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Miami Man Gets 6 Years In Prison After Buying Lamborghini With $4 Million COVID Aid

Added 05-14-21 03:26:02am EST - “David Hines, 29, used the money meant to support businesses impacted by the pandemic on the sports car, dating websites and jewelry, authorities said.” - Huffpost.com

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Posted By TheNewsCommenter: From Huffpost.com: “Miami Man Gets 6 Years In Prison After Buying Lamborghini With $4 Million COVID Aid”. Below is an excerpt from the article.

A South Florida man has been sentenced to six years in prison after fraudulently obtaining nearly $4 million in federal loans meant for small businesses impacted by the coronavirus pandemic and spending it on personal expenses, including a Lamborghini.

David Tyler Hines, 29, of Miami was sentenced Wednesday after pleading guilty back in February to one count of wire fraud related to the scheme, the Justice Department said.

Authorities said Hines requested approximately $13.5 million in Paycheck Protection Program loans using false and fraudulent IRS forms early last year. He successfully secured $3.9 million from the federal government and within a few days he began blowing the money on personal expenses, including on a 2020 Lamborghini Huracan for $318,000.

The money also went to dating websites, jewelry and stays at a local resort. Two payments totaling $30,000 were also documented as going to “mom,” according to the criminal complaint.

The sports car and $3.4 million were ultimately seized following an investigation into the scam, authorities said.

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