Disgraced stamp dealer
According to the Gloucestershire Gazette of Dursley,England, "A disgraced stamp dealer conned his fellow philatelists out of thousands of pounds in a bid to rescue his flagging business, a court heard."
Colin Pye, 43, promised clients he could sell their collections on eBay and wrote them post-dated checks - but a crash in the notoriously unpredictable stamp-dealing market meant the stock would not shift.
Pye was given 120 hours of unpaid work after his barrister George Threlfall told a judge: "His name is mud in the stamp world now - you trade on trust in that business."
Let's be careful out there!
To read the entire article, click here.
Colin Pye, 43, promised clients he could sell their collections on eBay and wrote them post-dated checks - but a crash in the notoriously unpredictable stamp-dealing market meant the stock would not shift.
Pye was given 120 hours of unpaid work after his barrister George Threlfall told a judge: "His name is mud in the stamp world now - you trade on trust in that business."
Let's be careful out there!
To read the entire article, click here.
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