Florida man arrested for allegedly using COVID-19 small business aid money to buy Lamborghini

A Florida man was arrested on July 27 after federal authorities say he used $3.9 million in Paycheck Protection Program (PPP) loans to purchase a Lamborghini sports car for himself.

29-year-old David T. Hines was arrested and 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, according to the U.S. Department of Justice.

In the past few weeks, Florida has become one of the hotspots for U.S. COVID-19 cases and recently passed New York for having the second-most confirmed cases in the country, behind California.

Hines was in federal custody over the weekend, released on bond on Monday, and is scheduled to be arraigned on October 14.

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