Lambo Urus and Rolex Bought With Covid Relief Funds Lands Texas Man In Jail

If you have been reading the website for a while, you would have come across a story we shared in August last year about a 30-year-old Texas man who abused Coronavirus relief funds and bought himself a Lamborghini Urus as well as a Rolex.

Fast forward to today and the man has been caught submitting fraudulent Paycheck Protection Program (PPP) loan applications with false information.

Lee Price III initially sought $2.6 million in federal COVID relief funds by misrepresenting the number of employees and payroll expenses on behalf of three entities. He only received $1.6 million. However, his scheme went deeper than just fraudulent applications, going as far as to use a dead man’s name on one.

He will now spend the next 110 months in prison. Federal law enforcement officials seized over $700,000 that Price had fraudulently obtained.

He is certainly not the first person who has abused COVID relief funds and will sadly not be the last.

Source Autoblog
You might also like
WhatsApp WhatsApp us