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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFlorida 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
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Florida man accused of buying Lamborghini with COVID-19 relief funds (Original Post)
Sancho
Jul 2020
OP
Honestly, is it much different than what's happening with the grifting big companies?
soothsayer
Jul 2020
#6
at140
(6,110 posts)1. Stimulus fraud, Medicare fraud, Tax returns fraud...
I am guessing fraudsters are not scared of the punishment for getting caught.
madamesilverspurs
(15,819 posts)2. Sounds like a candidate for governor,
given Rick Scott's record . . .
.
JI7
(89,287 posts)3. Is THIS the same guy ?
The article is from 2 years ago and says he is 27 years old from Miami which would make him 29 now as it mentions in the OP .
https://www.local10.com/news/2018/10/07/man-arrested-after-telling-police-his-girlfriend-stole-his-lamborghini/
Sancho
(9,071 posts)4. Same name and age...might be the same guy
Hassler
(3,396 posts)5. Another of Chump's Deplorable Base
Sancho
(9,071 posts)12. It appears that the loans went to MF45 friends and family...
soothsayer
(38,601 posts)6. Honestly, is it much different than what's happening with the grifting big companies?
https://www.washingtonpost.com/business/2020/07/27/ppp-was-intended-keep-employees-payroll-workers-some-big-companies-have-yet-be-rehired/
PPP was intended to keep employees on the payroll. Workers at some big companies have yet to be rehired.
Companies were encouraged but not required to use the money for payroll.
?s=21
ProPublica found at least 15 large companies that received over half a billion dollars in PPP loans using the same technique: Getting multiple loans sent to smaller entities they own.
PPP was intended to keep employees on the payroll. Workers at some big companies have yet to be rehired.
Companies were encouraged but not required to use the money for payroll.
Link to tweet
?s=21
ProPublica found at least 15 large companies that received over half a billion dollars in PPP loans using the same technique: Getting multiple loans sent to smaller entities they own.
soothsayer
(38,601 posts)7. Brecht: What is robbing a bank compared with founding a bank?
Turbineguy
(37,412 posts)8. I'm thinking of that Three Stooges laugh
Nyuk, nyuk, nyuk, nyuk...
calimary
(81,594 posts)9. Maybe he told everybody he was Brad Parscale?
Hekate
(91,005 posts)10. I know! He's the son of the Welfare Queen with the fur coat & pink Cadillac!!!
Sancho
(9,071 posts)13. Who in their 20s would even know how to get a loan and buy such a car...
must have learned those tricks somewhere!
Demovictory9
(32,493 posts)11. k&r