Logan Paul Allegedly Loses Millions In Scam

The YouTubers-turned-pro-boxers Jake and Logan Paul have been consistently grabbing the headlines. It has been noted that Logan was mocked for seemingly getting ripped off on a multi-million Pokémon card sale. Previously Jake Paul was also accused of flexing a fake Richard Mille watch. Logan Paul had previously revealed that he called ambulance after drug problem.

 


 

Logan Paul receives accusations

It is to be noted that Pokémon TCG (Trading Card Game) ephemera is big business nowadays. Beyond the fans who play the game, there’s a whole subset of collectors who seek out first edition cards and rare booster packs — it’s a big enough market to inspire six-figure auction prices a subsection of resale site StockX. Logan is seemingly keen to explore any new investment opportunity.

The 26-year-old swiftly jumped on the NFT craze in early 2021. Then, in early June, Paul was endorsed by emerging auction platform Superbid; he celebrated by wearing a pristine first edition Charizard card as a necklace (price: upwards of $250,000).

Paul is quite aware that there’s demand for rare Pokémon cards. Hence why he apparently paid $3.5 million for six “sealed and authenticated” first edition Pokémon booster boxes a purchase that sent shockwaves throughout the Pokémon TCG community. A single booster box contains dozens of Pokémon card booster packs and these packs each contain a random set of 10 cards apiece. If Paul’s acquisition was the real deal, he’d just acquired hundreds of sought-after first edition Pokémon cards, some of which could be worth hundreds of thousands individually.

Pokébeach’s admin and Rattle investigated Paul’s new acquisitions, digging through the available evidence until concluding that his “Base Set” case “may be fake.”

Pokémon collectors noted that there were too many red flags to ignore and the seller wouldn’t allow anyone to inspect the package before buying. The individual first edition Base Set boxes — not even necessarily sealed — ordinarily rake in over $400k at auction and this “complete collection” of six boxes would’ve been worth over $2.6m if real.

The box was deemed genuine by an authentication service that had little-to-no experience in judging the veracity of Pokémon cards, however. Finally, Pokébeach and Rattle also broke down some technical problems with Paul’s set, ranging from the barcode to even the plastic wrap, which indicates that Paul might have been scammed.

Barry Russell
Barry Russell
A dedicated pro wrestling follower for more than a decade

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