Georgia man used COVID-19 relief loan to purchase $57,000 Pokemon card
Federal prosecutors said a Georgia man used a COVID-19 relief loan to purchase a Pokemon card worth more than $57,000, according to The Associated Press.
Authorities arrested and charged Vinath Oudomsine of Dublin, Georgia Tuesday on one count of wire fraud, The Telegraph reported.
Court records indicated that the man lied on his Economic Injury Disaster Loan (EIDL) application about the number of people his business employed and his company’s gross revenue, according to the Telegraph.
Oudomsine received $85,000 in August 2020, using the money to buy the Pokemon card for $57,789, according to AP.
Rare Pokemon cards can sell for thousands of dollars as collectors have been driving up the market for trading cards, video games, and other valuable mementos, the AP reported.
Oudomsine could face up to 20 years in federal prison and $25,000 in fines if convicted, the Telegraph reported.
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