Luxury life financed with Corona aid funds
The money was actually intended for those who are most affected by the corona pandemic. But David Tyler Hines (29) from Florida sneaked aid money from the state, according to the US Department of Justice, and used it to finance his luxurious life. His Lamborghini Huracán cost a whopping 318,000 dollars (around 262,000 euros). Now he has confessed to the fraud.
Job Saving Program
The US Paycheck Protection Program (PPP) supports small businesses with a $ 521 billion program. They are granted low-interest loans so they can pay salaries and not have to lay off workers during the coronavirus pandemic. But Hines obviously wanted a much larger piece of the cake than he was entitled to.
Investigators found that the 29-year-old received nearly $ 4 million in taxpayer loans in 2020. According to CNN, he originally applied for $ 13.5 million – with the claim that his four companies needed the money to pay employees.
David Tyler Hines didn’t pay any salaries
Apparently a lie, because the criminal complaint against him states that “for most, maybe even all” of these expenses, there does not appear to be any business background. “These supposed employees either didn’t exist or earned a fraction of what Hines said,” said an investigator.
According to the investigating authorities, Hines did not even pay salaries after receiving the aid. But afforded the Lamborghini, diamonds and expensive hotel stays.
Florida scammers face 30 years in jail
On Wednesday, Hines pleaded guilty to fraudulently filing loan applications, according to investigators. He also admitted buying the Lamborghini. The sports car and $ 3.4 million in bank accounts of the 29-year-old were confiscated.
If found guilty, he faces up to 30 years in jail and a fine of up to $ 1 million, according to CNN. On the other hand, a 100-dollar ticket that he had to pay for not wearing a mask in Miami this summer is a no brainer.