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.

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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.

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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.

Man arrested for using Covid-19 loans to buy Lamborghini