Many Americans were given some assistance through this difficult time through a check they received thanks to the stimulus package that was passed by Congress.
On top of that, businesses were provided monetary assistance as well through the Paycheck Protection fund where they were given forgivable loans in order to keep their employees paid.
Even still, for those who were unemployed, there was an extra $600 provided to them per week on top of what they would normally get. Many people don't even make that much, not they're being incentives to stay unemployed.
Some people have definitely abused this and the Paycheck Protection Program as well.
On Monday, a Florida man was arrested, with federal prosecutors saying he “fraudulently” obtained $3.9 million in Paycheck Protection Program (PPP) loans, which set aside at least $650 billion to help small businesses. It gets worse: He allegedly used some of the money to buy a Lamborghini sports car for more than $300,000.
David Hines, 29, of Miami, has been charged with bank fraud, making false statements to a financial institution and engaging in transactions in unlawful proceeds, the Department of Justice (DOJ) announced in a press release on Monday.
The Department of Justice is now investigating this and released a press release which includes the following statement:
The complaint alleges that Hines sought approximately $13.5 million in PPP loans through applications to an insured financial institution on behalf of different companies. The complaint alleges that Hines caused to be submitted fraudulent loan applications that made numerous false and misleading statements about the companies’ respective payroll expenses. The financial institution approved and funded approximately $3.9 million in loans.
The complaint further alleges that within days of receiving the PPP funds, Hines purchased a 2020 Lamborghini Huracan sports car for approximately $318,000, which he registered jointly in his name and the name of one of his companies. 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. He did, however, make purchases at luxury retailers and resorts in Miami Beach.
Sources:
The Daily Wire
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