The news is out: [A Florida man has been charged with fraud and other criminal offenses after receiving $3.9 million in COVID-19 relief funds and using the money to purchase, among other things, a Lamborghini.
Hines was approved for funding and received $3.9 million. Just a few days after getting the money, he bought the Lamborghini for $318,000. He is also alleged to have purchased luxury items from stores and resorts.
David T. Hines, 29, was arrested on Friday and charged on Monday according to a statement by the Department of Justice. Over $3 million has been seized from his bank accounts along with the sports vehicle.
Authorities allege that Hines fraudulently applied for about $13.5 million in Paycheck Protection Program (PPP) loans for a few companies. PPP, part of the Coronavirus Aid, Relief, and Economic Security Act, was enacted on March 29 to provide small businesses with forgivable loans. Any money given to a company on behalf of the program is supposed to be used for rent or mortgage costs, employee salaries and utilities.]
The person who authorized the loan should be arrested. I feel sorry for David Hines; now he is back dreaming about a Lamborghini.