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Florida man accused of buying Lamborghini with COVID-19 relief funds
Federal prosecutors say 29-year-old David Hines also made purchases at luxury stores and resorts in Miami Beach.
Loans meant to help businesses get through the COVID-19 pandemic ended up in the pockets of a Florida man who used the money to buy a 2020 Lamborghini, prosecutors allege.
David Hines, of Miami, tried to get $13.5 million in Paycheck Protection Program, or PPP, loans through applications sent to an insured financial institution on behalf of several companies, according to a Department of Justice news release.
The 29-year-old reportedly made several false and misleading statements about the companies' payroll expenses and ended up with $3.9 million in loans.
Within days, prosecutors said Hines used the money to buy a $318,000 Lamborghini Huracan. He, too, allegedly didn't make payroll payments that he claimed on loan applications but did go out to luxury stores and resorts in Miami Beach to make a few purchases.
Authorities seized $3.4 million in Hines' bank accounts and the Lamborghini at the time of his arrest, the release states.
Loans meant to help businesses get through the COVID-19 pandemic ended up in the pockets of a Florida man who used the money to buy a 2020 Lamborghini, prosecutors allege.
David Hines, of Miami, tried to get $13.5 million in Paycheck Protection Program, or PPP, loans through applications sent to an insured financial institution on behalf of several companies, according to a Department of Justice news release.
The 29-year-old reportedly made several false and misleading statements about the companies' payroll expenses and ended up with $3.9 million in loans.
Within days, prosecutors said Hines used the money to buy a $318,000 Lamborghini Huracan. He, too, allegedly didn't make payroll payments that he claimed on loan applications but did go out to luxury stores and resorts in Miami Beach to make a few purchases.
Authorities seized $3.4 million in Hines' bank accounts and the Lamborghini at the time of his arrest, the release states.
https://www.wtsp.com/article/news/crime/florida-man-accused-of-buying-lamborghini-with-coronavirus-relief-funds/67-8b661238-d6ed-4a8b-ab52-bf1a8694485d?fbclid=IwAR1a7RRMn2ZFTfFdEiOtQMJ76pKcI_jKXp5fVfRwPifg20qYUeRoNB3nLxM
13 replies
= new reply since forum marked as read
= new reply since forum marked as read
must have learned those tricks somewhere!
