Jon here's a link to an article about the fraud.
As it was explained to me, a gun buyer at a Cabela's store purchased a great many guns at prices grossly inflated from his partners.
[url]
http://www.nwitimes.com/news/local/article_22ecb481-4b2f-5f5f-9564-604ab7cc8ed2.html[/url]
There's more to this scam than what's in the article (as always I guess), and Cabela's has sound reasons for their methods of dilution and the timeliness of the price adjustments.
The most obvious one is they don't want to write down a couple million dollars of theft over one store, in one reporting period. The method of recognition may be questionable to some accountants, but there is some latitude possible. In that unless the individual gun within a collection was assigned an individual purchase price, rather than a bulk price for the group, it can be argued that the last gun sold of the lot was the one fraudulently priced at purchase.
I don't expect the gunroom people at a Cabela's to know more than the people here. They make these guns easily available to us because our heirs don't want them, or we need the money. I'm glad they provide and support an international marketplace for us play in.
And I'm saddened that criminals infiltrated their ranks, and stole from us as a community, whether from the grieving widow, the college student that needed tuition, or the employer that relied on their integrity.
I don't work there, or for them, I'm just a regular customer at about 10 of their stores. Many of their gun room people are nervous to say the least.
