Florida man accused of using COVID-19 relief funds to buy US$318K Lamborghini

from the U.S. Department of Justice on Monday, the 29-year-old man fraudulently applied for approximately US$13.5 million in Paycheck Protection Program loans for different companies.

PPP was enacted in March as part of the Coronavirus Aid, Relief, and Economic Security Act in order to provide small businesses with forgivable loans to help them keep employees on the payroll and for other expenses.It’s alleged that within days of receiving the loans, the man purchased a 2020 Lamborghini Huracan sports car for approximately $318,000, which he registered for jointly with his name and the name of one of his companies.

The complaint goes on to accuse the man of not making the payroll payments he claimed on his loan applications and instead using the money to make purchases at luxury retailers and resorts in Miami Beach. The accused was arrested on Friday and authorities seized the Lamborghini and $3.4 million from bank accounts.

David T. Hines, of Miami, has been 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. He was arrested on Friday and held in federal custody over the weekend before he was released on bond on Monday.

Because all this money is better in the hands of businessmen...

Our Prime Minister is caught in a historic scandal and posted this for at least the 4th time today.

goldoildiamonds - LOL floridaman

He is probably a scape goat. The abuse of this fund by billionaires, wealthy multi nationals as well as even some religous groups is beyond belief.

On brand

Trump likes someone got Xmas early but it is only one vote for trump unless the entire happy with ride in knew car

Meh. If they're handing it out, may as well spend it. YOLO.

They will make an example of people like this holy shit he’s gonna get 10 -12 years

Hes not the only one. Lots of peeps gonna have to pay back.

Good for him. Start covering your corrupt Government ongoing actions instead of wasting our time with trivial BS.

The thieves will be out in droves trying to lie and defraud the government (the tax payer), taking advantage of the covid-19 subsidies. Karma has weird and strange ways of repaying thieves, this world or the next.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Newfoundland and Labrador is reporting a new case of COVID-19Newfoundland and Labrador is reporting one new case of COVID-19 today. Lol 😂🤣 Shit let’s lock the country down again
Source: CTVNews - 🏆 1. / 99 Read more »

Study finds moms with COVID-19 can safely breastfeed if they wear a mask, wash handsA new study has found that mothers infected with COVID-19 are unlikely to pass the virus to their newborns when appropriate safety measures are taken, such as wearing a mask while breastfeeding and cleaning hands before handling the infants. I think they'll have issues building up enough suction if they're wearing masks. How did they do this study? 😂😂😂😂
Source: CTVNews - 🏆 1. / 99 Read more »

Nova Scotia reports no active COVID-19 cases in the provinceFor the 11th day in a row, Nova Scotia is reporting no new cases of COVID-19, and the one active case in the province is now resolved. Any active shooters that you and government refuse to disclose? Info on what the hell happened in regards to the massive carnage performed in our country would be nice. But, you'll just continue to report on non covid cases. Good for Nova Scotia. Hope they can keep it up.
Source: CTVNews - 🏆 1. / 99 Read more »

NHL recorded no positive COVID-19 tests from July 18-25 - TSN.caThe National Hockey League recorded no new COVID-19 positive tests from July 18-25 after registering just two in the first week of Phase 3. The league administered a total of 4,256 tests to more than 800 players over that time frame. MLB chould never nice Good fuckin work boys, here we go buds
Source: TSN_Sports - 🏆 80. / 51 Read more »

Hopes for a COVID-19 vaccine may run in these front-line workers' veinsFrontline health-care workers in Brazil have enrolled in a Phase 3 test of a COVID-19 vaccine as they battle the pandemic, which has infected more than 2 million people in the country. Now she’s probably sterile. Then they can take it. Ctv reporters should get the vaccine first
Source: CTVNews - 🏆 1. / 99 Read more »

Senate meets to vote on bill on wage subsidy, disability payments for COVID-19The Senate is meeting today to vote on extending the federal government's emergency wage subsidy for employers hit hard by COVID-19. Ok 👍 c’est très bon
Source: CTVNews - 🏆 1. / 99 Read more »