Vintage Sports Authentics CEO Pleads Guity to Mail Fraud

Who doesn't recall the photos and accompanying stories of a dealer being arrested on the show floor of the National Sports Collectors Convention in Chicago in 2011?

Well, that dealer. Vintage Sports Authentics CEO Steven Jensen of Osseo, Minn., pled guilty to mail fraud charges in connection with selling fake game-used jerseys. According to the plea agreement, Jensen, over a four-year period from July 2007 to July 2011, advertised game-worn jerseys for sale on Internet auction sites, knowing that they were not game used.

Sentencing is scheduled for May 29. He could face up to 20 years in prison and a $250,000 fine.