The seller who sold Logan Paul his fake Pokemon cards has now also been refunded for the deal, with the card shop he originally bought them from saying it intends to recover any additional funds for 'anyone who may have improperly profited off this deal'.
The high-end card dealer who sold the cards to Paul - who is known as @shyne150 on Instagram - bought the case for $2.7 million from a shop called Meelypops, which had been hired by cardholder Jacob Taylor to broker the sale.
After Paul, who bought the haul for $3.5 million (£2.6 million), revealed that the cards were in fact fake, @shyne150 released a statement on Instagram to say that he had reimbursed the YouTuber.
He said in a message posted on his Instagram Story: “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.”
And now the dealer says he has received his own money back from Meelypops, saying in a new update: “@shopmeelypops has returned what I understand to be the full amount of the sale proceeds that he received from the transaction.
“I appreciate you moving quickly on this and setting a good example for how things should be handled.”
Meelypops has also released a statement of its own, saying that @shyne150 had been reimbursed ‘immediately’.
The shop said: “Immediately upon receiving confirmation last week that the 1st Edition Pokemon case was fake, I wired all of the funds I received from this transaction to my attorney’s escrow account. I had no knowledge that the case was fake prior to then and all funds I received from this transaction have now been returned to @shyne150 as I promised.
“Through my legal team, I intend to work with @shyne150’s legal team to recover additional funds owed to @shyne150 and Meelypops from anyone who may have improperly profited off of this deal.”
Paul's 2022 had a bit of rocky start when he discovered the 'only known' sealed box of first-edition base set Pokémon cards he bought are fake.
Experts had speculated about the cards' authenticity when Logan, 26, shared the news of his $3.5 million (£2.6 million) purchase on social media on 20 December, 2020.
The pack was thought to be the only known in the world, but one fansite and another YouTuber raised suspicions over doubts that so many cards would go to market at the same time.
The YouTuber finally decided to break open the box in front of experts and found that the individual packs actually contain G.I. Joe trading cards rather than the 'holy grail' of Pokémon cards he had hoped for.
Fansite Pokébeach and YouTuber Rattle recently investigated the source of the decks and decided their authenticity was unlikely, finding the decks had been sold by an eBay vendor based in Canada using a dodgy-looking account without any reviews or feedback.
Rattle and Pokébeach also claimed buyers were unable to inspect the cards before agreeing to a deal.
Base sets can sell for about $400,000 (£296,557) each, according to some reports. But this complete set, which Logan claimed to have bought, was once sold for only $72,000 (£53,380) instead of the $2.6m (£1.93m) Rattle and Pokébeach valued it at.
Topics: Logan Paul
Jess Hardiman