Florida man accused of using coronavirus relief funds to buy Lamborghini

Daniel Fowler
July 28, 2020

A Florida male allegedly ripped off virtually $4 million from the U.S. government's coronavirus relief financial loan system - and applied some of the income on a manufacturer-new Lamborghini and other luxurious things, authorities explained Monday.

Miami law enforcement impounded the auto, which federal prosecutors now strategy to seize.

Hines received three payments totaling almost $4 million.

According to a statement from the Department of Justice, "In the days and weeks following the disbursement of PPP funds, the complaint alleges that Hines did not make payroll payments that he claimed on his loan applications".

The PPP loan is created to protect employees and cover other legitimate costs like rent during the coronavirus pandemic.

Hines is charged with one depend of bank fraud, 1 count of making untrue statements to a monetary establishment and one particular depend of participating in transactions in illegal proceeds.

Hines was granted a $100,000 bond to stay at his mother's home with a Global Positioning System monitor. PPP, part of the Coronavirus Aid, Relief, and Economic Security Act, was enacted on March 29 to provide small businesses with forgivable loans.

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His arraignment is scheduled for October 14.

"Those purported employees either did not exist or earned a fraction of what Hines claimed in his PPP applications", says the affidavit by U.S. Postal Inspector Bryan Masmela.

The New York Times reported that Hines claimed that he operated four companies with dozens of employees with about $4 million in monthly expenses.

After his SBA loans were approved, Bank of America began depositing hundreds of thousands of dollars in Hines' business accounts. Bank of America closed his moving companies' accounts June 24, and they showed a balance of $3,463,162 but no repayments on the loans.

David Hines was charged for fraudulently using a PPP loan to purchase a Lamborghini Huracan sports auto.

Speaking of the vehicle, though, this is not actually Hines' first Lamborghini. But Hines became uncooperative, and both he and the girlfriend fled before eventually being found and arrested.

Federal investigators linked the athletics automobile to Hines just after he was included in a strike-and-run incident on July 11, The Miami Herald described.

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