From a Lamborghini to a custom Rolex, here are the wildest things business owners bought with their PPP loans
A Florida man was convicted of fraudulently receiving $3.9 million in PPP loans, which he used to buy a Lamborghini and shop at Saks Fifth Avenue.David Hines of Miami pleaded guilty to wire fraud after receiving $3.9 million in fraudulent PPP loans, according to the Justice Department. He was sentenced in May 2021 to more than six years in prison.
According to the indictment documents, Sah used the PPP funds to purchase properties in Texas, luxury jewelry, a Bentley, a Porsche, a Chevrolet Corvette, and two Cadillacs. According to the indictment documents, the defendants did not use the PPP loans for payroll expenses and instead used the funds to buy jewelry, two Range Rovers, an Acura, and a Mercedes-Benz.
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