Who is Vinath Oudomsine? Here’s what we know about the man who used his covid relief fund on Pokemon card.
Vinath Oudomsine is an American citizen who scammed the government of the United States.
He serves a prison sentence of about 20 years for the committed crimes. The news got the entire world talking about him. The majority of the people online call him stupid. or an idiot. Nonetheless, this news is one of its kind.
And for someone to scheme fraud, not against anyone but the U.S., and use the money obtained to buy a Pokemon card worth $57,789, he probably loves the game too much or has some mental issues. His purchase makes it the tenth most expensive pokemon card of all time.
Who Is Vinath Oudomsine?
Vinath Oudomsine is a resident of the Dublin division of the Southern Part of Georgia, who fraudulently received the COVID-19 relief fund and used it to buy a Pokemon card.
He seems to have lived quite a private life till now, without revealing much about his matters including, his parents, family, educational qualifications, age, and professional background.
Is Vinath Oudomsine Arrested?
The law enforcement authorities charged and probably arrested Vinath Oudomsine for wire fraud. He faces up to 20 years in prison and pays $250 thousand in fines.
A federal law, The Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted in March 2020, was to provide financial support for the people suffering the effects of the pandemic. The United States also sought to provide financial assistance to some eligible businesses.
That Act had authorized Small Business Administration (SBA) to provide Economic Injury Disaster Loans (EIDL) to qualified small businesses. The funds obtained could be used for payroll expenses, production costs, and business obligations including, debts, rents, and mortgage payments.
However, Vinath made false representations to the SBA. On 14 July 2020, he submitted a loan application for a sole proprietorship, which allegedly existed since 2018 and had ten employees. He also mentioned that an amount of $235 thousand was its yearly gross revenue.
About 4 August 2020, the SBA deposited $85 thousand into a bank account under his name. Then on 8 January 2021, he bought an unnamed Pokemon card almost worth $58 thousand from the loan, violating the wire fraud statute.