I’m telling you, the feds ought to just go to the states and ask for all the Lambo registrations since the beginning of the year. It’s like every one of these PPP scammers runs out to buy a high end car.
7 charged with stealing millions in Covid-19 relief, spending it on Lamborghini and Porsche
The alleged conspirators, based in Texas and Illinois, were charged with wire fraud and conspiracy to commit wire fraud, the Justice Department said.
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The Justice Department alleged that the group submitted dozens of fraudulent loan applications that included falsified payroll expenses, tax forms, bank records and other documents.
Hundreds of fake paychecks were cashed by fake employees — including Aqueel’s 86-year-old mother — at a check-cashing business owned by one of the defendants, the indictment alleges.
They sought $30 million from the Payroll Protection Program, the federal loan program that set aside more than $600 billion to assist small businesses during the coronavirus pandemic this year, according to the indictment.