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FTC RULES AGAINST PHOENIX CARD COLLECTIBLE COMPANY
Published March 1, 1995
The FTC acted against a Phoenix-based sports collectible outfit, operating as both the Universal Card Company and All Pro Sports, for "fraudulently telemarketing sports cards" as short- range, "can't-miss investments." For example, the $3,700 investment, the company claimed, would return $6,000 in 3 months (Phil Mushnick, N.Y. POST, 3/1). BASEBALL PUSH: Six major baseball card manufacturers, Donruss, Fleer, Pacific, Pinnacle, Topps and Upper Deck, and reps of the MLBPA and MLB will hold a press conference tomorrow at Mickey Mantle's restaurant in NYC to "show appreciation for baseball fans and collectors" (MLB/MLBPA). The details of the announcement were not made public.