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

Teen Coerced Into Signing ‘Slave’ Contract, Hit Orders Follow: Police Report

Clockwise from top left: Andrew Mustapick’s booking photo; Mustapick in a surveillance…

Lockdown ends after gunfire incident on Queensland highway

Police have lifted an emergency warning for locals on the Sunshine Coast…

Father Fatally Attacks Mother of His Child, Searches for ‘Murder Defenses’ Online: Authorities

Inset: Karl Mayberry (St. Louis City Justice Center). Background: The residence where…

Ex-NFL Player Admits to Killing Girlfriend in Court Guilty Plea

Kevin Ware (Montomgery County Jail); Taylor Pomaski (Texas EquuSearch). A former NFL…

Judge Temporarily Blocks Order to Bring Back Second Man Deported in Error

President Donald Trump leaves after signing an executive order at an event…

Mushroom Cook Shares Daughter’s Lunch Leftovers

Mushroom cook Erin Patterson ate leftovers from the death-cap mushroom-laced lunch with…

Kahleb Collins: Missing Alabama Toddler’s Remains Discovered in ‘Burn Pile’ at Family Residence

Remains believed to belong to an Alabama toddler who disappeared last year…

Son Detained for Drug Trafficking at GRACE Marketplace Following Mother’s Fentanyl Overdose

Staff report GAINESVILLE, Fla. – Yesterday, Donald Anthony Dohrn, Jr., aged 34,…

Home Nurse Accused of Abusive Behavior Toward Patient: Police Report

Nia Ayers (St. Cloud Police Department) A home health nurse in Florida…

Teen Causes Fatal Crash That Splits Car in Two, Police Say

Left: Alberto Oswaldo Yanez Quintana (Broward County (Fla.) Sheriff’s Office). Right: Image…

Missouri Resident Hid Uncle’s Death for Years to Illegally Receive His Benefits

A man from Missouri has been charged at the federal level in…

Authorities Request Assistance in Locating Missing 15-Year-Old Utah Girl; $20K Reward Available

Police in Utah are seeking the public’s assistance in finding a 15-year-old…