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Prosecutors: Man used COVID loan to buy $57,000 Pokemon card

pokemon trading cards
Posted at 3:40 PM, Oct 24, 2021
and last updated 2021-10-24 16:40:27-04

DUBLIN, Ga. (AP) — 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 Telegraph reports that defense lawyers issued a statement declining to talk about the case.

Rare Pokemon cards can sell for thousands of dollars. Collectors have been bidding up pricesfor trading cards, video games and other mementos.

Dublin, a city of about 16,000 people, is located about 130 miles (209kms) southeast of Atlanta.