He thought to take advantage of the chaos that currently reigns in the United States for short-changing the american administration. After you have had three loans guaranteed by the State to a value of about 4 million dollars, David T. Hines offered the new model of Lamborghini Huracan Evo with a value of $ 318,000, as a first purchase, with the money of the State, reports Le Figaro. Prior to the may 13, 2020, the bank account of this American residing in Florida, however, was in the red with an overdraft of more than 30 000 dollars, says the Washington Post.
But the economic crisis due to the coronavirus is passed through it, and David T. Hines was able to get the loan with the Paycheck Protection Program (PPP) set up by Donald Trump to help the businesses affected and which expects $ 349 billion of loans. Less than a week after receiving the money, he wandered in the streets of Miami with his new luxury car. According to the Miami Herald, he would have been arrested after a hit-and-run to the edge of his Lamborghini.
Up to 70 years in prison
Since then, he is accused of bank fraud and false statements to a banking institution in the United States and could face up to 70 years in prison. After his arrest, the police seized the car, as well as $ 3.4 million which had been distributed on various accounts. The individual does not stop with the purchase of his luxury car. He also took the opportunity to stay in Luxury hotels in Miami and spend money in clothes and other jewellery.
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in order to achieve its purposes, David T. Hines has made a request for seven different companies in order to obtain $ 13.5 million at a bank in Charlotte. The latter has finally approved the payment of $ 3.9 million. According to the prosecutor in charge of the investigation, the fraudster said lead 70 employees, but no trace of an active Internet site has not been found for its seven businesses. A review of the accounts of the companies shows that the cash inflow hovered around $ 200,000 per month, far short of the amount requested by David T. Hines.Updated Date: 28 July 2020, 09:33