A Florida man used CARES Act funds to purchase a $318,000 Lamborghini and other luxury items, said the Department of Justice (DOJ) this week.
David Hines, 29, sought $13.5 million in Payment Protection Program (PPP) loans that were designed to help small businesses cover overhead expenses and payroll through the COVID-19 pandemic. Hines is accused of securing loans “through applications to an insured financial institution on behalf of different companies” and falsifying applications by making misleading and false claims about payroll expenses, said the agency.
