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Man indicted for fraud after spending $ 57,000 of his Covid credit on a Pokémon card

What the heck ?! The Covid loans were meant to help businesses stay afloat during the worst times of the pandemic. However, for one Georgia resident, most of the money he received – $ 57,000 – went to buy one Pokémon card.

According to the federal prosecutor’s office (via TelegraphVinat Udomsin of Dublin, Georgia, applied for a Disaster Injury Disaster Loan (EIDL) for his small business, which employed ten other people, and had a 12-month gross income of $ 235,000. His application was approved and he received $ 85,000.

But authorities say Udomsin lied about the number of employees at the company and the amount of income it generated. He also said that he spent $ 57,789 of funds to purchase a Pokémon card five months after receiving the money. The prosecutor’s office did not disclose specifically on what expensive card Udomsin danced, but, according to Dice breakerthat amount would make it one of the ten most expensive Pokémon card purchases of all time.

For those wondering, the most expensive Pokémon card ever sold was the 1999 Holographic Charizard (see below), which sold for $ 369,000 in December 2020.

Udomsin was charged with one count of electronic fraud, which carries a maximum sentence of up to 20 years in federal prison and a $ 250,000 fine.

The demand for collectible cards has skyrocketed in 2021. This led Target to briefly suspend sales of Pokémon, MLB, NFL and NBA playing cards earlier this year, while police in Missouri and Illinois are investigating. recent burglaries in in-game stores related to stealing Pokémon and Magic: The Gathering cards.


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