David T. Hines Biography David T. Hines Wiki
A Florida man David T. Hines allegedly stole nearly $ 4 million from the U.S. government’s coronavirus relief loan program – and used part of the money on a brand-new Lamborghini and other luxury items, the US officials said on Monday.
Fed prosecutors accused a FL man Mon of fraudulently obtaining nearly $4 mill from the Paycheck Protection Program & using some of the money to buy a Lamborghini sports car.
The man, David T. Hines, 29, of Miami, was charged with bank fraud.https://t.co/yTTF76smZK
— Indivisible SoSnoCo (@Ind4AllSoSnoCo) July 28, 2020
David T. Hines Age
He is 29 years old.
David T. Hines charged with bank fraud
David T. Hines was charged with bank fraud, making false statements to a financial institution and negotiating illicit earnings in an unsealed criminal complaint on Monday.
David T. Hines tried to get $ 13.5 million
Hines, 29, from Miami, first tried to get $ 13.5 million from the payment protection program through applications on behalf of different companies, saying he needed the money for employees’ payroll.
It turns out that “these so-called officials did not exist or were earning a fraction of what Hines claimed in his P3 orders,” the statement said.
The bank finally approved three of the loans, totaling $ 3.9 million.
Days after pocketing the money, Hines reportedly bought a Lamborghini Huracán 2020 worth more than $ 318,000.
He also spent thousands of dollars on dating sites, jewelry and clothing and elegant hotel stays in Miami Beach, according to the complaint.
Federal investigators linked the sports car to Hines
Federal investigators linked the sports car to Hines after he was involved in an accident and was executed on July 11, the Miami Herald reported.
Miami police seized the vehicle, which federal prosecutors now plan to seize.
When the bank froze the accounts of the Hines companies on June 24, it showed a balance of $ 3,463,162, but no loan payments.
David T. Hines Arrested
Hines was arrested on Friday. He was released on $ 100,000 bail by the US chief justice, John O’Sullivan, during his first court appearance on Monday.
He will be able to stay at his mother’s house with a GPS monitor. His indictment is scheduled for October 14.