Man Accused Of Using Coronavirus Relief Funds To Buy $318k Lamborghini
A Florida man has been accused of fraudulently obtaining nearly $4 million from the Paycheck Protection Program and using part of the money to buy a $318,000 Lamborghini. The man, David T. Hines, 29, of Miami, was arrested Friday July 24 and charged with one count of bank fraud, one count of making false statements to a financial institution and one count of engaging in transactions in unlawful proceeds, the Department of Justice said in a news release. 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. The criminal complaint against Hines was unsealed on Monday July 27, upon his initial appearance before U.S. Chief Magistrate Judge John J. O’Sullivan in the Southern District of Florida. The complaint alleges that Hines sought approximately $13.5 million in PPP loans through applications on behalf of several companies, the DOJ news release said. According to the complaint, Hines submitted fraudul...