Saturday, October 22, 2022

Apparent fraud in the trading card industry

Darren Rovell on what seems to be a timeless grift and some speculation as to what's going on:

Backyard Breaks is in the business of opening boxes and packs and selling the rights to particular cards in the pack or the pack itself to customers. The company is among the biggest of the groups who do this, breaking on live platforms and making highlights of their biggest pulls.

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Backyard Breaks pulled the No. 1 card in each of Panini’s NBA Flawless, Prizm and National Treasures products.

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Panini gives no odds on receiving any particular card in its boxes and doesn’t even say how many boxes it produces.