I have written about multi-million dollar retro game sales by Wata before. At the time, Karl Jobst, Wired magazine, and other sites like Kotaku have written about the business models that have lead to extremely questionable multi-million dollar sales of vintage video games by companies like Wata.

Well, it turns out someone has noticed and now there is a lawsuit. One can only hope Wata and these sorts of schemes get busted for any criminal wrongdoing they seem very highly likely to have committed.

If you care at all about collectors markets like retro video games, I highly suggest you read up on grading, auction, and fractional sales operations like Wata and their partners.