Florida man fraudulently obtained $3.9 million in PPP loans and used some of it to buy Lamborghini,

[Judi Lynn]

Source: The Hill

Florida man fraudulently obtained $3.9 million in PPP loans and used some of it to buy Lamborghini, feds say
Aris Folley 6 hrs ago


David Hines, 29, of Miami, was charged with one count of bank fraud, one count of making false statements to a financial institution and one count of engaging in transactions in unlawful proceeds, the Department of Justice (DOJ) announced in a press release on Monday.

The office said a complaint filed against he man alleges he fraudulently obtained $3.9 million in PPP loans, which were intended to help support small businesses and other organizations hit by the COVID-19 pandemic, after initially seeking roughly $13.5 million in PPP loans "through applications to an insured financial institution on behalf of different companies."

"The complaint alleges that Hines caused to be submitted fraudulent loan applications that made numerous false and misleading statements about the companies' respective payroll expenses. The financial institution approved and funded approximately $3.9 million in loans," the office stated.

After being approved for a fraction of the amount by a financial institution, he allegedly spent roughly $318,000 on a 2020 Lamborghini Huracan sports car and registered the vehicle in his name and the name of one of his companies.

Read more: https://www.msn.com/en-us/news/crime/florida-man-fraudulently-obtained-dollar39-million-in-ppp-loans-and-used-some-of-it-to-buy-lamborghini-feds-say/ar-BB17g1X0?li=BBnb7Kz

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Miami Beach Chase Ends In Arrest For Couple Over Lamborghini
A couple driving a matte black Lamborghini​ Hurrican was arrested over the weekend after leading Miami Beach police on a wild chase.
By Paul Scicchitano, Patch Staff Patch Staff Badge
Oct 8, 2018 2:46 pm ET



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MIAMI BEACH, FL — A couple driving a matte black Lamborghini Hurrican was arrested over the weekend after leading Miami Beach police on a wild chase. The arrests came early Sunday morning after 27-year-old David Hines flagged down an officer to say that his girlfriend had stolen his $200,000 car.

"Officers searched the area and the vehicle was located," according to Shantell Mitchell of the Miami Beach Police Department. "After attempting to conduct an investigation, the male defendant became uncooperative and aggressive. Both the male and female fled the scene and were subsequently captured and arrested."

According to arrest documents, Hines told Miami Beach police at one point that he changed his mind about pressing charges against his girlfriend and that the car was not his.

Hines was charged with battery of a police officer and resisting an officer. His girlfriend, identified as 28-year-old Brianna Rodriguez was charged with fleeing or eluding a police officer, possession of a controlled substance and resisting an officer.

https://patch.com/florida/miamibeach/miami-beach-chase-ends-arrest-couple-over-lamborghini

(Short article, no more at link.)

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Florida man lied to get $3.9 million in coronavirus loans, prosecutors say

By ASSOCIATED PRESS
JULY 28, 20201:41 AM

MIAMI — A South Florida man fraudulently obtained $3.9 million in federal coronavirus relief loans, using some of the money to buy a $318,000 Lamborghini Huracan, prosecutors said.
David T. Hines, 29, of Miami, was arrested and charged last week with bank fraud, making false statements to a financial institution and engaging in transactions in unlawful proceeds.

Defense attorney Chad Piotrowski said Hines is a legitimate business owner who is anxious to tell his side of the story.

Hines applied to a bank for approximately $13.5 million in Paycheck Protection Program loans on behalf of different companies, according to a criminal complaint. Fraudulent loan applications were submitted about the companies’ respective payroll expenses, investigators said. Hines was approved for $3.9 million, officials said.

Hines bought the Lamborghini within days of the receiving the money, prosecutors said. Instead of using the money for payroll payments, Hines made purchases at luxury retailers and resorts in Miami Beach, officials said. Authorities seized the car and about $3.4 million when Hines was arrested.

More:
https://www.latimes.com/world-nation/story/2020-07-28/officials-man-lied-to-get-3-9m-in-coronavirus-loans

[samnsara]

1. wonder how many trump* hats he bought

[bucolic_frolic]

2. Treasury made it all sound so simple - loans would be forgiven

Nice to know they've caught a small fish through no efforts of their own. Local police and happenstance uncovered the stew.

I suspect big Republican fish won't be examined as closely, if at all.

[mpcamb]

3. The list of who got "free money" is available, but has to be decoded to ID companies.

Local groups thruout the company could and should be at work finding out what their local companies got and what they did with it.
Transparency in government is one of the things we lost after Obama.
In this case it involves a huge share of OUR money that got misappropriated.

[Traildogbob]

4. 3.9 million makes you lazy, not wanna work

Let’s cut unemployment to 100 per month. Over Lindsay Graham’s dead body will 3.9 million and Lamborghini’s be allowed

[LiberalFighter]

5. Did the financial institution have a hand in making it easy for the loan to go thru?

[Yo_Mama_Been_Loggin]

6. Florida man strikes again

[Stuart G]

7. Look at the eyes...This guy is sure he is going to get away with this. Even now..