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12/09/2008
"Spanish Enron" Stamp Auctioneer Faces Potential Indictment
That's what Spanish prosecutors would like to see happen to American businessman, Greg Manning. His firm, Greg Manning Auctions International - later renamed Escala, fed low quality, low value stamps into Afinsa Bienes Tangibles, which was the world's third largest auction company before its "no-loss" stamp-investment plan imploded taking down the retirement funds of thousands of Spaniards with it. The Spanish fuzz is looking to add to Mr. Manning's already sizable legal issues by prodding their U.S. counterparts to action. They've already issued a summons for Manning to appear in Spanish court, but lets just say they are not entirely holding their breath.

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