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Florida man accused of using coronavirus relief funds to buy Lamborghini
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 Reading