A Floridian is been indicted of illegally attaining nearly $4 million from the Paycheck Protection Program and using part of the money to buy a $318,000 Lamborghini.
The accused otherwise known as David T. Hines, Age 29, of Miami, Florida, was arraigned on Friday July 24 and charged with one count of bank fraud, one count of making false statements to a financial institution and one count of engaging in transactions in unlawful proceeds, the Department of Justice said in a news release.
National agents have taken the vehicle into their custody, valued at $318,000, and $3.4 million from his bank accounts when he was arrested, the Justice Department said.
The criminal complaint against Hines was unsealed on Monday July 27, upon his initial appearance before U.S. Chief Magistrate Judge John J. O’Sullivan in the Southern District of Florida.
The objection asserts that Hines sought approximately $13.5 million in PPP loans through applications on behalf of several companies, the DOJ news release said.
According to the complaint, Hines submitted fraudulent loan applications that made “numerous false and misleading statements” about the companies’ payroll expenses. David was approved for approximately $3.9 million in loans,
Within days of receiving the PPP loan in May, Hines allegedly bought a 2020 Lamborghini Huracan for $318,497, which he registered jointly in his name and in the name of one of his companies.
The Sector for Justice asserts that David did not make the payroll payments he claimed on his loan applications, but also spent thousands of dollars on dating websites, jewelry and outfits and stayed at high-end hotels such as the Fontainebleau and Setai on Miami Beach, the Herald reported.
Hines was ordered to stay at his mother’s home with a GPS monitor until his next arraignment on Oct. 14.
Airplane Collision At The Murtala Muhammed Airport, Lagos, Nigeria.
A wing tip accident was witnessed at the cargo area of the Murtala Muhammed International Airport (MMIA), Lagos on Wednesday July 29.
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The accident occurred when a Middle East Airlines plane was coming to park on the apron while a Turkish Airlines aircraft was taxiing out.
Passengers on the Turkish Airlines flight were made to disembark and it was further learnt that the Nigerian Civil Aviation Authority (NCAA) have been notified and would issue a statement on the incident.
Wisconsin Man Splits $22 Million Lottery Winning With Best Friend To Uphold A 30 Years Old Promise.
A Wisconsin man who won the $22 million dollar jackpot last month decided to split his lottery winnings with his best friend to honour a promise he made nearly 30 years ago.
In 1992, two best friends, Thomas Cook and Joseph Feeney, promised each other that if anyone wins the lottery, they will split the winnings equally, 50-50. They did not write a formal contract but simply shook hands after making the deal.
In June 2020, decades after they made the promise, Thomas Cook of Elk Mound won the Powerball jackpot after purchasing a lottery ticket from a gas station in Menomonie.
After winning, Cook contacted his friend Joseph Feeney. At first, Feeney thought Cook was joking because the pair would buy lottery tickets every week with no luck.
Man splits $22 Million lottery winning with his best friend to uphold a promise made nearly 30 years ago
Both men have agreed to take home $16.7 million and will receive $5.7 million each after federal and state taxes. Both men are retired and say they plan to go on vacation.
They also said they have many other plans to spend the money but want to have more quality time with their children and grandchildren.
“We possess the ability to chase what we feel comfortable with, I can’t think of a better way to retire.”
The gas station where Cook bought the ticket has also received $100,000 for selling the lottery ticket.
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