- A Georgia man spent nearly $ 60,000 in coronavirus relief to buy a Pokémon card.
- The man ended up in prison for using the monetary aid that the government gave him.
- Some Pokémon cards have sold for more than $ 100,000 in the past.
He did just the wrong thing and it turned out very badly. A Georgia man spent nearly $ 60,000 that he had received from the government in aid of the coronavirus crisis to buy a Pokémon card, for which he was arrested and charged by authorities.
Quoting federal prosecutors, NPR reported on Monday, October 25, that the now defendant, who was identified as Vinath Oudomsine, lied in his request for federal aid against the coronavirus and then used most of the money he received to buy a Pokémon card.
Spent nearly $ 60,000 in coronavirus relief to buy a Pokémon card
According to judicial authorities, Vinath Oudomsine made false statements about the number of employees his company had and its gross income when he applied for small business assistance through the so-called CARES Act in July 2020.
The following month, the Small Business Administration deposited $ 85,000 into his bank account. But federal prosecutors said Vinath Oudomsine used most of that money (exactly $ 57.789) to buy a Pokémon card.
He ended up in jail for spending federal aid on a Pokémon card
Those loans, intended for small businesses affected by the coronavirus pandemic, can be used for expenses such as payroll payments, sick leave, production costs, debt, and rent or mortgage payments. But prosecutors said Vinath Oudomsine “unjustly enriched himself.”
According to the NPR report, authorities did not say which Pokémon card Vinath Oudomsine allegedly bought with federal funds, but rare cards from that game franchise have been known to fetch tens or even hundreds of thousands of dollars in resale.
He now faces up to 20 years in prison for lying to buy a Pokémon card
For its part, the newspaper The Telegraph He mentioned that the charge now facing Vinath Oudomsine, of Dublin, Georgia, carries a maximum penalty of up to 20 years in federal prison and a $ 250,000 fine, although the actual sentence is usually much less.
Citing DicebreakerThe Telegraph also commented that the # 1 Trainer Card from the 2002 Pokémon World Championships sold in April for $ 31,200, and a Japanese promo for the 1999 Pokémon Tropical Wind Mega Battle sold for $ 65,100 in October 2020. Extremely rare cards, like the Illustrator Pikachu, have sold for up to $ 195,000.
Millions will receive up to $ 1,100 before October 31
On the other hand, millions of Californians will receive up to $ 1,100 before this October 31, as part of what will be the last round of financial aid from the Golden State Stimulus II, according to local authorities.
For before October 31, the California Franchise Tax Board (CFTB), in charge of the distribution of the checks, expects to have sent most of the payments corresponding to the Golden State Stimulus II either by direct deposit or paper checks.
In this latest round of payments, the CFTB will deliver some 4.5 million checks worth between $ 600 and $ 1,100 each, which could reach the beneficiaries through direct deposits or paper checks, as explained to The Sun.
Before the end of 2021, the Board will have delivered nearly nine million payments in California. The process has been delayed due to limitations on releasing all payments at the same time and other details such as “the state’s ability to validate eligibility, protect against fraud, and issue GSS II payments concurrently with other mandatory disbursements.”
Who will receive the aid?
The Golden State Stimulus II program was implemented to help California’s citizens hardest hit amid the pandemic. That is why everyone who wins less than $ 75,000 a year may qualify for assistance. This would be, according to the governor Gavin newsom, two out of every three Californians.
This money comes from federal funds awarded to California and from a surplus in the state’s economy of $ 75.7 billion. The board has detailed that program beneficiaries could receive assistance through direct deposit or paper check.
How and when will I receive my payment?
If you meet all the requirements, keep in mind that you may be able to get help in the same way that you usually get your tax refunds. “Typically, you will receive this payment through the refund option you selected on your tax return,” the board explains.
In addition, the CFTB said that most of the payments “will be issued between September 1, 2021 and October 31, 2021”, but added that some of these disbursements “may need more time to process to be accurate and complete. ”.
Wait longer for your check
The board in charge of the distribution of the funds indicated that it is possible that money is reflected in the accounts with a few days of delay, while the physical checks could take weeks to arrive at the mailbox of the beneficiaries. “Please allow up to three weeks to receive the paper checks once they are mailed out,” they said.
“If you file your tax return after September 1, 2021, wait until 45 days after your return has been processed,” they added. Also note that paper checks are sent using the last three digits of your zip code.
Requirements to receive the check from Golden State II
In order to benefit from Golden State Stimulus II, you must have filed a complete 2020 tax return by October 15, 2021. Have you already done it? Then check the other requirements below. MORE INFORMATION ABOUT THE PROGRAM.
Applicants will have to meet the following requirements: Have been a resident of the state of California for more than half of the 2020 tax year and within the jurisdiction at the time the payment is issued. Another requirement for eligibility is the gross income in California. Anyone who has declared an adjusted gross income of $ 1 to $ 75,000 dollars in fiscal year 2020 or who has indicated that he received a salary of $ 0 to $ 75,000 in fiscal year 2020 is eligible for this financial aid. For more details visit this note.
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