Monday, January 17th, 2022

U.S. Employers Allegedly Spent $ 57,789 Covid Relief on Pokemon Cards

Image: Nintendo Life

Over the past few years, we’ve seen a lot of reports and evidence that the rare Pokemon card market has become increasingly volatile and that collectibles have become (in some cases) very valuable speculative investments. rice field. Currently, there are fairly unusual reports of small business owners allegedly tricking the Coronavirus Relief Fund to invest in cards.

This was revealed by a federal prosecution’s online submission stating that an individual in Georgia (USA) applied for SME assistance through the CARES Act (Coronavirus Assistance, Relief and Financial Security) in July 2020. I did. Individuals made “false statements about the number of individuals his company employed and his company’s total income” to claim from the fund-they received $ 85,000.

A fairly unusual part of the document states that an individual “purchased a Pokemon card for $ 57,789 using funds obtained from SBA through false fraudulent expressions.” As we know, some rare cards are sold at the ballpark for a fair amount of money.

Remind us that these are definitely strange times.