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Staffa label chicanery



 
 
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  #1  
Old April 15th 09, 10:23 AM posted to rec.collecting.stamps.discuss
Ryan Davenport
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Posts: 150
Default Staffa label chicanery

Have a look at these fascinating legal synopses of an old tax
shelter fraud case related to Scottish island "stamp" labels (Staffa,
Bernera, Eynhallow, Grunay). The amounts of money supposedly changing
hands is staggering (although it's clear that a very small percentage
involved was actually cash, almost all of it was in promissory notes).
Nearly a thousand stamp sheetlet masters selling for hundreds of
thousands of dollars a piece. Quite the trick, convincing people that
these labels would ever be worth anything remotely approaching the
amounts claimed.

http://cases.justia.com/us-court-of-...94/781/231004/
http://cases.justia.com/us-court-of-...88/385/203651/

The legal details themselves aren't of interest (to me, at least),
but the notion that any of this stuff would ever be worth $160 million
is unbelievable.

Ryan
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  #2  
Old April 15th 09, 01:48 PM posted to rec.collecting.stamps.discuss
Rodney
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Posts: 2,814
Default Staffa label chicanery


Clive Feigenbaum, the former chairman of Stanley Gibbons (SG),


"Ryan Davenport" wrote in message
news
Have a look at these fascinating legal synopses of an old tax shelter
fraud case related to Scottish island "stamp" labels (Staffa, Bernera,
Eynhallow, Grunay). The amounts of money supposedly changing hands is
staggering (although it's clear that a very small percentage involved was
actually cash, almost all of it was in promissory notes). Nearly a
thousand stamp sheetlet masters selling for hundreds of thousands of
dollars a piece. Quite the trick, convincing people that these labels
would ever be worth anything remotely approaching the amounts claimed.

http://cases.justia.com/us-court-of-...94/781/231004/
http://cases.justia.com/us-court-of-...88/385/203651/

The legal details themselves aren't of interest (to me, at least), but
the notion that any of this stuff would ever be worth $160 million is
unbelievable.

Ryan



  #3  
Old April 18th 09, 01:06 AM posted to rec.collecting.stamps.discuss
rodney
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Posts: 883
Default Staffa label chicanery


"rodney"
Clive Feigenbaum, the former chairman of Stanley Gibbons (SG),


More Clive Feigenbaum labels,
Nagaland, India
Tony Mac collects the uglies, but does not collect these
http://cjoint.com/data/etpMkpjlJk.htm

A beautiful young lass from Nagaland.
http://cjoint.com/data/etpPpyecnG.htm

This type of distinctive clothing seems to be consistant
around this latitude, I have seen similar in Northern Thailand
with the Hmong.


 




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