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Why did Logan Paul spend $3.5 million on fake Pokemon cards?

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Why did Logan Paul spend $3.5 million on fake Pokemon cards?

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Known to be a troll by those who follow him on social media, Logan Paul seems to have turned the tables against him. The YouTube star, a well-known Pokémon card collector, recently discovered he’s spent millions on fake card sets.

In December, Paul spent $3.5 million on what he thought was a first edition Pokemon booster box, a rare find for Pokemon fans. It was the most anyone had spent on cards. PokeBeach, the ultimate trading card fan site, didn’t initially report on the news because they were skeptical about buying it. PokeBeach would go into more detail regarding the sale of the case, which prompted Paul to do some additional research.

In a video on his YouTube page, Paul confirmed that what he purchased were not first edition Pokémon cards. Turns out there were no Pokemon cards in the package at all, just GI Joe trading cards. In the video, he talks about buying the case from a collector named Matt Allen, who originally bought it for $2.7 million. Whoever Matt bought it from reportedly had an inconsistent story. This is after the Baseball Card Exchange initially verified the matter.

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The BBCE accepted the case based on the sealing of the packaging and the label. In Chicago, Paul, Matt and the BBCE opened the package on video after something felt. Inside they found the GI Joe cards.

The lawsuit against legitimacy

PokeBeach went into more detail regarding the sale of the case. He said the BBCE isn’t very experienced with Pokémon cards. Baseball Card Exchange owner and authenticator Steve Hart discussed the topic of Pokémon cards in June 2020, via email correspondence shared on PokeBeach, confirming this report.

The case was also flipped at various times, initially having a value of $72,500. The way the price changed, as well as the movement of the deal, did not seem to have been done correctly. Unlike the initial video, PokeBeach discussed the product code and packaging barcodes which ultimately went to Paul. A specific product code is used when it comes to base sets. PokeBeach continued with the idea that the band of the packaging is very different from that of trading card cases. That seemed enough for Paul to do some of his own research.

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The BBCE has since responded to the revelation, saying that when it initially examined the package it was checked to be untouched. The company will now reevaluate its authentication process.

“We have authenticated tens of thousands of sealed card products for nearly 20 years and have meticulously developed a structure and framework to provide our expert opinion. We are reassessing our approach to all sealed cases going forward. We have also decided to stop reviewing Pokémon or Yu-Gi-Oh! cases or boxes until we evaluate and revise our processes to prevent this from happening again in the future.

What now for Logan Paul?

Paul is proud to be a huge Pokemon fan. He wore a rare Charizard card as a necklace when he boxed Floyd Mayweather in 2021. He is now down to $3.5 million and will seek to right a wrong done to him.

For now, Paul is focused on promoting his sports energy drink business. Paul can make money from his video content, among other businesses. It won’t be the same for him, however.

“I’m a super positive person, bro, and I’ll always be the one to see the bright side,” Paul said in the video. “And I try, but it’s very difficult.”



Why did Logan Paul spend $3.5 million on fake Pokemon cards?

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