Florida Man Receives $3.9 Million in COVID-19 Relief Funds, Buys a Lamborghini and Gets Arrested for Fraud

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.

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.


According to the DOJ’s statement, Hines lied on the loan applications and made inaccurate statements about the expenses of the companies, including the amount paid to employees.

“Those purported employees either did not exist or earned a fraction of what Hines claimed in his PPP applications,” U.S. Postal Inspector Bryan Masmela says in an affidavit, according to the Miami Herald. “Collectively, Hines falsely claimed his companies paid millions of dollars in payroll in the first quarter of 2020. State and bank records, however, show little to no payroll expense during this period.”

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.

In the past few weeks, Florida has become one of the hotspots for U.S. COVID-19 cases and recently passed New York for having the second-most confirmed cases in the country, behind California.

Hines was in federal custody over the weekend, released on bond on Monday and is scheduled to be arraigned on Oct. 14.

https://www.yahoo.com/news/florida-man-receives-3-9-225315639.html

Awon eyan Hushpuppy

The Person that commented above Me is also the same person that is using that moniker called "righteous89" .... I wonder why he didn't quote the Bible for this particular story,.... Or Is it because the person that was involved in the Fraud is American thats why he suddenly lost his ability to Quote Bible Verses?? ... If it was a Nigerian that was involved, am sure he would have quoted his usual Bible Verses.

JESUS IS LORD FOREVER AND EVER, no matter what the devil may think, rethink or say!!!

SAY NO TO FRAUD!

Bussiness Application Compromise (BAC), a senior one of BEC?

People hate the truth.

Missyajoke:
People hate the truth.

Sure they do.
That is life for you!

post=92209641:

Sure they do.
That is life for you!

Goodnight sir