Luxury Italian automaker Lamborghini's 2020 Huracan sports car.Federal prosecutors are accusing a 29-year-old small business owner in Miami of spending some of the nearly $4 million in coronavirus relief aid he received from the government on a six-figure sports car, expensive jewelry and stays at luxury resorts.
Federal officials arrested the man, David T. Hines, on Monday, charging him in Miami Federal Court 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 Justice Department said in aAfter Hines obtained approval for three Paycheck Protection Program applications and received more than $3.
In fact, for weeks after receiving the millions of dollars in PPP aid, "Hines did not make payroll payments that he claimed on his loan applications," the Justice Department says in its press release. Instead, in addition to buying the six-figure Lamborghini that was registered jointly in Hines' name and in the name of one of his companies, Hines allegedly spent tens of thousands of dollars at luxury retailers and luxury resorts in Miami Beach.
Prior to receiving the government PPP funds, one of Hines' bank accounts had a balance of just 30 cents, while another that later received nearly $800,000 of his PPP funds previously had a negative balance of more than $31,300, according to the government's complaint. After receiving the PPP money, Hines' financial records show that he made two May payments of $15,000 each to a person listed as "Mom," according to officials. Other payments in the months of May and June include $4,622.40 spent at Saks Fifth Avenue and $8,530 to the luxury jewelry company Graff.
MakeIt No surprise the rich are greedy not caring about small businesses. Shameful!
MakeIt Is a DEM NEWS AGENCY ACTUALLY PRAISING DOJ?
MakeIt Did he stay at one of trump’s resorts?
MakeIt Thank you covid
MakeIt Yet republicans say it’s the democrats who are socialists 🤪
MakeIt Because realDonaldTrump gop REMOVE all oversight Ther Billionaire buddies ie: kanyewest elonmusk and many more GOT OUR PPP MONEY! Give it back NOW!!!
MakeIt Hope he bought lube . . . . not for the car.
MakeIt
MakeIt String him up by the balls!!!
MakeIt Not a problem as Mnuchin proposes to 'forgive' all those loans without review.
MakeIt Spending it on stock buybacks is the same thing, but all corporations are doing it without consequences. Government chooses who can steal and who does not
MakeIt realDonaldTrump ?
MakeIt Yup but those basta’ds getting $600/week!
MakeIt Lol..amateur. He got caught, a professional thief would've gotten away with it
MakeIt Hard to hide that allegedly thing!
MakeIt $3.9 million. He has a good taste in cars. I am confused with this headline. Are we supposed to think that he did not spend his money wisely or something? Lamborghini is an awesome car. 👍👍
MakeIt Is he still working or staying at home?
MakeIt And was arrested...
MakeIt At least he didn’t burn a city or police cars or court house
MakeIt Well I think govt knows how to get it back 😂
MakeIt Smart guy.
MakeIt People are using PPP money to load up on Nasdaq stocks and making more money from the stock boom than reopening their business. LOL
MakeIt At least he didn't spend it on hookers and blow.
MakeIt Multiply that by 100 and you get an idea of what a ridiculous system we have.
MakeIt Oh shit, you got a Lamborghini! “Yea, the government bought for me!” Great story to tell the grand kids about the time this pandemic hit and people were losing everything and I got a Lamborghini! Well played sir.
MakeIt Tell us where the $500 Billion went that Mnuchin, Trump, and the Republicans won’t tell us?
MakeIt Hero!
MakeIt ich frag mich auch wie der aus der Haft entlassene schwarzweisse Fussballkaiser sich dieses Auto leisten kann. Gibt es so geringe Rückzahlungen des USt betruges?
MakeIt This is news because it's in Florida. In DC it's just another day at work.
MakeIt Arrest the man!
MakeIt It’s the Republican way !
MakeIt Well deserved. The rich need a rest from carrying the economy for the rest of you
MakeIt The fuccc
MakeIt
MakeIt
MakeIt There will be a deluge of these kinds of stories for years to come. Practically no oversight and they are already talking about forgiving the 'smaller' loans that are still in the millions. Never let the GOP tell you they dont like socialism, they own this.
MakeIt This is what happens when realDonaldTrump GOP cancels oversight the next day after voted on LOOK ONLY AT YOUR PRESDENT!!! Oh and audit kanyewest church and get our PPP money back He is a frikn billionaire taking our money for SHOES!!!
MakeIt Is he a Trump family friend?
MakeIt “Allegedly”... Too much work to confirm the story before running with it. SMH
MakeIt Dummy should have gotten a Ferrari
MakeIt
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Jezebel - 🏆 153. / 63 Read more »