MIAMI ā A South Florida man fraudulently obtained $3.9 million in federal coronavirus relief loans, using some of the money to buy a $318,000 Lamborghini Huracan, prosecutors said.
Hines applied to a bank for approximately $13.5 million in Paycheck Protection Program loans on behalf of different companies, according to a criminal complaint.
Hines bought the Lamborghini within days of the receiving the money, prosecutors said.
The Paycheck Protection Program represents billions of dollars in forgivable small business loans for Americans struggling because of the COVID-19 pandemic.
Itās part of the Coronavirus Aid, Relief and Economic Security Act, which became federal law in March.