Logan Paul loses $3.5 million on fake Pokémon Card boxes
Last week speculation that Logan Paul’s first-edition Pokémon Cards were inauthentic ran rampant. Well, the controversial YouTuber confirmed Thursday that the cards are indeed fake.
As we reported on Jan. 5, Paul spent $3.5 million on what he thought was several first-edition booster boxes for the Pokémon Trading Card Game. The fine folks over at PokéBeach put together a lengthy post detailing why the cards were probably fake, prompting Paul to have them verified by the Baseball Card Exchange (BBCE) in Chicago.
It turns out the booster boxes didn’t contain Pokémon Cards at all.
A new video on Paul’s YouTube channel reveals the boxes were, in truth, full of G.I. Joe trading cards. Check it out for yourself below.
Paul is, understandably, not happy about getting tricked. He bought the cards from fellow collector Matt Allen, who initially purchased the booster boxes for $2.7 million.
In the video, Allen states he wouldn’t have picked the cards up had the BBCE not already verified them — which the company did. PokéBeach’s report, however, made note that the BBCE was not all that experienced when it comes to identifying genuine Pokémon Cards. It wasn’t until a slew of collectible G.I. Joe cards spilled out of the booster boxes that everybody knew they’d been bamboozled.
Written by Kyle Campbell on behalf of GLHF.