Taxpayer money was also spent on a Rolex and strip clubs.
Sometimes justice can be served. This is one of those cases. Way back in August 2020 we reported about one of America's finest citizens, a supposed Texas "businessman" named Lee Price III. He knows how to spot a fraud opportunity. He applied for and managed to receive $1.6 million worth of relief funds that were part of the federal government's roughly $3 trillion coronavirus relief fund.
Its goal was simple and vital: to protect the American economy from a partial collapse by pumping money into everyone's bank accounts. Small businesses also received assistance from Paycheck Protection Program. But Price had different plans. After receiving checks from the two loans he applied for he went on a shopping spree.
A Lamborghini Urus, an $85,000 Ford F-350, a Rolex, trips to strip clubs, and paying off a previous residential property loan is how he spent the money - your money. The party ended when he got caught. And now, according to the Associated Press, he's off to the slammer. Price was sentenced earlier this week to 110 months in prison after pleading guilty to wire fraud and money laundering.
"Mr. Price hopes that others will learn from his reckoning that there is no easy money," Price's lawyer wrote in an email to media outlets. "He has the balance of the 110-month sentence to reflect, repent and rebuild his misspent life."
Federal prison is no walk in the park and Price will have over nine years to think about the consequences of his actions. We can guarantee no strippers will be coming to visit him there. The report did not state if Price's sentencing also includes paying back the government the money he stole. There's a decent likelihood he'll have to make some restitution once he's released.
Sadly, Price was not the only one who took advantage of the aid program. Also in 2020, a Florida man was charged with fraudulently obtaining $3.9 million in government relief funds. He also had a thing for Lamborghinis and opted for a Huracan.