Texas man given nine years in prison over $1.6m Covid Lamborghini fraud
by Maya Yang from US news | The Guardian on (#5SGT4)
Lee Price pleaded guilty to wire fraud and money laundering after obtaining relief loans and spending it on luxury items
A Texas man was sentenced to nine years in prison after fraudulently obtaining $1.6m in Covid-19 relief loans and spending it on a Lamborghini sports car and other luxury items.
In March 2020, then president Donald Trump signed a $2tn emergency relief and spending bill to alleviate economic stresses faced by individuals, businesses and healthcare facilities. The DoJ has since prosecuted more than 150 defendants in more than 95 cases for attempts to defraud the Paycheck Protection Program (PPP).
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