A business owner in Georgia has been charged by the Feds for blowing most of his $85,000 COVID relief loan on a single Pokémon trading card. Investigators say the first-edition collectable cost almost $58,000.
According to prosecutors the guy inflated the number of people he employed and the gross income of his company’s SBA Economic Injury Disaster Loans application. The loan was approved and deposited into his bank account last August. But instead of using the money for it’s intended use, he spent it on the rare Pokémon card.
The guy now faces jail time of up to 20 years for wire fraud and a max fine of $250,000. Even better, if convicted the federal government will take that Pokémon card.
