Business
Man buys Lamborghini after getting nearly $4m in coronavirus loans, authorities say – The Guardian
Complaint alleges Florida man bought luxury goods after receiving PPP loans meant to help small businesses hit by the pandemic
A Florida man who bought luxury goods including a Lamborghini sports car after receiving nearly $4m in loans from the paycheck protection program (PPP) has been charged with fraud, federal authorities announced.
PPP payments are meant to help small businesses hit by the coronavirus pandemic.
A US Department of Justice complaint alleges that David Hines applied on behalf of a few companies for about $13.5m in PPP loans, used money he received to shop at luxury stores and resorts in Miami Beach,…
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