Aussie Man Flips Coins to Buy Michael Jordan Basketball Cards

Aussie Man Flips Coins to Buy Michael Jordan Basketball Cards


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Although Michael Jordan has long been the trendsetter in the hobby world, one man's overzealous attempt at collecting the legend's cards has resulted in jail time. A man in Melbourne, Australia was recently sentenced to prison for 42 months (a minimum of 17 months) for his role in stealing hundreds of thousands of dollars in rare and valuable coins to fund his obsession with basketball cards.

As reported by the Herald Sun and The Age, Marcus Loricchiella worked at a specialty coin show, Downies Coins, and used his position there to steal at least $537,000 in coins over a three-year period and sell them on eBay. Loricchiella used a significant part of that money in his quest for Michael Jordan basketball cards, ending up with a collection worth approximately $100,000. He also used money to furnish his home and take trips to New Zealand and Fiji.

Loricchiella did not take full responsibility for the theft, which he believed to be worth only half of the actual amount he was convicted of taking. He claimed that his stealing ways stemmed from an undiagnosed mental issue in which he took from others to buy something that gave him comfort. This "comfort stealing" was a result of a relationship gone sour that brought on a period of depression.

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Unfortunately, there was no word about which Jordan cards he had in his possession but it is safe to assume that some amazing cards comprised his $100K collection.

Top eBay Listings

1994-1995 EMOTION MICHAEL JORDAN Graded Card Becket 9.5 with 10 Centering
$30.00

1992 Summer Olympics NBC Official Viewers Media Guide with Michael Jordan
$17.50

Champion Washington Wizards Michael Jordan Basketball Jersey L Youth (JR)
$17.99

1999-2000 Michael Jordan Master Collection Mj Jumbo Final Floor Auto 23 Bulls
$1,500.00

1995 Sports Heroes - Feats and Facts Sheet, Michael Jordan
$1.99

1999 Upper Deck Michael Jordan Gatorade #MJ3 Michael Jordan
$6.00

1999 Upper Deck Michael Jordan Gatorade #MJ6 Michael Jordan
$5.00

MICHAEL JORDAN 1995-96 Upper Deck LICENSED Chicago Bulls un-signed 8x10 photo
$4.89
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Trey Treutel is an Ole Miss grad and a lifelong sports fanatic. He is a huge fan of the NBA and NFL, as well as soccer, college basketball and college football. As a kid, he collected football and basketball cards. In more recent years he started collecting basketball cards again on a whim and has since expanded to other sports and entertainment options. Find Trey on Twitter at @datreute or Google+.

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