Man Spent Fraudulent Covid Loan on $ 57,000 Pokémon Card

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A screenshot from the Pokemon animated series.

Screenshot: Pokemon

Vinath Oudomsine, of Dublin, Georgia, has been accused by federal prosecutors of fraudulently applying for an Economic Disaster Loan (EIDL). The man claimed to run a business, but reportedly spent most of the money on a rare Pokemon card instead.

As The telegraph reportOudomsine is accused by authorities of applying for the loan last year, claiming he ran a small business that employed ten other people. The loans, which were available nationwide and enabled the government to lend more than $ 200 billion to US businesses, were designed to help cover the costs of “payroll, rent / mortgage, utilities and other routine business expenses ”during the worst months of the pandemic.

He was successful and received $ 85,000. The only problem was that prosecutors alleged that he did not have such a business and instead spent most of the loan amount – $ 57,789 – on one. Pokemon Menu. He has now been charged with wire fraud and if convicted he could spend “up to 20 years in federal prison” and face a fine of $ 250,000 as well.

In case you were wondering, the exact identity of the card has not been disclosed by prosecutors, but this kind of figure puts it in illustrious company; by following our own list published in July that would make it the tenth more expensive Pokemon all-time card purchase, more expensive than the $ 45,100 spent in December 2020 on Ex Deoxys GOLD STAR HOLO Rayquaza # 107.

Maybe this guy is a life Pokemon fan, saw his chance to get his dream card and grabbed it. Or, given that he is accused of wire fraud by the federal authorities and that we currently live in an age where every speculative market is in unsustainable overdrive, maybe he just read one too many story about “value. “of these cards and I thought he would get in on the action.


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