Dealer/Embezzler Pays His Victims Back With eBay Proceeds
Derek Klein, 58, who was jailed for 16 months in September 2007, sold his collection of 100,000 first day covers and stamps on eBay to repay his victims.
According to the article, at his trial, "The prosecution had wanted to arrange a bulk sale of the stamps which would have raised an estimated £25,000 but Klein – who, the court heard, was one of the country’s top stamp dealers – had said that he could make four times that amount if he broke up the collection and sold it off on eBay."
Klein’s collection of stamps is believed to have contained tens of thousands of first-day covers, including stamps marking England’s 1966 soccer World Cup win, the Silver Jubilee of George V and the silver wedding of George VI.
Shown above, Derek Klein.
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