Chris Camillo who runs the channel Dumb Money on YouTube was proud to unbox his haul of rare Pokémon cards. Hoping to invest US$ 375,000, he did a live unboxing of the treasure trove on his channel. It didn’t take much time for him to realise they were fakes.
During the deal he was purchasing the first edition of some very rare Pokémon cards. He had set-up the stage, his money neatly piled in US$ 100 notes sat in a silver briefcase.
He had been on the market lookout for such cards to surface for a long time. They were originally launched in the late 1990s and Camillo believed they would be “a wise long-term investment.” He isn’t the only one willing to shell out thousands of dollars for these cards. Well-known rapper, Logic, recently purchased a single 1999 pristine Charizard card for a whopping US$ 226,000.
Camillo’s potential purchase was a 36 ‘booster packs’ of cards, in a total of 396 individual cards. The sale was made through an unnamed third party who wanted to be paid in cash. Lucky for Camillo the payment wouldn’t be done until the box of treasures was opened. As soon as the box was unsealed, people on the livestream as well as those in the video started to notice some discrepancies.
Jake Greenbaum, who goes on Twitter by JBTheCryptoKing, was the mediator in the deal. He is a celebrity Pokémon card consultant, included YouTuber Logan Paul. The two noticed that instead of the very rare cards they expected, the box was full of common cards, either damaged or useless even in good condition.
The colours gave them away, as some viewers also pointed out. The box also appeared to be resealed. Greenbaum got on the phone immediately and said there’s a big issue, using curses and abuses. Some viewers wondered if it was all a publicity stunt but a report The Guardian said there were no signs suggesting to a PR plot. Experts said such things do happen in the collector world.