Lambos & Hoes...funded by PPP

[Dennis Taylor 18819]

LOL at this guy being referred to as an entrepreneur...

https://www.click2houston.com/news/local/2020/08/04/houston-entrepreneur-spent-16m-in-covid-19-relief-funds-on-lamborghini-strip-clubs-prosecutors/  

 

Quote

Prosecutors said Price was involved in a scheme to submit fraudulent Paycheck Protection Program (PPP) loan applications to federally insured banks and other lenders. Two of the fraudulent applications Price made received funding, according to the criminal complaint:

• Price Enterprise Holdings allegedly received $900,000
• A loan application listing 713 Construction was approved for $700,000

 

“The loan applications allegedly asserted both entities each had numerous employees and significant payroll expenses,” officials wrote. “According to the charges, however, neither entity has employees nor pays wages consistent with the amounts claimed in the loan applications.”

Officials also said the person who was listed as the CEO of 713 Construction had died in April 2020, more than a month before the loan application was submitted.

Price is accused of using the money to make “lavish personal purchases” including a Lamborghini Urus, a Rolex watch, a 2020 Ford F-350 pickup truck and a real estate transaction, officials wrote.

“He also allegedly spent thousands at strip clubs and other Houston night clubs,” officials wrote.

 

[Newdoc 3440]

3 minutes ago, Dennis Taylor said:

Price is accused of using the money to make “lavish personal purchases” including a Lamborghini Urus, a Rolex watch, a 2020 Ford F-350 pickup truck

Although a nonviolent crime, this guy should see the inside of a prison cell for a long time and live in a dirt hut after that. Or put him in an octagon with about 20 small business owners who can barely stay afloat.

[Js1 85326]

Just now, Newdoc said:

Although a nonviolent crime, this guy should see the inside of a prison cell for a long time and live in a dirt hut after that. Or put him in an octagon with about 20 small business owners who can barely stay afloat.

I like this idea 

[sidis 9828]

sorry for partying...

[Judge Roybeanbag 11819]

7 minutes ago, sidis said:

sorry for partying 1%ing

Fify.

[clapclapclap 9000]

Dude is persistant:

 

 

Edited August 5, 2020 by clapclapclap

[Blotto 23500]

Seems like such a bulletproof plan, hard to see where things went awry. 

[Errestaurants 2570]

Had to be a surly member

[NeverMarryAStripper 21907]

1 hour ago, Blotto said:

Seems like such a bulletproof plan, hard to see where things went awry. 

He didn't take the money and sit on a beach (in a country without an extradition treaty) and earn his 20%

[deadshank 24652]

I seem to recall saying this crap would happen.  
 

and it did

when do I get paid?

[Nice Guy Eddie 13512]

 

[bad_teammate 13195]

Doesn't draw enough water to do basically the same fraud but with politicians in his pockets to provide cover.

[Deej 76776]

40 minutes ago, Errestaurants said:

Had to be a surly member

Wasn't financing used Corvettes and Scandinavian trannys.

[gmr548 16580]