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Lambos & Hoes...funded by PPP


Dennis Taylor

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LOL at this guy being referred to as an entrepreneur...

https://www.click2houston.com/news/local/2020/08/04/houston-entrepreneur-spent-16m-in-covid-19-relief-funds-on-lamborghini-strip-clubs-prosecutors/  

 

Quote

Prosecutors said Price was involved in a scheme to submit fraudulent Paycheck Protection Program (PPP) loan applications to federally insured banks and other lenders. Two of the fraudulent applications Price made received funding, according to the criminal complaint:

  • Price Enterprise Holdings allegedly received $900,000
  • A loan application listing 713 Construction was approved for $700,000

 

“The loan applications allegedly asserted both entities each had numerous employees and significant payroll expenses,” officials wrote. “According to the charges, however, neither entity has employees nor pays wages consistent with the amounts claimed in the loan applications.”

Officials also said the person who was listed as the CEO of 713 Construction had died in April 2020, more than a month before the loan application was submitted.

Price is accused of using the money to make “lavish personal purchases” including a Lamborghini Urus, a Rolex watch, a 2020 Ford F-350 pickup truck and a real estate transaction, officials wrote.

“He also allegedly spent thousands at strip clubs and other Houston night clubs,” officials wrote.

 

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3 minutes ago, Dennis Taylor said:

Price is accused of using the money to make “lavish personal purchases” including a Lamborghini Urus, a Rolex watch, a 2020 Ford F-350 pickup truck

Although a nonviolent crime, this guy should see the inside of a prison cell for a long time and live in a dirt hut after that. Or put him in an octagon with about 20 small business owners who can barely stay afloat.

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Just now, Newdoc said:

Although a nonviolent crime, this guy should see the inside of a prison cell for a long time and live in a dirt hut after that. Or put him in an octagon with about 20 small business owners who can barely stay afloat.

I like this idea 

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