A businessman from Florida has been arrested and charged with fraud after allegedly claiming $4 million in coronavirus relief funds and spending the money on expensive hotels and a Lamborghini.
29-year-old David T. Hines from Miami claimed he had over two hundred employees working for him across his multiple businesses as he applied for a Paycheck Protection Program (PPP) loan.
Hines – Instagram / ©U.point 26 | S.point 28 | Attorney’s Office – Federal Court Exhibit [small photo]
In his application, Hines allegedly insisted hundreds of workers were employed by his four businesses, including Promaster Movers, Unified Relocation Solutions, We pack Moving LLC, and Cash-in Holdings LLC, and that he required $13 million to continue paying the workers amid the pandemic.point 335 | 1
According to the reports, however, the authorities later found out that Hines had been deceitful in his application and that he only had 12 employees.
The businessman has also been accused of using a part of the claimed relief funds on expensive hotels, dating websites, and a new Lamborghini Huracan Evo.
Following the 29-year-old’s arrest, the authorities seized his brand-new $300k car along with the remaining $3.4 million he had on his bank accounts.
Hines, whose bond was set at $100,000, is set to be arraigned on October 14. Meanwhile, he was allowed to stay at his mother’s home provided he wears a GPS monitor.
Just the week before he got arrested, Hines was also issued a fine after refusing to put on a face mask while in Miami Beach. According to the businessman, the incident was “hilarious and disturbing.”
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Replaced!