FOREIGN NEWS

A man jailed for using Covid_19 Loan to buy Lamborghini and Rolex Wrist Watch!!

A man in Texas identified as Lee Price has spent the Covid_19 Loan given to him on Lamborghini Urus.

Lee Price III, spent the government loan he collected to ease the effect of COVID-19 to acquire a Lamborghini Urus. Lee was jailed on Tuesday after US authorities arrested him for using $1.6 million in pandemic aid to go on a spending spree.

Lee Price, who got two separate loans from the government under the Paycheck Protection Program to pay the employees he never had, was charged with fraud by the Justice Department.

A statement by the Justice Department said that Instead Lee spent the funds on lavish goods like a sports car and a Rolex watch, as well as real estate.

He also got himself an F-350 pickup truck, and thousands of dollars at Houston strip clubs, according to the statement. Price used the names of two companies: Price Enterprises Holdings which allegedly received more than $900,000, and 713 Construction which got over $700,000.

The loans were for the payment of his workers in the two companies but neither had employees and “the individual listed as CEO on the 713 Construction loan application died in April 2020, a month before the application was submitted,” according to the complaint. He was convicted for this fraud.

One Reply to “A man jailed for using Covid_19 Loan to buy Lamborghini and Rolex Wrist Watch!!

  1. Can Audible Work?
    First, you receive a complimentary audiobook
    and take a trial of Audible out. This really is among
    those classics or an originals.
    At the conclusion of your trial, you can purchase a subscription of Audible.
    You need to register to your membership using your Amazon account.

    Audible awards with a single charge each month. You can use this credit
    to buy Audible audio books in various categories such as technology, fashion, love,
    social media, advertisements, etc..
    You can buy more Audible credits or pay-per audio book, if you would
    like to buy more books.
    Lately, a member can download a couple of six Audible Originals.
    They do not charge any credits. These Audible Originals can be kept by you forever.

    You have all Audible audio books in your library in the event you
    cancel your subscription.
    You can listen to Audible audio books anywhere using apps for Windows, your phone or Mac computer or Alexa apparatus.|
    What is Audible?
    With over 300,000 titles to its title, Audible is the world’s
    biggest seller and producer of audiobooks. https://luckyflirt.com/blogs_post.php?id=28625

Leave a Reply

Your email address will not be published. Required fields are marked *