A Florida man used coronavirus relief money to fund his supercar purchase.
Of all the paths one could take to reasonably obtain an exotic like a Lamborghini - winning big at the lottery, building your own empire over several decades, or being Kanye West - illicitly using Covid-19 relief funds isn't the wisest, and it's certainly not the most ethical.
Yet this is exactly what a Florida man apparently did before being arrested and charged with bank fraud. According to The United States Department Of Justice, an amount of $3.4 million from bank accounts and the 2020 Lamborghini Huracan, valued at $318,000, were seized.
As if that wasn't bad enough, the 29-year-old man by the name of David T. Hines reportedly crashed the Huracan earlier this month and promptly left the scene. The hit-and-run ultimately led authorities to connect the dots and uncover the fraudulent supercar purchase.
Hines was said to have obtained Paycheck Protection Program (PPP) loans to the value of $3.9 million, some of which was used to buy the Huracan. Additional charges leveled against him were for false statements given to a financial institution and another count of "engaging in transactions in unlawful proceeds."
Although Hines initially applied for PPP loans totaling $13.5 million on behalf of several companies, only $3.9 million was eventually approved. Just days later, Hines bought the Huracan and also made purchases at numerous resorts and retailers in the Miami Beach area. The promised payroll payments, the very reason for the loan, never materialized. In Florida's Southern District on Monday, Hines appeared before US Chief Magistrate Judge John J. O'Sullivan and was notified of the charges.
After being granted a $100,000 bond, Hines will be allowed to stay with his mother on condition of wearing a GPS monitor until his arraignment on October 14.
Shockingly, this isn't the first time that someone used vital pandemic relief funds for the purchase of new vehicles. Earlier this month, a 51-year-old man followed the same route as Hines by using PPP loans to buy several cars, including a Dodge Charger.
Fortunately, not every sports car has been a source of controversy amid the global pandemic. For instance, an epic supercar collection was put up for sale with 100 percent of the proceeds going towards the people who need it most. If only everyone had the same noble intentions, recovery from the scourge of the virus would be a lot easier.