One man used his Covid Business loan to purchase a $57.789 Pokemon Card: Feds

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According to the feds, a Georgian man purchased a $57.789 Pokemon card with most of his Covid loan. a court document.  

Vinath Oudomsine is accused of using his small-business loan to purchase the single Pokémon card, Washington Post reported. Washington Post reported that his federal aid was overpaid by the card’s high cost.

Prosecutors said Oudomsine falsely applied for the Economic Injury Disaster Loan (EIDL) in July 2020, saying that he had operated a small business since 2018 with ten employees on his payroll and had yearly revenues of $235,000 for his small business in Dublin, Georgia, New York Post reported.

The court document stated that the Small Business Association had deposited $85,000 to Oudomsine’s account one month after Oudomsine filed the August 2020 paperwork. New York Post reported that just months later, prosecutors stated in January 2021, that he had used the money to purchase the high-priced Pokemon card.

He faces a single count of wire fraud.

According to court records, Oudomsine has not entered a plea.