The case that springs into mind are the Louisville Slugger contracts that Barry Halper apparently bought in good faith, but turned out to have been stolen. Did Louisville Slugger get the contracts back? I'd have to assume that they did--Halper might have bought them in good faith, but his only claim is against the man he bought them from, and on up the chain to the thief. Again, the general idea is that once the contracts were stolen, all of the subsequent transactions were void, as the original seller/thief did not transfer a good title to the first buyer, and void title can never become good title through subsequent transactions.