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According to federal investigators, an 82-year-old Colorado man ran an elaborate scheme of counterfeit sports cards, defrauding collectors to the tune of more than $800,000 over several years.
According to Tuesday’s complaint, pristine — but fake — Michael Jordan cards were among those that Mayo Gilbert McNeil, of Denver, exchanged for thousands of dollars or valuable real cards.
McNeil was arrested on Wednesday, with the wire fraud charges he faces bringing potential prison time of up to 20 years.
The complaint said that between April 2015 and July 2019, McNeil made trades online with the help of an unnamed co-conspirator, sometimes using a fake ID and multiple email accounts to obscure his identity.
To make the fakes convincing, the feds say that McNeil got hold of the plastic holders and specialist grading labels used by a prominent collectors’ authentication company.
Among the cards he faked was a 1986 Fleer Michael Jordan rookie card, falsely graded “10 out of 10” for quality, prosecutors said — exchanging one for $4,500 and other similar cards for two valuable Tom Brady cards.
That Michael Jordan card is described on PSA’s website as “the most important modern card from any sport in the entire hobby.”
The card grading company said a mint-condition version recently sold for $130,102, adding that it is “the most heavily counterfeited card in the hobby.”
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An 82-year-old man duped collectors into Spending eight hundred thousand dollars On fake PSA 10 graded Michael Jordan Rookie cards and is now facing up to 20 Years in prison how the heck did this Happen and what happened if you guys are New to the Hobby that's probably what a Lot of you are thinking how the heck did This happen so evidently Mayo Gilbert McNeil his name is Mayo which to me that Would have been a red flag uh no offense To the guys out there named Mayo but Mayo is accused of putting fake Jordan Rookie cards inside a plastic case Essentially I'm not going to call it a PSA case because it's not it's a plastic Case and used these fake Michael Jordan PSA 10 labels how the heck did he do This well let's look further into what He did well he denies doing anything Wrong in the first place even though he Used a fake identity in the transactions An 82 year old Colorado man ran an Elaborate scheme in counterfeit sports Cards defrauding collectors to the tune Of more than eight hundred thousand over Several years