Florida 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 fraudulent loan applications that made “numerous false and misleading statements” about the companies’ payroll expenses. Hines was approved for approximately $3.9 million in loans,

Within days of receiving the PPP loan in May, Hines allegedly bought a 2020 Lamborghini Huracan for $318,497, which he registered jointly in his name and in the name of one of his companies.

The Department of Justice alleges that Hines did not make the payroll payments he claimed on his loan applications, but also spent thousands of dollars on dating websites, jewelry and clothes and stayed at high-end hotels such as the Fontainebleau and Setai on Miami Beach, the Herald reported.

Hines was ordered to stay at his mother’s home with a GPS monitor until his next arraignment on Oct. 14.

Comments

Billionaire Game of Thrones games tycoon and Netflix producer, Lin Qi, dies at 39 after allegedly being poisoned by a co-worker amid fights among his company's executives'

Lin Qi, chairman and CEO of the Chinese entertainment company Yoozoo Group and a producer on Netflix's upcoming series The Three-Body Problem , has died after he was allegedly poisoned by a co-worker amid fights among his company's executives' His company, Yoozoo Group confirmed that Lin died on Christmas Day after having been hospitalized about a week earlier. He was 39. Police in Shanghai are currently investigating his death, and have reportedly arrested a suspect only named Xu, who Chinese media outlets have identified as Lin's colleague at Yoozoo, Xu Yao. Local reports also allege that a dispute among Yoozoo executives led to Lin's death after he was allegdlly poisoned via aged pu’er tea. The China Economic Weekly, a magazine with ties to the People’s Daily, mouthpiece of the ruling Communist Party, said that Xu is suspected of having poisoned Lin due to “work disputes” that resulted in the former’s salary being cut. He may have adminis...

Nigerian footballer, Kelvin Odenigbo, drowns in Belarus lake

A Nigerian footballer, Kelvin Odenigbo, playing for FC Vitebsk in Belarus, has been found dead after drowning in a lake. Announcing his passing, the Belarusian Premier League club in a statement released, said the corpse of the 20-year-old striker was found on Saturday, June 5 by the lake Beloye, a tourist destination in the Vitebsk region. “We express our sincere condolences to the family and friends of the football player. The football club Vitebsk reports that on June 5, 2021, on the lake Beloye, in the area of the tourist base Verasy, OSVOD employees found the drowned Kelvin Odenigbo. We will publish all official information as it becomes available. We express our sincere condolences to the family and friends of the football player, as well as to all the fans of the team,” the statement read Odenigbo joined the club on loan from NAF Rockets FC, the Nigerian National League side, at the end of last season before making the switch permanent for the 11-match-old 2021/22 se...

Boko Haram throws Maiduguri into darkness again, blows up power tower.

Barely 72 hours after electric power was restored in Maiduguri, Borno State, Boko Haram insurgents on Saturday, March 27, blew up another transmission tower in the city. Premium Times reports that the insurgents planted explosives on each leg of the tower, which they detonated at about 6 a.m. In January, the terrorists struck power installations thrice at a location about 50km from Maiduguri to keep the city in the dark. The power, was however, restored on Wednesday, March 24, after nearly two months of blackout. While reconnecting the installation, three TCN officials were severely injured by a landmine planted by the insurgents. Another official was said to have lost his life after falling off a tower. The city has now been thrown into another darkness following the Saturday morning attack.

Laie.Tv

Search This Blog