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

Shocking Navy Sailor Incident: 30 Shots Fired as Attempted Defense of Wife Unfolds Outside Home

Inset: Taylor Lomax (Clay County Sheriff”s Office). Background: The Clay County, Florida,…

Mom Delays Telling Husband About Teen’s Involvement in Anna Kepner Case for 32 Hours

In a heart-wrenching saga, court documents from an ongoing custody dispute are…

Chilling 911 Call Captures Man’s Brutal Attack on Ex-Girlfriend: A Harrowing Tale of Violence and Survival

Left to right: Daniel Harmon and Jamilla Smith (Aiken County Sheriff”s Office).…

Justice for Etan Patz: Prosecutors Demand Murder Reinstatement in Notorious NYC Child Case

Prosecutors in New York City are advocating for the reinstatement of a…

Man Faces Charges for Assaulting Former Mother-in-Law with Baseball Bat, Citing Her Role in His Divorce, Police Report

Inset: Lida Shape (Obituary). Background: Ylli Shtopaku appears in court for a…

Kilmar Abrego Garcia Seeks Sanctions Over Alleged Repeated Breaches of Court Gag Order by Trump Administration, Citing ‘Vitriolic and Prejudicial Statements

Left to right: Kilmar Abrego Garcia attends a protest rally at the…

Tragic Tennessee Tale: Mother’s Deadly Rampage Ends in Fiery Collision with 18-Wheeler

A heartbreaking incident in Tennessee has resulted in the deaths of a…

Trump Administration to Challenge Court Decisions on Lindsey Halligan’s Removal and Dismissals of Comey and James Cases

Left: New York Attorney General Letitia James presents the findings of an…

Individual on Pre-Trial Release Apprehended for Alleged Attempted Homicide

Compiled by the Newsroom NEWBERRY, Fla. – Authorities have apprehended 22-year-old Jayce…

Sentencing Announced for Woman Convicted of Killing Parents and Attempting to Murder Brother: ‘I Hate Them

Inset left: Mia Bailey (Washington County Sheriff’s Office). Inset middle: Joseph Bailey…

Mother Sentenced in Tragic Case Following Fatal Incident Involving Infant Daughter

Inset: Olivia Munoz (Mathis Police Department). Background: The 900 block of South…

Shocking Family Betrayal: Man Aids Mother’s Sinister Plot Against 87-Year-Old Grandfather, Claims ‘Not Grandpa

Inset: Alvin Kempainen (Obituary). Background: Jacob and Margaret Kempainen (Cerro Gordo County…