‘dating websites, luxury jewelry, clothing retailers and Miami Beach resorts,’ the feds said.
Hines was forced to forfeit $3.4 million and the Lamborghini, which he paid $318,000 for, according to a
The man’s fake cash grab which requires meeting federal grant criteria may have worked out had it not been for a hit and run the man was involved in while driving the flashy
Italian sports car in July.
Hines ran a
moving company business in South Florida, and had applied for the Federal Paycheck Protection Program loans at the height of last year’s
coronavirus crises that far exceeded his actual business expenses, the Justice Department said. He pleaded guilty in February.
Jamf Holding Corp (JAMF) Q1 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the BigCommerce s first-quarter 2021 earnings call. [Operator instructions] Please be advised that today s conference is being recorded. I would now like to turn the conference over to your first speaker today, Daniel Lentz, head of investor relations. Thank you, please go ahead.
Daniel Lentz
Head of Investor Relations
[Audio gap] and chairman, Brent Bellm; and CFO, Robert Alvarez. Today s call will contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning financial and business trends, our expected future business and financial performance and financial condition, and our guidance for the second quarter of 2021 and the full-year 2021. These statements can be identified by words such as expect, anticipate, intend, plan, believe, seek, will, or similar words.
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May 12, 2021
5:21 PM ET
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A Florida man was sentenced to more than six years in federal prison on Wednesday after using fraudulent COVID-19 relief checks to purchase a Lamborghini.
David Hines of Miami pled guilty to wire fraud on Feb. 10 after he used Paycheck Protection Program (PPP) loans to purchase a $318,000 Lamborghini Huracan. Hines was forced to return $3.4 million in fraudulently obtained PPP loans as part of his sentence.
Florida Man Sentenced After Fraudulently Obtaining $3.9 Million in PPP Loanshttps://t.co/3kUGVIlE7L
Hines originally applied for $13.5 million in PPP loans. He claimed that he had to pay $4 million a month to 70 employees at four different companies. Instead, he used the $3.4 million he obtained to go on vacations, and purchase clothes, jewelry, and the Lamborghini.