Florida man charged for using coronavirus PPP funds to buy Lamborghini - Business Insider

David T. Hines of Miami, Florida, was charged in Miami federal court on Monday for fraudulently obtaining $3.9 million in PPP loans.He also apparently went on a "spending spree" and bought "luxury jewelry, expensive clothes," The New York Times reports.David T. Hines, a 29-year-old man in Miami, Florida, was charged in federal court recently for fraudulently obtaining $3.

PPP loans are part of the CARES Act, a federal law that was enacted on March 29. Its aim is to give emergency financial help to millions of Americans affected economically during the ongoing COVID-19 pandemic. Through PPP, qualifying small businesses can apply for forgivable loans in order to cover expenses like job retention, payroll costs, mortgage interest, rent, and utilities.

After he received the funds, the complaint says that Hines didn't make the payroll payments he said he would on his loan applications. Instead, he apparently went on a "spending spree" for "luxury jewelry, expensive clothes, visits to resorts in Miami Beach and expenses on dating websites," according to The New York Times.Mr. Hines made two payments in May totaling $30,000 to a person listed as "Mom," officials said.

New cars are a waste of money. They lose a third of their value as soon as you drive it off the lot! Buy high quality used cars for half the price.

💪🏽💯

Uhh..

iAmMofolo

I bet the Lambo relieved his symptoms

That's so fucked up

When Government gives out billions, monies in which they don't have, it shouldn't surprise anyone. It's no different than Medicaid fraud, its hard to catch and has the same result, millions stolen each and every year. Government is a total joke and we are the ones being played.

RT to RealDonaldTrump..GOP...SeanHannity..RushLimbaugh..FoxandFriends.

How long would it take for me to sit at home collecting the extra $600/wk UI to get to $318K so I could get my own Lamborghini?

Legend

Sounds like what billionaires do all the time

GovRonDeSantis this you?

I would've bought a convertible Bentley. A Lambo is too gaudy. But I still gotta wait for my second stimulus check, tho.

*man commits fraud

The man has good taste

Sentences should be doubled for idiots like this.

iTAT_uPAY

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small Business Focus: Care Bears boost Florida toy importer, but he needs $10 million right awayFlorida's Basic Fun has seen a sharp pickup in business since coronavirus shutdowns started lifting in May, but the toy importer needs more cash to buy goods for the Christmas shopping season. good for you. lol I have trouble with a story where someone needs '10 million right away' when millions of small businesses are a few thousand away from failing 10 million could save hundreds of local small businesses from closing up SmallBusiness failure America Canada COVID19
Source: Reuters - 🏆 2. / 97 Read more »

Coronavirus: Boris Johnson says Europe hit by 2nd wave, new restrictions - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Good man 👍 Fast action That's what we THE PEOPLE look for in a leader . Decisive . Firm . ACTION.... AdamBienkov Thanks to the wishy washy lockdown by BorisJohnson and easing it too early, we have not even finished our first one yet AdamBienkov Which country is causing the second wave?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Houston reports 20,000 additional coronavirus cases from July alone - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. And more deaths in Houston in July, than March, April, May combined. And more deaths in Houston in July, than March, April, May, June combined. Do you believe the numbers?
Source: BusinessInsider - 🏆 729. / 51 Read more »