Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Man gets millions in COVID-19 aid, buys a Lamborghini

Post News Network
Updated: July 29th, 2020, 09:46 IST
in Coronavirus, Feature
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

A Florida man who bought luxury goods including a Lamborghini sports car after receiving nearly $4m in loans from the paycheck protection program (PPP) has been charged with fraud, federal authorities announced.

PPP payments are meant to help small businesses hit by the coronavirus pandemic.

Also Read

Trending video

Funny video: Bear tries to sleep, but what this mysterious animal does will shock you!

2 days ago
Viral video

Video: He hit her again and again; viral CCTV footage shows how crowd reacted

4 days ago

A US Department of Justice complaint alleges that David Hines applied on behalf of a few companies for about $13.5m in PPP loans, used money he received to shop at luxury stores and resorts in Miami Beach, then lied about how much he had paid to employees.

Hines was 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.

Bank of America approved three PPP applications for Hines. In each he claimed 70 employees, with monthly payroll expenses totaling $4m. He was paid $3,984,557.

But his accounts for preceding months indicated monthly inflows and outflows of $200,000 and payments resembling payroll were for small amounts to just 12 people.

On receiving the PPP funds, he made two payments of $30,000 to a recipient noted as “Mom”.

“Within days of receiving the PPP funds, Hines purchased a 2020 Lamborghini Huracan sports car for approximately $318,000, which he registered jointly in his name and the name of one of his companies,” prosecutors said.

In Washington, Democrats and Republicans are debating whether to renew Covid-19 relief payments and business loans set to expire at the end of this month.

Senate Republicans have unveiled a $1tn pandemic aid package that includes a second round of $1,200 stimulus payments and a “sequel” to PPP which would allow hard-hit firms with 300 or fewer workers to access further financial support.

At least 15 other individuals have been charged in similar cases to that involving Hines, including defendants in Virginia, Texas and Ohio.

In May, Forbes reported that David A Staveley (AKA Kurt D Sanborn) of Andover, Massachusetts, and David Butziger of Warwick, Rhode Island, allegedly conspired to illegally obtain PPP funds.

Staveley and Butziger, who allegedly claimed more than $500,000, were charged with conspiracy after claiming on dozens of employees at four business entities when in truth they had no employees at all.

Staveley allegedly faked his own death to avoid prosecution but was arrested last week in Alpharetta, Georgia.

Tags: COVID-19FloridageorgiaLamborghiniUS administration
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019

Archives

Editorial

Chinese H-1B

Pic- IANS
October 7, 2025

When US President Donald Trump’s administration in a new fiat, made the coveted H-1B visa available to foreigners at a...

Read moreDetails

Toxic Syrup

Cough syrup
October 6, 2025

Drug adulteration is a major scourge in India where an unholy nexus of the all-powerful pharma industry and unscrupulous doctors,...

Read moreDetails

List of Lowlights

October 5, 2025

At the end of every year, the organisation I represent puts out a report on human rights in India. This...

Read moreDetails

Double Standards

DILIP CHERIAN
October 4, 2025

When the screen at Prime Minister Modi’s rally in Banswara went dark for ten minutes, the fallout was swift: Rajasthan’s...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST