Man arrested in USA for using Covid-19 relief loans to buy a new Lamborghini worth ₦123m
An American businessman, David T. Hines has been arrested after he diverted the $4 million (₦1.5billion) COVID-19 relief loans he got and bought an expensive Lamborghini Huracan Evo.
The loans approved by the Trump administration and Congress were meant for Hines’ supposedly ailing South Florida moving business.
The Italian-made flashy car — purchased by Hines in May for $318,497 (₦123million) — was not on the list of permissible expenses under a Small Business Administration loan program meant to protect employees and cover other legitimate costs like rent during the coronavirus pandemic.
After being arrested over the weekend, it was gathered that he has also spent thousands of dollars on dating websites, jewelry and clothes, along with stays at high-end hotels such as the Fontainebleau and Setai on Miami Beach.
