Not only is someone willing to spend $3.5 million on Pokemon cards, there are people who have followed this box from its first appearance, got into the spergy details of how these things are authenticated, tracked who bought what when, decoded the barcodes for the products, etc.
Logan got scammed out of $3.5 million on some rare Pokémon cards:
The box was gutted and refilled with GI Joe cards. A company that specializes in reviewing vintage trading cards, the Baseball Card Exchange (BBCE), was initially brought in some time ago to verify if the boxes seemed legit, which they believed to be the case at the time. Though after further speculation, they opened the box to reveal the contents being a total sham.
Unsurprisingly, the BBCE's reputation took a massive hit from this massive blunder. It's a really bad look to say the least, considering their business was all about verifying expensive cards for collectors to purchase.
They tried to address the fallout on Twitter, though it hasn't gone over very well, considering various Pokémon nerds debunked the box's authenticity from their own rooms while an "expert" miserably failed to verify it in-person:
Assuming this was the same guy, Logan's "card dealer" has been called out in the past for being super sketchy with some of the deals he's made in the past. This was not the first time this guy has sold a tampered box to some interested collectors.
I recommend reading through this short thread from last year for some additional context:
A paycheck and the assumption that it wouldn't really effect them much in the long run. I'll admit that I'm not familiar with the situation at all, but the video felt very Kardashian.
Agreed, I can only hope that this kills the sheer levels of scalping that the modern TCG has been experiencing since late August 2020. I actually LIKE to see TCG products in stores again instead of seeing empty shelves, signs saying that customers are limited to a certain number of products per person, and distributors not being scared shitless of stocking products due to the amount people screaming obscenities at 'em for not stocking a certain product at that particular time.
>buys cards off of ebay
>acts surprised when they're fake
fucking retard lmao
How did this even get past BBCE? Is there any chance that this is a case much like the Game Collecting scene?
It got probably passed them since their specialty is sports cards and they more than likely didn't have the proper info to debunk an "old" case of TCG booster boxes.
They authenticated the cards long before Jake Paul was involved, it was just common knowledge among pokedweebs that they fucked it up. The fact that the packs couldn't be opened without tanking the value stopped anyone from proving it for sure, though. They were worth more unopened, real or fake. Jake was just the first person willing to actually open them and prove that BBCE fucked it up. BBCE definitely wasn't in on any conspiracy with Jake Paul - they just incompetently authenticated a box of cards that were visibly not authentic to anyone who cared enough.
My personal theory is that word on the cards being fake was out to the extent that their value had plummeted low enough (500K?) that Jake had no problem buying them regardless of their authenticity. Either he'd have made a decent investment or get a bunch of content and publicity from people stumbling over themselves to call him a retard. Jake is going to claim that he was ripped off or whatever, but it was no secret that these cards were probably fake.
Logan got scammed out of $3.5 million on some rare Pokémon cards:
The box was gutted and refilled with GI Joe cards. A company that specializes in reviewing vintage trading cards, the Baseball Card Exchange (BBCE), was initially brought in some time ago to verify if the boxes seemed legit, which they believed to be the case at the time. Though after further speculation, they opened the box to reveal the contents being a total sham.
Unsurprisingly, the BBCE's reputation took a massive hit from this massive blunder. It's a really bad look to say the least, considering their business was all about verifying expensive cards for collectors to purchase.
They tried to address the fallout on Twitter, though it hasn't gone over very well, considering various Pokémon nerds debunked the box's authenticity from their own rooms while an "expert" miserably failed to verify it in-person:
Assuming this was the same guy, Logan's "card dealer" has been called out in the past for being super sketchy with some of the deals he's made in the past. This was not the first time this guy has sold a tampered box to some interested collectors.
I recommend reading through this short thread from last year for some additional context:
On second thought that pretty much goes without saying. People go to prison for committing high stakes collectibles fraud. It was the seller's responsibility to refund and eat the losses from buying a fraudulent item in the first place or face Johnny Law.
It's really remarkable that someone in the Baseball Card Grading market would fuck up this badly.
All that money could have been spent raising a family and giving something your grandkids could live off of. And this guy spends it on children’s trading cards.
All that money could have been spent raising a family and giving something your grandkids could live off of. And this guy spends it on children’s trading cards.
You guys are missing the point, the fact of the matter is he spent 3.5 million dollars for GI Joe cards, thats fucking hilarious. Literally could've been anything else filling up those boxes but of all things its GI Joe cards
What sort of ridiculous 30 year old coomer would spend that kind of money on Pokemon cards. Good job to whoever pulled off the scam, enjoy your windfall.
Hopefully this will also lead to another lawsuit, those are always fun.
Couldn't he just preemptively opened the box and replaced the content and then did a "we got scammed!" video for drama? From the little I heard of him he doesn't sound like a guy who thinks that far ahead
Why is this featured? Do people really care about how this guy mismanages his money? like to the point of sadistic joy at his stupid blunders. Kiwifarms seems like it's always walking the tightrope of obsessive weirdoes and just having a good time laughing at "exceptional individuals"
