Connect with us


David T. Hines: Florida Man Accused Of Using COVID19 Relief Funds To Purchase A Lamborghini



David T. Hines: Florida Man Accused Of Using COVID19 Relief Funds To Purchase A Lamborghini

A South Florida man, David T. Hines has been accused of fraudulently obtaining $3.9 million in COVID-19 relief loans and using some of the money to purchase a new Lamborghini Huracán sports car and other luxury items.

The man, David Hines, 29, of Miami, was arrested Friday July 24 and charged with one count of bank fraud, one count of making false statements to a financial institution and one count of engaging in transactions in unlawful proceeds, the Department of Justice said in a news release.

Federal agents seized the car, valued at $318,000, and $3.4 million from his bank accounts when he was arrested, the Justice Department said.

Also Check  Ghanaian Lady, 'Queen Of Dicks' Is Dead, Allegedly Used By Yahoo Boys

The criminal complaint against Hines was unsealed on Monday July 27, upon his initial appearance before U.S. Chief Magistrate Judge John J. O’Sullivan in the Southern District of Florida.

The complaint alleges that Hines sought approximately $13.5 million in PPP loans through applications on behalf of several companies, the DOJ news release said. 
According to the complaint, Hines submitted fraudulent loan applications that made “numerous false and misleading statements” about the companies’ payroll expenses. Hines was approved for approximately $3.9 million in loans, 

Also Check  "Should We Give Up Because The Government Is Stronger Than The People" - Deji Adeyanju

Within days of receiving the PPP loan in May, Hines allegedly bought a 2020 Lamborghini Huracan for $318,497, which he registered jointly in his name and in the name of one of his companies. 

The Department of Justice alleges that Hines did not make the payroll payments he claimed on his loan applications, but also spent thousands of dollars on dating websites, jewelry and clothes and stayed at high-end hotels such as the Fontainebleau and Setai on Miami Beach, the Herald reported.

Also Check  Happy 420: See How People Are Celebrating The International Weed Day

Hines was ordered to stay at his mother’s home with a GPS monitor until his next arraignment on Oct. 14.

Just call me an olofofo writer who loves gossip and amebo. Do you have a business deal or news tip-off??. Drop a Message, we love you. Whatsapp: +2348166120719.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: