A Houston man who used his Covid-19 relief funds to buy a Lamborghini has been sentenced to nine in prison.
The man didn’t just use his aid for the luxury sports car-he also put it towards a Rolex watch and several visits to strip clubs.
The man, Lee Price, pleaded guilty to wire fraud and money laundering in September.
Price used more than $1.6 million in funding from the Paycheck Protection Program to make his purchases.
Texas man who got over $1M in COVID funds and bought Lamborghini gets long prison sentencehttps://t.co/Rfbop1gxMs
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Price’s lawyer said in a statement, “Mr. Price hopes that others will learn from his reckoning that there is no easy money.”
