A 29-year-old Florida man pleaded guilty on Wednesday for using fraudulently accessed Paycheck Protection Program (PPP) funds to buy a Lamborghini, a Justice Department press release said.
David T. Hines fraudulently accessed around $3.9 million of funds and bought the $318,000 sports car with the illicit money, according to the press release. Authorities confiscated $3.4 million from Hines’ bank accounts and the car when he was arrested.
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