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08-06-2020, 00:21
08/05/20
A Houston man faces federal charges that allege he fraudulently obtained and spent more than $1.6 million in loans issued under the Paycheck Protection Program (PPP).
https://www.vietbf.com/forum/attachment.php?attac hmentid=1631205&stc=1&d=1596673275
Allegations related to spending suggest the Texas resident, identified as 29-year-old Lee Price III in a report released by the Department of Justice, used the money for a variety of personal expenses and recreational activities. Lee is accused of using the funds to purchase "luxury items," including a Lamborghini, Rolex watch, 2020 Ford pickup truck, and unspecified pieces of real estate. He allegedly spent "thousands" on visits to local strip clubs and night clubs in Houston, as well.
Lee was arrested and taken into federal custody on Tuesday, the same day he was scheduled to appear in court for the first time, according to the justice department's report. He is charged with wire fraud, bank fraud, engaging in illegal monetary transactions, and making false statements to a financial institution.
READ MORE (https://www.newsweek.com/texas-man-fraudulently-used-16m-ppp-loan-strip-clubs-lamborghini-rolex-booze-feds-say-1523124?utm_source=p ushnami&utm_medium=Push_Noti fications&utm_campaign=automat ic&UTM=1596672361930)
A Houston man faces federal charges that allege he fraudulently obtained and spent more than $1.6 million in loans issued under the Paycheck Protection Program (PPP).
https://www.vietbf.com/forum/attachment.php?attac hmentid=1631205&stc=1&d=1596673275
Allegations related to spending suggest the Texas resident, identified as 29-year-old Lee Price III in a report released by the Department of Justice, used the money for a variety of personal expenses and recreational activities. Lee is accused of using the funds to purchase "luxury items," including a Lamborghini, Rolex watch, 2020 Ford pickup truck, and unspecified pieces of real estate. He allegedly spent "thousands" on visits to local strip clubs and night clubs in Houston, as well.
Lee was arrested and taken into federal custody on Tuesday, the same day he was scheduled to appear in court for the first time, according to the justice department's report. He is charged with wire fraud, bank fraud, engaging in illegal monetary transactions, and making false statements to a financial institution.
READ MORE (https://www.newsweek.com/texas-man-fraudulently-used-16m-ppp-loan-strip-clubs-lamborghini-rolex-booze-feds-say-1523124?utm_source=p ushnami&utm_medium=Push_Noti fications&utm_campaign=automat ic&UTM=1596672361930)