Man accused of using relief funds on Lamborghini gets prison
HOUSTON (AP) — A Houston man has been sentenced to more than nine years in prison after he was accused of using federal COVID-19 relief funding on a Lamborghini, a Rolex watch and trips to strip clubs, federal prosecutors said.
Lee Price III, 30, was sentenced Monday to 110 months in prison. Price pleaded guilty in September to wire fraud and money laundering.
“Mr. Price hopes that others will learn from his reckoning that there is no easy money,” Price’s lawyer Tom Berg said in an email to news outlets. “He has the balance of the 110-month sentence to reflect, repent and rebuild his misspent life.”
Prosecutors accused Price of fraudulently using more than $1.6 million in funding from the Paycheck Protection Program, which gave low-interest loans to small businesses struggling during the pandemic.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
No decision yet from area schools on closures ahead of Friday cold...
Baton Rouge blood bank up in flames amid dangerous shortage nationwide, St....
City-Parish taking precautions before wintry weather later in the week
Attempted break-in at Hebert Guns
Elderly man beaten, bound by armed robber at his home