Texas man who used COVID relief funds to buy Lamborghini sentenced to prison

- Advertisement -


A Texas man was sentenced Monday to more than nine years in prison for fraudulently receiving COVID-19 relief money that he used to purchase Lamborghini and other expenses.

- Advertisement -

The Justice Department cited court documents to say that Lee Price III, 30, who pleaded guilty in September to fraud and money laundering charges, received $1.6 million in PPP loan funding by misappropriating his applications.

Court documents said that on the applications, Price used the name of a person who had died before the documents were submitted.

advertisement

In the paperwork, he also rigged payroll expenses and the workforce at three different businesses, according to court docs.

The DOJ said Price used some false advantage to buy a Lamborghini Urus, a Ford F-350 truck and a Rolex watch.

- Advertisement -

The DOJ said authorities have recovered more than $700,000 in fraudulently obtained money.

A Lamborghini Urus, the cost of the car was bought from their COVID relief fund.
Getty Images

,

- Advertisement -
Mail Us For  DMCA / Credit  Notice

Recent Articles

Stay on top - Get the daily news in your inbox

Related Stories