Pokémon Card Fraudster Will Spend Three Years In Federal Prison
Last year, federal prosecutors indicted a Georgia man after allegedly lying on a filing for Covid Disaster Loan then turning around and spending it on one Pokemon map. He now pleaded guilty and was sentenced to prison.
As we wrote in 2021:
Vinat Udomsin of Dublin, Georgia, has been accused by federal prosecutors of fraudulently applying for an Economic Injury Injury Loan (EIDL). The man claimed to be in business but reportedly spent most of the money on a rare Pokemon instead of a map.
Because Telegraph reportsAuthorities accuse Udomsin of applying for the loan last year, alleging he ran a small business that employed ten other people. The loans, which were available nationally and led to the government lending over $200 billion to American businesses. Were intended to cover “wages, rent/mortgages, utilities, and other normal business expenses” at the worst months of crisis. pandemic.
He was successful and received $85,000. The only problem was that prosecutors argued that he had no such business and instead spent most of the loan amount – $57,789 – on one person. Pokemon map. He is now charged with wire frau. It found guilty, could spend “up to 20 years in federal prison” and face a $250,000 fine.
Today, the Justice Department announced that Udomsin. “who pleaded guilty to one count of wire fraud,” will spend three years in federal prison, which means no parole. He will then spend three more years on “supervised release” after being released. In addition to the verdict, Udomsin will also have to pay back an $85,000 loan and an additional $10,000 fine.
Although we didn’t know what specific card he spent the money on at the time. The U.S. Attorney’s Office for the Southern District of Georgia has now disclosed that the $57,000 “Charizard” card is because Polygon indicates. It is most likely the card “9.5 gems”.