nine years in prison for buying a Lamborghini with covid aid

It’s called having eyes bigger than your stomach. Lee Price, a Texan entrepreneur, was sentenced to 9 years in prison for fraudulently obtaining $1.6 million in aid under the Paycheck Protection Program, aimed at helping American businesses deal with the coronavirus crisis, explains the Capital site. Unfortunately, Mr. Price was not transparent with the national authorities since he allegedly deliberately lied « about the number of employees and the salary expenses for each request » made for three different companies, explains the justice department.

Investigators began to have doubts about Lee Price when they took a closer look at his various expenses, which included a Lamborghini Urus, a Rolex and a Ford F-350 truck, for a respective amount of 233,000, 14,000 and 85,000 dollars, underlines the authorities. He also took the opportunity to repay his mortgage.

A total of more than $700,000 was seized from him and deducted from the repayments he still has to make. “He hopes others will understand that there is no easy money. He will spend the 110 months of his sentence reflecting, repenting and rebuilding his wasted life., explains Tom Berg, his lawyer.

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