Thursday, 13 August 2020 16:20

Texas Man Accused of Buying Lamborghini Urus With COVID Relief Funds

Written by Adrian Padeanu, Motor1.com


“The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.”

This is the description you will find on the U.S. Small Business Administration's website in the section dedicated to coronavirus relief options.


However, some business owners decided to take advantage of the COVID-19 stimulus by fraudulently using the funds to purchase high-end vehicles and making other unnecessary expenditures.


After a Florida man accessed the program to buy himself a shiny new Lamborghini Huracan worth $318,000, a similar story has emerged about someone from Texas.


He too acquired a Lamborghini, but instead of opting for the naturally aspirated V10 supercar, he decided to go with a Lambo Urus. The high-performance SUV packing a twin-turbo V8 engine kicks off at over $222,000 in the U.S. for the 2021MY.


He reportedly secured $1.6 million in PPP loans and used some of the funds to also acquire a Rolex and a 2020 Ford F-350 truck.


It goes without saying the man is now facing multiple charges, including for making false statements to a financial institution, wire fraud, bank fraud and engaging in unlawful monetary transactions.

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