Florida Man Buys $300,000 Lamborghini with COVID Stimulus Money…But the Police Catch Up With Him

(PatriotHeadline.com)- When the United States government was compelled to advise state governors to close non-essential businesses, a series of fiscal stimulus packages were put together to help keep American businesses and workers afloat. Federal lawmakers spent trillions of dollars bailing out companies and workers during the early months of lockdown and required businesses to spend those funds in responsible ways.

One responsible way of spending that kind of money would be paying employees while they are unable to work, but for one Florida man, buying a new car seemed more important. On Monday, a man was arrested after federal prosecutors accused him of fraudulently obtaining some $3.9 million in funds from the Paycheck Protection Program. The funds were designed to help keep businesses running, but 29-year-old David Hines used the fraudulently obtained funds to buy himself a $300,000 Lamborghini.

The Miami man has since been charged with making false statements to a financial institution, bank fraud, and engaging in transactions in lawful proceeds. A Department of Justice press release detailed the full charges and claimed that Hines had initially sought out $13.5 million in PPP loans.

“The complaint alleges that Hines caused to be submitted fraudulent loan applications that made numerous false and misleading statements about the companies’ respective payroll expenses,” the press release explains. “The financial institution approved and funded approximately $3.9 million in loans.”

My main question here is…did Hines really think he wouldn’t get caught? What was the long-term plan here?

The complaint also alleges, according to the press release, that Hines purchased a $318,000 2020 Lamborghini Huracan sports can which was registered jointly under his name and one of the companies he owns. In the following weeks, he also did not make any payroll payments using the funds provided by the government, which is one of the requirements of accessing the PPP loans. Hines claimed in his applications that the money would be used to pay more than 70 employees with a monthly payroll cost of $4 million.

Instead of making payment out to employees, Hines made several purchases at resorts in Miami Beach and at luxury and designer stores.

PPP loans were never meant to be free money for companies. The interest on the loans would be forgiven as long as businesses used the money within a set period of time to pay payroll expenses.

Just another example of a Florida Man doing something dumb!