Thieves Steal $1M in Graded Cards From FedEx Truck at PSA

Business9 hours ago

FedEx left a delivery vehicle unattended for 60 to 90 minutes outside the California headquarters of Professional Sports Authenticator, allowing thieves to steal over 200 packages of sports and Pokémon collectibles. The thieves broke the truck's lock to take the graded slabs, which are valued at nearly $1M, while the driver was away from the facility. The items had already been graded by PSA and were being transported for return delivery to their owners.

PSA is compensating affected customers based on the maximum insured value each person declared before grading. This contractual limit between customers and PSA may not restrict the carrier's obligations; under the Carmack Amendment, interstate motor carriers are generally liable for the actual loss of goods in their care unless they can prove the loss fell under a narrow exception.

Mapped to your portfolio

Possible scenarios

45%Fast Case Resolution-0.0%
25%Organized Theft Ring-0.0%
20%Claims And Security Costs-0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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Thieves Steal $1M in Graded Cards From FedEx Truck at PSA

In this story

FedEx Professional Sports Authenticator California

$FDXFedEx Corp.

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

45%Fast Case Resolution-0.0%
25%Organized Theft Ring-0.0%
20%Claims And Security Costs-0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.