A Florida man was arrested and charged with fraud on Monday after allegedly purchasing a Lamborghini sports car and other luxury goods with the funds he received from the Payment Protection Program (PPP).
David Hines of Miami was charged with bank fraud, making false statements to a financial institution and engaging in transactions in unlawful proceeds, the Justice Department announced.
Hines sought around $13.5 million in PPP loans on behalf of different companies, according to federal prosecutors. He received $3.9 million from the fund that is designed to help small businesses struggling due to the coronavirus pandemic, but instead of using that money to support his companies and employees, prosecutors say Hines splurged hundreds and thousands of dollars on a sports car.
Read more at CBS News.
{Matzav.com}
just as liquor stores are deemed essential for some, this car same for this guy!
good taste