Texas man who used COVID relief funds to buy Lamborghini sentenced to prison
A Texas man was sentenced to over nine years in prison 🍎on Monday for fraudulently obtaining COVID-19 relief funds that he used for the✃ purchase of a Lamborghini and other expenses.
Lee Price III, 30, who pleaded guilty in September to wire fraud and money laundering charges, received $1.6 million in PPP loan funds by falsifying his applications, the Department of Justice said, citing court documeꦬnts.
On the applications, Price💛 used the name of a person who died before the documents wer🔯e submitted, the court documents said.
In tꩲhe paperwork, he also fudged payroll expenses and the number of employees༺ he purportedly had at three seperate businesses, according to the court docs.
Price used some of the ill-gotten ga🧸ins to buy a Lamborghini Uruไs, a Ford F-350 truck and a Rolex watch, the DOJ said.
The DOJ said a🔥uthoriti🍬es have recovered over $700,000 in the fraudulently obtained money.
