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COVID-relief business loan used to buy a $57,000 Pokémon card, prosecutors in Georgia say

A Georgia man has been charged with illegally spending greater than $57,000 he received in a COVID-19 reduction enterprise mortgage on one thing not for his enterprise — a Pokémon card.

Vinath Oudomsine, of Dublin, Georgia, is charged with wire fraud. Federal prosecutors say he falsely utilized for cash from the Financial Harm Catastrophe Loans — designed to assist small companies experiencing hardship due to the pandemic — on July 14, 2020.

In accordance with court docket paperwork, Oudomsine mentioned he was the only proprietor of a enterprise that introduced in $235,000 in a 12-month span and had 10 workers, and, on Aug. 4, 2020, obtained a deposit of $85,000 into his checking account.

About 5 months later, early final January, Oudomsine spent $57,789 of the COVID reduction cash meant to assist his enterprise on a Pokémon card, in line with prosecutors, who didn’t say in court docket paperwork which one it was. Uncommon Pokémon playing cards have been bought for as a lot as tons of of hundreds of {dollars}.

Oudomsine’s attorneys wouldn’t remark.

Learn extra at USA Today.

 

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