Vinath Oudomsine, from Dublin, Georgia, has been accused by federal prosecutors of fraudulently making use of for a an Economic Injury Disaster Loan (EIDL). The man claimed to be operating a enterprise, however reportedly spent many of the cash on a uncommon Pokémon card as a substitute.
As The Telegraph report, Oudomsine is accused by authorities of making use of for the mortgage final 12 months, claiming that he was operating a small enterprise that employed ten different individuals. The loans, which had been obtainable nationally and resulted within the authorities lending over $200 billion to American companies, had been designed to assist cowl the prices of “payroll, lease/mortgage, utilities, and different odd enterprise bills” in the course of the worst months of the pandemic.
He was profitable and was given $85,000. Only drawback was that prosecutors allege he had no such enterprise, and as a substitute spent the majority of the mortgage quantity—$57,789—on a single Pokémon Card. He has now been charged with wire fraud, and if discovered responsible may very well be spending “as much as 20 years in federal jail”, and would additionally face a $250,000 fantastic.
In case you’re questioning, the precise identification of the cardboard was not disclosed by prosecutors, however that type of determine places it in illustrious firm; going by our personal checklist printed in July this could make it the tenth most costly Pokémon card buy of all time, pricier than the $45,100 spent in December 2020 on Ex Deoxys GOLD STAR HOLO Rayquaza #107.
Maybe this man is a life-long Pokémon fan, noticed his probability to get the cardboard of his goals and took it. Or, given the actual fact he’s accused of wire fraud by federal authorities and we’re at present dwelling via an age the place each speculative market is in unsustainable overdrive, perhaps he simply learn one too many tales about how “priceless” these playing cards are and figured he’d get in on the motion.