Wednesday, 07 April 2021 20:59

Tesla Model 3, $2.2M Seized from Man Who Fraudulently Obtained COVID-19 Relief Loans

Written by Joey Klender, Teslarati


...20 years in federal prison for wire fraud, followed by three years of supervised release.


While accelerating the transition to sustainable energy is undoubtedly the main interest of Tesla, buying an all-electric car through a fraudulent manner of actions is not ideal for helping the environment.


Brooks also purchased 38 other used cars, the DOJ said, among them a 2017 Mercedes Benz S Class, two 2017 INFINITI Q50s, a 2015 Cadillac Escalade, a 2005 Bentley Continental, a 2014 GMC Yukon XL and several older model luxury vehicles.


The terms of the PPP loan do not show the purchase of these vehicles is an appropriate use of funds. The business must use the PPP loan for payroll costs, mortgage interests, rent and utilities.


We thank Teslarati for reprint permission. 


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