Rare Book Monthly

Articles - December - 2021 Issue

Arrest Made in $1.5 Million Book Fraud Scheme

A Michigan man has been arrested in one of the more amazing book fraud operations we have ever seen. Geoffrey Mark Hays Talsma, 36, of Portage, Michigan, allegedly “borrowed” 14,000 books, valued at $1.5 million, but instead of returning them he sold the books. What is even more amazing is he borrowed all the books from one place without their catching on to the fact he wasn't returning them. Perhaps better security measures are needed.

 

The victim was the behemoth Amazon, or more specifically, Amazon Rentals, a textbook rental service. According to the indictment, Talsma rented the textbooks with no intention of either returning them or paying the buyout price to keep them. Instead, he sold them to local textbook sellers or over the internet. Now Amazon is not so naive as to rent 14,000 books to anyone without any being returned. They have a 15 book limit. So, Talsma would create new fake accounts. Considering the volume of books, he enlisted the help of three others, Gregory Mark Gleesing, age 43, Lovedeep Singh Dhanoa, 25, both from Portage, and Paul Steven Larson, 32, of Kalamazoo, all also named in the indictment. On other occasions, Talsma allegedly claimed he never received his shipments or was setting them off against items that could not be returned, such as those which are inflammable.

 

Talsma also had a scheme to evade Amazon's security requirement for return of the textbooks. He had to provide a credit card number to secure payment of the buyout price if the books were not returned. He would buy MyVanilla Visa cards which did not identify the holder. He would then leave only a small or zero amount of money on those cards. When Amazon went to recover the costs, there was virtually nothing there to pay them.

 

According to the FBI, “If convicted, Talsma faces a maximum term of imprisonment of 20 years for each of the mail and wire fraud offenses; a maximum term of imprisonment of 10 years for interstate transportation of stolen property; and a maximum term of imprisonment of 5 years for making false statements to the FBI. Additionally, if convicted of the aggravated identity theft charges, Talsma will serve a maximum term of imprisonment of four years consecutive to any sentence imposed for the other criminal offenses. Restitution and forfeiture of certain assets obtained with the proceeds of the scheme may also be ordered as a result of a conviction.”

Rare Book Monthly

  • RareBookBuyer.comWe Buy Librairies & Rare Books Nationwide RareBookBuyer.comWe Buy Librairies & Rare Books Nationwide
    RareBookBuyer.com
    We Buy Librairies & Rare Books Nationwide
    RareBookBuyer.com
    We Buy Librairies & Rare Books Nationwide
    RareBookBuyer.com
    Specialized in Purchasing
    Institutional Collections & Deacccessioned Books
    RareBookBuyer.com
    We Buy Librairies & Rare Books Nationwide
    RareBookBuyer.com
    Specialized in Purchasing
    Institutional Collections & Deacccessioned Books
    RareBookBuyer.com
    We Buy Librairies & Rare Books Nationwide
    RareBookBuyer.com
    Specialized in Purchasing
    Institutional Collections & Deacccessioned Books
    RareBookBuyer.com
    We Buy Librairies & Rare Books Nationwide
    RareBookBuyer.com
    Specialized in Purchasing
    Institutional Collections & Deacccessioned Books
    RareBookBuyer.com
    We Buy Librairies & Rare Books Nationwide
  • Sotheby'sFine Books, Manuscripts & MoreAvailable for Immediate Purchase Sotheby'sFine Books, Manuscripts & MoreAvailable for Immediate Purchase
    Sotheby's
    Fine Books, Manuscripts & More
    Available for Immediate Purchase
    Sotheby's
    Fine Books, Manuscripts & More
    Available for Immediate Purchase
    Sotheby’s: William Shakespeare.
    The Poems and Sonnets of William Shakespeare, 1960. 7,210 USD
    Sotheby’s: Charles Dickens.
    A Christmas Carol, First Edition, 1843. 17,500 USD
    Sotheby’s: William Golding.
    Lord of the Flies, First Edition, 1954. 5,400 USD
    Sotheby's
    Fine Books, Manuscripts & More
    Available for Immediate Purchase
    Sotheby’s: Lewis Carroll.
    Through the Looking Glass and What Alice Found There, Inscribed First Edition, 1872. 25,000 USD
    Sotheby’s: J.R.R. Tolkien.
    The Hobbit, First Edition, 1937. 12,000 USD
    Sotheby’s: John Milton.
    Paradise Lost, 1759. 5,400 USD
  • High Bids WinRare Books, Catalogs, Magazinesand Machine ManualsDecember 24 to January 9 High Bids WinRare Books, Catalogs, Magazinesand Machine ManualsDecember 24 to January 9
    High Bids Win
    Rare Books, Catalogs, Magazines
    and Machine Manuals
    December 24 to January 9
    High Bids Win
    Rare Books, Catalogs, Magazines
    and Machine Manuals
    December 24 to January 9
    High Bids Win, Dec. 24 – Jan. 9: Ellis Smith Prints unsigned. 20” by 16”.
    High Bids Win, Dec. 24 – Jan. 9: United typothetae of America presidents. Pictures of 37 UTA presidents 46th annual convention United typothetae of America Cincinnati 1932.
    High Bids Win, Dec. 24 – Jan. 9: Henri de Toulouse-Lautrec signed Paper Impressionism Art Prints. MayMilton 9 1/2” by 13” Reine de Joie 9 1/2” by 13”.
    High Bids Win
    Rare Books, Catalogs, Magazines
    and Machine Manuals
    December 24 to January 9
    High Bids Win, Dec. 24 – Jan. 9: Aberle’ Ballet editions. 108th triumph, American season spring and summer 1944.
    High Bids Win, Dec. 24 – Jan. 9: Puss ‘n Boots. 1994 Charles Perrult All four are signed by Andreas Deja
    High Bids Win, Dec. 24 – Jan. 9: Specimen book of type faces. Job composition department, Philadelphia gazette publishing company .
    High Bids Win
    Rare Books, Catalogs, Magazines
    and Machine Manuals
    December 24 to January 9
    High Bids Win, Dec. 24 – Jan. 9: An exhibit of printed books, Bridwell library.
    High Bids Win, Dec. 24 – Jan. 9: A Connecticut Yankee in King Arthur Court By Mark Twain 1889.
    High Bids Win, Dec. 24 – Jan. 9: 1963 Philadelphia Eagles official program.
    High Bids Win
    Rare Books, Catalogs, Magazines
    and Machine Manuals
    December 24 to January 9
    High Bids Win, Dec. 24 – Jan. 9: 8 - Esquire the magazine for men 1954.
    High Bids Win, Dec. 24 – Jan. 9: The American printer, July 1910.
    High Bids Win, Dec. 24 – Jan. 9: Leaves of grass 1855 by Walt Whitman.

Article Search

Archived Articles

Ask Questions