Auction Info
Two Spanish companies, Afinsa and Forum Filatelico, are accused of swindling almost 350,000 Spanish investors out of more than €5 million through pyramid-style schemes.

European stamp dealers, collectors and investors are waiting anxiously to see whether the scandal will cause long-term damage to the international stamp market, worth an estimated $13 billion a year.

A source at the Universal Postal Union in Switzerland told Britain’s The Times that a global fall in the price of collectible stamps, for the first time since the 1980s, was probable.

Posted: 05|16|06 at 7:22 am. Filed under: UK News.