This disgusting POS has spent a small fortune of the COVID relief funds on a needless, nonsensical thing instead of helping himself! The following is just one illustration of how COVID-19 recovery funds can be seriously misused.
There is a Georgia man who has now been charged with fraud after lying on a COVID-19 business relief loan application. The man essentially lied through his teeth about having a business, and then, once he received the 57K in relief funds, he blew the money on one ultra-valuable Pokemon card!
Vinath Oudomsine, of Dublin, Georgia, was the recipient of an “economic injury disaster loan (EIDL)” that is supposed to cover business expenses such as production costs, rent, or payroll. However, instead of using the money to cover his “business” costs, the man blew almost all of it on that Pokemon trading card, according to law enforcement documents.
On Sunday night, the New York Post reported that the prosecutors had accused Oudomsine of falsely applying for the EIDL in July 2020. This man described his business as an enterprise that he started in 2018 that had grown to yearly revenues of $235,000 along with ten employees.
Prosecutors did not describe what type of business that Oudomsine had claimed to own.
Moreover, Oudomsine received nearly $85,000 from the Small Business Administration in August 2020.
Prosecutors did say that Oudomsine had used most of the EIDL loan money to purchase this unnamed Pokemon collectible.
The New York Post said that Oudomsine is facing as much as 20 years in federal prison and up to $250,000 in government fines.
The Coronavirus Aid, Relief, and Economic Security (C.A.R.E.S.) Act was passed by Congress in March 2020. This measure made many more small businesses eligible to receive small business loans.
Of course, none of this should encourage you to lie to Uncle Sam (Yes, yes, I know that Democrats do it all the time, but still…). As a numismatist, I myself would love to have a high-grade collector coin. Either that, or I would love to have a heavy-duty crew cab pickup. However, this doesn’t mean that I am going to fraudulently claim that I run a business just to obtain COVID-19 funds to buy these items. Shame on this man.