Last Updated on: 25th October 2021, 12:59 pm
Who is Vinath Oudomsine of Georgia, US? Biography, Wiki
Vinath Oudomsine is a Georgian charged with wire fraud charges after spending the bulk of the COVID-19 business loan he lied about on a single Pokémon card valued at $57,789.
Oudomsin was supposed to be using his Economic Disaster Loan (EIDL) to cover business expenses like payroll, production costs, debt, or rent, but instead spent everything on a trading card after lying about his application, according to federal prosecutors. Documents.
Vinath Oudomsine’s Age
His age isn’t cleared yet.
Georgia Man Gave Out COVID Supplies On Pokemon Cards
In July 2020, prosecutors said Oudomsine falsely petitioned ISD, claiming he ran a company established in 2018 with ten employees on his payroll and an annual income of $235,000.
Prosecutors did not say what kind of business he claims to have.
The document states that the Small Business Association deposited $85,000 in a bank account held by Oudomsine in August 2020.
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In January, this prosecutor said he used most of that money to buy the nameless Pokémon card.
Oudomsine faces up to 20 years in federal prison and a fine of up to $250,000.
In March 2020, Congress passed the Coronavirus Relief, Relief, and Economic Security Act [C.A.R.E.S.], which significantly expands companies’ eligibility for small business loans.
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