By Chris Olds | Beckett Sports Card Monthly Editor
A Florida-based dealer pleaded guilty to mail fraud charges in a federal court on Thursday for his role in marketing and selling fraudulent game-used memorabilia.
According to the U.S Department of Justice, Bradley Wells, 31, of St. Petersburg, admitted to obtaining “hundreds of jerseys that were not game-used and then had them altered in order to sell them for a higher price” while working for Authentic Sports Inc. and Historic Auctions LLC, both Florida-based companies, between 2005 and 2009.
He had been indicted on two counts back in October 2011.
According to the plea agreement, Wells and others altered the jerseys by adding marks, patches and other damage to them. The jerseys were then sold to trading card companies, according to the Department of Justice.
The charges carried a maximum penalty of 20 years in prison and a $250,000 fine with Wells’ sentencing to be determined by a U.S. District Court on Dec. 14.
Messages to the major card companies were not returned at the time of the previous pleas for three other dealers.
Chris Olds is the editor of Beckett Sports Card Monthly magazine. Have a comment, question or idea? Send an email to him at firstname.lastname@example.org. Follow him on Twitter by clicking here.