FLORIDA, UNITED STATES.- A man who spent the money received to alleviate the effects of covid-10 by buying a Lamborghini for $ 318,000 (about 7,660,620 lempiras) pleaded guilty in the last hours before the Florida judge , United States.
David T. Hines, A 29-year-old businessman, applied to the bank 7:00 loans under the Payroll Protection Program (PPP), which was created to help troubled businesses during the pandemic of the coronavirus.
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The bank approved three of the seven loans requested by Hines, for which they disbursed $ 3,984,557. With the money, the businessman bought several luxury items, including the vehicle with which he crashed months later and fled.
Detectives were able to verify that the car was in his name and began investigating.
“As part of his guilty plea, Hines admitted that he fraudulently sought millions of dollars in PPP loans by applying to a financial institution on behalf of different companies,” the Florida Attorney’s Office explained.
In addition, he added that “the guilt documents indicate that after receiving the PPP funds, Hines did not make the payroll payments that in the loan applications he claimed he would make. Which actually went to do was to use PPP money for personal expenses. “
For the fraud, the man will receive the sentence on April 14.
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