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Auction house exec's obstruction backfired, prosecutors say

Auction house exec's obstruction backfired, prosecutors say

A former executive of one of the country’s biggest sellers of sports memorabilia had agreed to cooperate with federal authorities after he was charged with fraud in 2012 but instead obstructed justice by tipping off an associate to plans by the FBI to raid his home, federal prosecutors revealed Monday.   The disclosure came as Doug Allen, the former president and chief operating officer of Mastro Auctions, pleaded guilty to one count of wire fraud while admitting he took part in a wide-ranging scheme to rig auctions on collectors’ items ranging from purportedly rare baseball cards to a phony lock of Elvis Presley’s hair.   Allen marks the third former...

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