Lamborghini purchased by Florida person employing virus relief funds, feds say

Andrew Cummings
July 28, 2020

In the days and months adhering to the disbursement of Paycheck Safety Software cash, the justice department grievance alleges that Hines did not make payroll payments, but he did make buys at luxury vendors and resorts in Miami Seashore.Hines is charged with a single rely of bank fraud, a single count of creating fake statements to a financial establishment and a single rely of engaging in transactions in illegal proceeds. It's part of the Coronavirus Aid, Relief and Economic Security Act, which became federal law in March. He received $3.9 million in PPP loans.

It is unclear if the Lamborghini that was seized was his only one; in 2018, he called police claiming his then girlfriend had stolen a Lamborghini that belonged to him. Authorities later seized the vehicle and $3.4 million from bank accounts at the time of the arrest. 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.

Hines was granted a $100,000 bond to stay at his mother's home with a Global Positioning System monitor.

Hines was in federal custody over the weekend, released on bond on Monday and is scheduled to be arraigned on October 14.

Instead of applying for loans to cover monthly expenditures of about $200,000 among his four moving-related companies, the feds say, Hines' four applications through Bank of America claimed combined monthly expenses of $4 million to pay 70 employees.

The Paycheck Protection Program represents billions of dollars in forgivable small business loans for Americans struggling because of the COVID-19 pandemic.

The charging documents, however, read that the purported employees never existed nor earned a fraction of what Hines had claimed in his PPP applications.

Of the money he received, some was spent on dating websites, luxury jewelry, clothing and Miami beach resorts, prosecutors said, adding that within days of receiving the funds, more than $318,000 went to purchase a 2020 Lamborghini sports vehicle that he jointly registered in his name and that of his company.

Federal investigators linked the athletics automobile to Hines just after he was included in a strike-and-run incident on July 11, The Miami Herald described.

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