A person buys Lamborghini from the money of coronavirus help - Daily Current fairs

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Wednesday, 29 July 2020

A person buys Lamborghini from the money of coronavirus help

A person buys Lamborghini from the money of coronavirus help


Some people in the world are struggling with coronavirus (Covid-19), who are serving their interests by cheating crores of crores in the epidemic's period. One such case comes from Florida, USA. A person took so much help from the government in the name of Corona Assistance Fund that it started making fun with that money and it also bought a Lamborghini car from this money. The Washington Post reported that the man named David T Hines is one million of American businessmen who sought government help amid extreme conditions caused by a coronavirus.


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Before May 13, David T. Hynes had more than the US $ 30,000 in his corporate bank account. But the 29-year-old changed his fortunes quickly after taking a loan of nearly $4 million from the Federal Paycheck Protection Program (PPP).


Hynes was seen hiking in Miami’s Miami Beach in New Lamborghini. The price of this car is $318,000. If we value it in Indian rupees, then it is over 2 crore 38 lakhs.


Now Federal Prosecutor says that Hynes used hundreds of thousands of dollars of PPP loans for his moving companies to buy cars for his expenses, shopping and staying in expensive hotels instead of covering payroll.


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Officials said the Justice Department announced on Monday that Hynes was arrested and charged with making false statements to a lending institution, bank fraud, and engaging in unlawful earning.

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