Georgia man buys $57,000 Pokemon card with COVID-19 loan, prosecutors allege
Rare Pokemon cards can sell for thousands of dollars
Federal prosecutors say a Georgia man used a pandemic relief loan to buy a $57,000 Pokemon card.
Court records show a Dublin man is charged with lying on an application for a pandemic economic relief loan about the number of people his business employed and the company’s gross revenue. He faces one count of wire fraud.
The court filing said he received $85,000 in August of last year, and used the money to buy a Pokemon card for $57,789.
The background of Pokemon trading cards. (iStock)
The Telegraph reports that defense lawyers issued a statement declining to talk about the case.
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Rare Pokemon cards can sell for thousands of dollars. Collectors have been bidding up prices for trading cards, video games and other mementos.
Dublin, a city of about 16,000 people, is located about 130 miles southeast of Atlanta.