Share this @internewscast.com

A South Florida man has been sentenced to six years in prison after fraudulently obtaining nearly $4 million in federal loans meant for small businesses impacted by the coronavirus pandemic and spending it on personal expenses, including a Lamborghini.

David Tyler Hines, 29, of Miami was sentenced Wednesday after pleading guilty back in February to one count of wire fraud related to the scheme, the Justice Department said.

David Hines, 29, used the money meant to support businesses impacted by the pandemic on a 2020 Lamborghini Huracan, dating we



David Hines, 29, used the money meant to support businesses impacted by the pandemic on a 2020 Lamborghini Huracan, dating websites and jewelry, authorities said.

Authorities said Hines requested approximately $13.5 million in Paycheck Protection Program loans using false and fraudulent IRS forms early last year. He successfully secured $3.9 million from the federal government and within a few days he began blowing the money on personal expenses, including on a 2020 Lamborghini Huracan for $318,000.

Authorities said Hines spent $318,000 of the PPP loan money on a 2020 Lamborghini Huracan. A Lamborghini Huracan Evo RWD spor



Authorities said Hines spent $318,000 of the PPP loan money on a 2020 Lamborghini Huracan. A Lamborghini Huracan Evo RWD sports car is seen at an automobile exhibition in China in 2020.

The money also went to dating websites, jewelry and stays at a local resort. Two payments totaling $30,000 were also documented as going to “mom,” according to the criminal complaint.

The sports car and $3.4 million were ultimately seized following an investigation into the scam, authorities said.

Hines’ Lamborghini purchase was discovered by investigators after he was involved in a hit-and-run accident involving the vehicle back in July. The Lamborghini was linked back to Hines and impounded by Miami police, the Miami Herald previously reported.

PPP loan scams are unfortunately nothing new, with a Southern California man arrested on Friday after allegedly obtaining roughly $5 million in PPP loans and spending a portion of the money on Ferrari, Bentley and Lamborghini sports cars, federal prosecutors said.

The Justice Department in March said it has criminally charged hundreds of people with violations related to the PPP or Economic Injury Disaster Loan programs. A memo released by House Democrats that same month, citing the Justice Department, tallied 173 criminal cases involving 242 defendants for such violations. The PPP charges amounted to $446.8 million in losses.

Source: huffpost

Share this @internewscast.com
You May Also Like

Combatting the Dark Trade: How to Halt the Profiteering of Murderabilia from Violent Crimes

The controversial trade of murderabilia continues to stir ethical and legal debates,…

Florida Man Accused of Shooting Pregnant Girlfriend While She Slept

Inset: Eric Patterson (Hillsborough County Sheriff”s Office). Background: The apartment complex where…

Couple Faces Charges for Alleged Abuse and Starvation of Teen

Left to right: Stephanie Linke and Michael Gruchacz (Laramie County Sheriff”s Office).…

Family of Missing Schoolboy Left in the Dark: Brother Accuses Government of Ignoring Pleas for Help

Daryl Floyd has spent much of his life tirelessly working to bring…

Shocking Incident: Man Allegedly Threatens Young Carolers with Gun – Community Reacts

Share A Maryland man, aged 58, is facing accusations of pointing a…

Swift Response: Two Arrested Following Fatal Shooting and High-Speed Chase

A recent fatal shooting in Sydney’s west has seen a man killed…

Authorities Report Husband Assaulted Wife Following Her Jump from Moving Truck

Background: Sibley County Road 17 and 310th Street, Sibley County, Minn. (Google…

Father Sentenced to Prison for Fatal Gun Misfire: A Cautionary Tale of Reckless Handling

While six months pregnant and caring for two children, a young mother…

Ex-Inmate’s Desperate Act: Homeless Man Arrested for Midtown Car Theft of Phone and Bank Cards

By Staff Report GAINESVILLE, Fla. – A Gainesville man, Brandon Lee Richardson,…

Breaking News: Shocking Indecent Exposure Arrest of Homeless Man Sparks Community Outrage

By Staff Reporter GAINESVILLE, Fla. – Dillan W. Stephens, aged 28, faces…

Mother Allegedly Attempts to Smother Crying Infant, Authorities Report

Share An Alabama mother has been accused of attempting to “smother” her…

States Take Legal Action Against Trump Administration’s Efforts to Slash SNAP Benefits

Left: New York Attorney General Letitia James speaks during a press conference…