Logan Paul Gets A $3.5 Million Refund After Buying Fake Pokemon Cards

When he's not having questionable exhibition matches against Floyd Mayweather, Logan Paul can be seen dropping ludicrous amounts of money on Pokemon cards. He was excited about owning an entire case of first edition cards with the possibility of having 11 first edition Charizard cards in it. Unfortunately – as suspected by TCG aficionados – the case turned out to be filled with old G.I. Joe cards instead. In the latest development of the story, Paul seems to have gotten his $3.5 million back.

The "biggest fraud in the history of Pokemon", as it was called, was brought to light when – amidst constant speculation – Paul decided to open up the box along with Shyne, the person who sold him the cards. To their dismay, instead of 11 first edition Charizards they hit a couple of Roadblocks as the case was filled with 1991 G.I. Joe trading cards.

As pointed out by Dexerto, upon realizing that the case was fake, Shyne refunded the $3.5 million to Paul. “Upon opening the 1st Edition BBCE authenticated Pokemon case, we noticed that the boxes inside looked off, and sadly, the case was fake," he said via his Instagram Stories. "Logan Paul and I are grateful to Rattle and the Pokemon community for exposing this fraudulent case now before it was transacted any further."

“I have reimbursed Logan his 3.5 [million], however, we will see how quickly I am made whole from the sellers who brought it to me already authenticated in the coming days or if it turns into a drawn-out scenario.”

Shyne will now be going after the party who sold him the case as well as the original seller. “I’m encouraged by my legal team that Meelypops has agreed through his counsel to escrow the proceeds he received from the sale while we work to recover the rest of my funds from Card Kahuna,” he said in a follow-up post.

Pokemon TCG scams have been on the rise, and considering the large amounts of money that have been changing hands, these things are inevitable. To be fair though, G.I. Joe trading cards do sound pretty cool.

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