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

Tragic Florida Vacation Incident: Pediatrician Accused of Staging Drowning of 4-Year-Old Daughter

An Oklahoma pediatrician is behind bars after police say she killed her…

TikToker Allegedly Involved in Marine’s Death Seen Dancing in Clip: Family Claims

Inset images from left to right: Marko Cinan and Justin Joshua Guzman…

California Resident Accused of Plotting with Online White Supremacist Group to Assassinate Federal Authorities and More

A 24-year-old man from California has been charged with eight counts, accused…

Judge Halts Trump’s Attempt to Dismiss Pollster’s Lawsuit

Left: Pollster J. Ann Selzer (Photographed by Jenny Condon, image used with…

Men Found Guilty of Killing Pregnant Woman Near Delivery Date

Background: Tameisha Price (GoFundMe). Insets, top to bottom: Paris James and Jerry…

Husband Suspected of Killing Doctor Wife Dies in House Fire

The estranged husband of a well-known California doctor has been arrested months…

Utah Couple Accused of Severe Child Abuse: Shocking Details Emerge

A Utah couple was arrested this week after a police investigation uncovered…

Body Discovered in Search for Missing 18-Year-Old California Teen, Ex-Boyfriend Uncooperative

Police in California found a body Wednesday, believed to be a teen…

Gainesville Deputy Shoots Man Holding Woman Hostage for Four Hours During Arrest

Staff report GAINESVILLE, Fla. – Tyrese Da’jon Jones, 26, was shot by…

Diddy Denied Bail: Emotional Outburst in Court

Sean “Diddy” Combs remains in jail after the split verdict in his…

Police fatally shoot man after hours-long standoff

Police have shot dead a man they said fired on officers in…

Teens Accused in Stabbing Incident Involving Young Businessman

Two teenagers have been charged over the fatal stabbing of 21-year-old Luke…