relief money to allegedly purchase over $55,000 worth of Pokémon cards.
Prosecutors in the Southern District of Georgia accused Vinath Oudomsine of lying on an application for an Economic Injury Disaster Loan , one of a handful of small relief programs overseen by the Small Business Administration during the pandemic. The money was supposed to be used to cover various business and operating expenses, and prosecutors claim that not only did Oudomsine lie on his application, but the money he did receive primarily went towards trading cards anyway.
Lawyers for Oudomsine declined to comment. A representative for prosecutors overseeing the case also declined to comment., prosecutors allege that Oudomsine filed his SBA loan application on July 14, 2020 for a business he claimed had been around since 2018. Oudomsine claimed on the application that he had 10 employees and 12-month gross revenues of $235,000.About a month later, in Aug. 2020, Oudomsine’s EIDL application earned him an $85,000 deposit from the Small Business Administration.
Oudomsine is scheduled to appear in court this Thursday, Oct. 28. The wire fraud charge carries a max sentence of up to 20 years in federal prison and $250,000 in fines.
JustMarilyn7 Wow.
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