Logan Paul Reveals He Was Duped into Buying $3.5M of Fake Pokemon Cards

Scott Polacek@@ScottPolacekFeatured Columnist IVJanuary 14, 2022

Noam Galai/Getty Images

YouTube star and occasional boxer Logan Paul revealed during a video that he lost $3.5 million on fake Pokemon cards.

Darren Rovell of Action Network provided more context, calling it "one of the biggest cases of trading card fraud."

Paul bought what he thought was a case of first edition Pokemon cards that would have been worth millions. However, Rovell noted the cards, which were sold to Paul by card dealer Matt Allen, were worth $359.

Allen, who bought the case after cardholder Jacob Taylor hired Meelypops trading card shop to broker the $2.7 million sale, released a statement: "I have reimbursed Logan his 3.5 (million dollars) 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 of it turns into a drawn out scenario."

While Paul is best known for his YouTube videos, he lost by split decision to fellow YouTuber KSI in a boxing match.

He also faced boxing great Floyd Mayweather in an exhibition.

Paul's brother, Jake, is undefeated in his own boxing career and defeated MMA fighter Tyron Woodley multiple times.       

Video Play Button
Videos you might like

The latest in the sports world, emailed daily.