Florida man accused of using coronavirus relief funds to buy Lamborghini (NBC News)

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    Florida man accused of using coronavirus relief funds to buy Lamborghini – By Pete Williams (NBC News) / July 27 2020

    David T. Hines, 29, got nearly $4 million in PPP funding and spent part of it on a car valued at $318,000, officials said.

    Federal prosecutors accused a Florida man Monday of fraudulently obtaining nearly $4 million from the Paycheck Protection Program and using some of the money to buy a Lamborghini sports car.

    The man, David T. Hines, 29, of Miami, was charged with bank fraud in court documents unsealed Monday.

    Federal agents seized the car, valued at $318,000, and $3.4 million from his bank accounts when he was arrested, the Justice Department said.

    Court documents said Hines sought $13.5 million in paycheck protection loans through applications on behalf of different companies that included false statements about employee payroll expenses.

    Continue to article: https://www.nbcnews.com/news/us-news/florida-man-accused-using-coronavirus-relief-funds-buy-lamborghini-n1235043

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