We were not aware that Denver, CO was a hotbed of both methamphetamines and comics speculation, but the two went hand in hand in a huge meth lab that sold pound and pounds of the stuff. 41 people were indicted in what is being called a “massive” and sophisticated operation. Brothers Aaron and Alfonzo Castro were believed to be the ringleaders and they used a comics collection valued at $500,000 to launder their money.
Among the 100 boxes of comics were collectors’ items, including first-edition Batman and Superman comics stored in protective plastic wrapping. Some of the comics were worth thousands of dollars.
“What we are talking about is money laundering — a means to have something of value that can easily be converted to cash but keeps you from having stashes of cash around,” Suthers said.
But given the volatility in the collectible market, one wonders if this was really a wise way to store assets. Too much investment in, say, Deathmate or recent Captain America issues and the whole drug empire could have come tumbling down.