World

COVID-19 relief fund fraudster bought Lamborghini, jailed

HOUSTON – A Houston man has been sentenced to more than nine years in prison after he was accused of using federal COVID-19 relief money on a Lamborghini, a Rolex and trips to various locations. strip club, federal prosecutors said.

Lee Price III, 30, was sentenced to 110 months in prison on Monday. Price pleaded guilty in September to committing fraud and money laundering.

“Mr Price hopes that others will learn from his thinking that there is no easy money,” Price’s attorney Tom Berg said in an email to the news agency. “He has a 110-month sentence left over to reflect, repent and redo his erroneous life.”

Prosecutors allege Price fraudulently used more than $1.6 million in funding from the Paycheck Protection Program, a low-interest loan program for small businesses struggling during the pandemic. .

According to prosecutors, Price also used the money to buy an $85,000 pickup truck and pay off a home loan.

.

Source link

news7h

News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button