A Georgia man purchased a $58,000 Pokemon trading card using his COVID-19 relief loan


Love is blind. It can also be irrational, illogical, and not necessarily with a human. How else does one explain the act of using a pandemic relief loan to buy a $57,000 Pokémon card? It actually happened. A Georgia man, Vinath Oudomsine, is penalized for wire fraud after spending most of his COVID-19 business relief loan on a fixation. The Economic Injury Disaster Loan [EIDL] was issued to meet business expenses such as payroll, production costs, debts, or rent. The man in question not only blew the money for a completely unrelated purpose, but he also made up a fake business and lied on his application of running it since 2018.

In the application, he mentioned he employs ten people, which demands annual revenues of $235,000. While details of his business remain unrevealed, a document released does clarify The Small Business Association deposited $85,000 into a bank account belonging to Oudomsine in August of 2020. Of that amount, he used more than half to buy a trading card and that too the pricey Pokémon card for $57,789. No doubt, these cards are quite the rage and can fetch hundreds of thousands of dollars. Obviously, to pocket the cash, you need to buy the card through legitimate ways too.

Also read -  Amidst the lockdown the French police turned away a private jet full of ultra-wealthy holidaymakers back to London - They had rented a luxury villa in Cannes

Next shark reveals, the charge against Oudomsine, filed in the Southern District of Georgia, carries a maximum 20-year prison sentence and fines up to $250,000. He could either pay the $250,000 fine or buy the most expensive “Pokémon “Pikachu Illustrator” Trainer Promo Hologram Trading Card, sold for $233,000 instead. Just saying.

Also read -  This Japanese city razed more than 800,000 gorgeous tulips in full bloom to stop Instagrammers from gathering amidst the Coronavirus pandemic

[Via: New York Post]

Tags from the story
,
Written By
With over 15 years of experience in luxury journalism, Neha Tandon Sharma is a notable senior writer at Luxurylaunches. Her expertise spans luxury yachts, high-end fashion, and celebrity culture. Beyond writing, her passion for fantasy series is evident. Beginning with articles on women-centric gadgets, she's now a leading voice in luxury, with a fondness for opulent superyachts. To date, her portfolio boasts more than 2 million words, often penned alongside a cappuccino.