Man Spends His Covid Loan on Expensive Pokémon Card

  • Elijah Martin
  • 27 Oct 2021

While this may sound like being made up, the story is true and the main hero may face spending many years in prison. Vinath Oudomsine from Georgia has been charged with fraud, as he received a loan that was supposed to help his business during the pandemic, but he purchased an expensive Pokémon card instead.

Last year, in the wake of the pandemic, the man claimed that he needed financial help running his business and applied for an Economic Injury Disaster Loan. Oudomsine provided information that he had a small business with ten employees. The purpose of the loans was to provide help with business expenses, such as salaries to employees, utilities, rent, and such, during the difficult times of the COVID-19 pandemic. As a result of his fraudulent claims, the man received $85,000 and spent a large portion of the sum, $57,789, on buying one Pokémon card. According to the authorities, he has been charged with fraud and may have to be imprisoned for up to 20 years and pay off a fine of $250,000.

Prosecutors have not mentioned which exact Pokémon card was purchased, but its price is on the list of the most expensive Pokémon cards ever sold. It’s also unclear whether the man was such a dedicated fan of the franchise or he simply saw it as a good investment. Regardless of his reasons, the situation doesn’t look great for him at the moment. The latest well-known purchase of an expensive card took place at the end of last year with Ex Deoxys GOLD STAR HOLO Rayquaza #107 being sold for $45,100. It’s interesting to see how high the prices for Pokémon cards may go up in the future.

What do you think about this unusual purchase? Tell us your thoughts on this news in the comments below!

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