PSA’s president, Steve Sloan, issued a response today to the Recent Trimmed Card Fiasco. Here is the post issued on the PSA Message Board.
“PSA is aware of recent hobby message board activity and is conducting its own investigation into the matter.
We take consumer protection seriously, as evidenced by the thousands of altered and counterfeit cards that we reject each year, our on-going investments in grading and holder technology, and long track record of working with law enforcement to eliminate fraud from the hobby.
PSA processes more than two million cards each year and will not let isolated acts from a few dishonest actors deter consumer confidence in our brand. We will act against anyone who violates PSA’s Terms & Conditions by knowingly submitting altered cards for authentication and grading. While our actions will be conducted privately, please know that the impact will be felt by those attempting to mislead collectors for personal profit.
As with any financial transaction, if you are unsatisfied with your purchase, contact the seller to initiate a refund request. If the seller is unknown, you may send the card to PSA for review under our Financial Guarantee of Grade and Authenticity.
PSA is well-versed in combating fraud and we have addressed these issues in a professional and direct way for nearly thirty years. After all these years, our hobby is stronger than ever. Rest assured that PSA will not let the actions of a few have any lingering impact on the hobby or the PSA brand.