A Miami man is accused of spending part of his Paycheck Protection Program loan on a 2020 Lamborghini Huracan, according to reports. The Department of Justice accused David T. Hines, 29, of seeking $13.5 million in loans by writing fraudulent loan applications under the guise of several companies, Fox 9 reported. The New York Times reported that Hines claimed that he operated four companies with dozens of employees with about $4 million in monthly expenses. The Times reported, citing authorities, that he pulled in three payments of $3.9 million. Those firms made up less than 15% of the nearly 5 million small companies and organizations that received loans.

Source: Fox News July 28, 2020 03:33 UTC