I have recently discovered this board and the CU board. I've read a ton of posts on both and have learned quite a bit about the graded card market and industry. (I collected cards seriously for years as a kid, but haven't done much in the last 8 years or so.)

I have one question: What exactly was the WIWAG scandal?

There are a million messages that mention it, but none really explain it. So, if you could give me the thirty second rundown, I'd appreciate it.