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2021-12-01 -Lurid Crime Tales-

Texas man who used COVID relief funds to buy Lamborghini sentenced to prison

[NYPOST] 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 documents.

On the applications, Price used the name of a person who died before the documents were submitted, the court documents said.

In the 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 gains to buy a Lamborghini Urus, a Ford F-350 truck and a Rolex watch, the DOJ said.

The DOJ said authorities have recovered over $700,000 in the fraudulently obtained money.

Posted by Fred 2021-12-01 00:00|| || Front Page|| [24 views ] Top

#1 Why a Rolex? He doesn't have a mobile phone?

Posted by Merrick Ferret 2021-12-01 00:56|| 2021-12-01 00:56|| Front Page Top

#2 Why a Lamborghini Urus? A Ford F-350 truck works perfectly fine in Texas. Bling.

Posted by Procopius2k 2021-12-01 07:39|| 2021-12-01 07:39|| Front Page Top

#3 "funds that he used for the purchase of a Lamborghini and other expenses."

I heard Strip Clubs were also in the 'expenses' mix.

Well, he is a Houston guy.

Posted by Mullah Richard 2021-12-01 15:42|| 2021-12-01 15:42|| Front Page Top

#4 Whitey's fault all around. Whitey made the temptation available and whitey cut down on him for succumbing to the temptation.

Posted by M. Murcek 2021-12-01 15:50|| 2021-12-01 15:50|| Front Page Top

#5 I bet he still didn't donate to the Salvation Army.

Posted by Slappy 2021-12-01 19:38|| 2021-12-01 19:38|| Front Page Top

#6 [Almost black] Texas man who used COVID relief funds to buy Lamborghini sentenced to prison

Posted by Skidmark 2021-12-01 22:16|| 2021-12-01 22:16|| Front Page Top

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