The following article, Man Arrested for Fraud After Being Sent Nearly $4 Million In COVID Relief, Buying Lamborghini, was first published on Flag And Cross.
If you’ve never had money and then one day it literally just falls into your lap, the first thing you want to do is buy all the toys you have always dreamed about. Everyone has had this thought cross their mind.
Buy when the cash falling into your lap is from the government, the last thing you should do is head to the first exotic car dealership in your city.
Not a brilliant move.
From Yahoo News:
A Florida man has been charged with fraud and other criminal offenses after receiving $3.9 million in COVID-19 relief funds and using the money to purchase, among other things, a Lamborghini.
David T. Hines, 29, was arrested on Friday and charged on Monday according to a statement by the Department of Justice. Over $3 million has been seized from his bank accounts along with the sports vehicle.
Authorities allege that Hines fraudulently applied for about $13.5 million in Paycheck Protection Program (PPP) loans for a few companies. PPP, part of the Coronavirus Aid, Relief, and Economic Security Act, was enacted on March 29 to provide small businesses with forgivable loans. Any money given to a company on behalf of the program is supposed to be used for rent or mortgage costs, employee salaries and utilities.
If you’re still down on your luck thanks to the Chinese Communist Party, Larry Kudlow has some good news for ya. It looks like another stimulus check will be making its way to Americans in need, soon.
From Fox Business via Yahoo News:
White House economic adviser Larry Kudlow said on Monday he could “conclusively” confirm a phase 4 coronavirus relief package is on its way as many Americans’ financial futures remain uncertain because of coronavirus.
“As you read the reports and talk to people on both sides of the aisle on the Hill, it is increasingly clear that there will be an additional package,” Kudlow told “Varney and Co.” “We will try to make it targeted, we will try to incentivize not just work, although work is crucial, and going back to work. We want to incentivize investments, we want a pro-growth package.”