COVID-19 loan fraud, gaming the system and more

This Lambo loan is a no-no

According to authorities, David T. Hines, 29, first bought a super-luxury Lamborghini Huraca Evo after he received $4 million in COVID-19 relief loans for his supposedly ailing South Florida moving business.

The Italian sports car — which he purchased for $318,497 in May — isn’t, of course, on the list of permissible expenses under a Small Business Administration loan program that’s meant to protect employees and cover other legitimate costs, like rent, during the coronavirus pandemic.

Hines, who was arrested on July 24, also spent thousands of dollars on dating websites, jewelry and clothes, plus stays at high-end hotels such as the Fontainebleau and Setai on Miami Beach. According to the article, he was granted a $100,000 bond and will be allowed to stay at his mother’s home with a GPS monitor. Hines’ arraignment is scheduled for Oct. 14.

See He bought a Lamborghini after getting a $4 million PPP loan. Now he faces a fraud charge. by Jay Weaver, Miami Herald, July 28.

6 former NFL players allegedly try to game the system

Six former NFL players have been charged with defrauding a health care benefit program for retired NFL players, according to an NBC Sports article.