A man in Miami, Florida, has been charged with bank fraud for allegedly lying on Paycheck Protection Program loan applications and spending the money on a $318,497.53 Lamborghini Huracán EVO and other 'luxury and personal items,' federal authorities say
A man in Miami, Florida, has been charged with bank fraud for allegedly lying on PPP loan applications and spending the money on luxury items such as a Lamborghini Huracán EVO, federal authorities say.
Funds from the $521 billion Paycheck Protection Program are destined for small businesses so that they're able to keep workers on payroll throughout the coronavirus pandemic. David Tyler Hines, 29, not only filed fraudulent PPP applications, but also spent the money on a $318,497.
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