A Texas businessman who is accused of securing $1.6M in coronavirus relief funds and spending it on a Lamborghini, a Rolex and strip clubs has been charged with fraud.
have also gone to celebrities like Kanye West and the artist Jeff Koons, the Church of Scientology and Joe Farrell, a billionaire property developer.of obtaining $4 million in paycheck protection funding and buying a 2020 Lamborghini Huracán, valued at $318,000.
Federal authorities said Price received two loans — one for $900,000 and another for $700,000 — for two businesses that he said had"numerous" employees and"significant" payroll expenses, according to his applications. The businesses had neither, authorities said, and Price is alleged to have spent the money on a Lamborghini Urus, a Rolex watch and a 2020 Ford F-350 pickup. He is also accused of spending thousands of dollars at strip clubs and nightclubs in Houston, the statement said.
It wasn't clear whether Price entered a plea Tuesday. The Federal Public Defender in Houston, which is representing Price, didn't immediately respond to a request for comment.
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