One of the first things David T. Hines bought when he got $4 million in COVID-19 relief loans from the feds for his supposedly ailing South Florida moving business was a super-luxury Lamborghini Huracan Evo, authorities say.
Needless to say, the Italian-made sports car — purchased by Hines in May for $318,497 — was not on the list of permissible expenses under a Small Business Administration loan program meant to protect employees and cover other legitimate costs like rent during the coronavirus pandemic.
Federal investigators linked the Lamborghini to Hines, who appeared in Miami federal court on fraud and other charges Monday, after he was involved in a hit-and-run accident on July 11. Miami police impounded his car, and now prosecutors plan to seize it. Story continuesThe reality: Hines’ companies, including Unified Relocation Solutions in Miami, showed monthly revenue and expenses averaging about $200,000 — “far less than the millions of dollars in payroll that Hines sought in the PPP applications,” a criminal affidavit says.
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