August 4, 2020

US jails man who bought Lamborghini with government loan

Washington (AFP) – Instead of speeding off in a $200,000 Lamborghini Urus, a Texas man got a slower ride to jail Tuesday after US authorities arrested him for using $1.6 million in government pandemic aid to go on a spending spree.Lee Price III, 29, was charged with fraud after he secured two government loans under the Paycheck Protection Program to pay employees he did not have, the Justice Department said in a statement.Instead he spent the funds on lavish goods like a sports car and a Rolex watch, as well as real estate, an F-350 pickup truck, and thousands of dollars at Houston strip clubs…

source https://this.kiji.is/en/663501652940260449?c=648607265489716321

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