Executives at what was a major U.S. memorabilia company face fraud charges for allegedly jacking up auction prices of everything from rare baseball cards to purported strands of Elvis Presley's hair.
Mastro Auctions folded several years ago. But in 2008, the Chicago-area firm auctioned off what was then regarded as one of the world's most expensive baseball cards, a Honus Wagner T-206, for $1.6 million.
The indictment announced Wednesday by federal prosecutors names William Mastro and others.
The 59-year-old Palos Park man is accused of failing to disclose he altered the Wagner card by cutting it in a way that would have reduced its value. He also allegedly sold the purported Elvis hair knowing of its doubtful authenticity.
Calls to phone number for Mastro in Palos Park weren't answered Wednesday.
