51°F
weather icon Clear

Man accused of using COVID relief funds to buy Lamborghini sent to prison

HOUSTON — 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.

According to prosecutors, Price also used the money to buy an $85,000 pickup truck and to pay off a loan on a residential property.

Don't miss the big stories. Like us on Facebook.
THE LATEST
 
Biden to highlight progress, ask for patience during news conference

The East Room event will offer Biden an opportunity to spotlight his accomplishments before a national audience, and he was sure to highlight the bipartisan infrastructure law enacted on his watch.

Airlines cancel, change flights to US over 5G dispute

It wasn’t immediately clear whether airlines took into account that mobile carriers AT&T and Verizon agreed this week to pause the rollout of the new high-speed wireless service near key airports.

Website launches for ordering free COVID-19 home tests

The Biden administration on Tuesday quietly launched its website for Americans to request free at-home COVID-19 tests, a day before the site was scheduled to officially go online.

Storm Izzy pummels third of country, heads up East Coast

Tens of thousands of customers were without power in Georgia, North Carolina, South Carolina and Florida. Highway patrols reported hundreds of vehicle accidents, and a tornado ripped through a trailer park in Florida.

 
More worrisome variants expected after omicron, scientists say

“The faster omicron spreads, the more opportunities there are for mutation, potentially leading to more variants,” Leonardo Martinez, an infectious disease epidemiologist at Boston University, said.

‘Prayers answered’: All Texas synagogue hostages safe, captor killed

Authorities said a man took hostages Saturday during services at a Texas synagogue where the suspect could be heard ranting in a livestream and demanding the release of a Pakistani neuroscientist who was convicted of trying to kill U.S. Army officers in Afghanistan.

Your missing package may have been stolen from LA train

Thieves have been raiding cargo containers aboard trains nearing downtown Los Angeles for months, taking packages belonging to people across the U.S. and leaving the tracks blanketed with discarded boxes.

 
How to request a free COVID test kit

A new federal website to request free test kits launches Wednesday, with the first shipments going out to Americans by the end of the month.

Supreme Court stops vaccine mandate for US businesses

The Supreme Court has stopped the Biden administration from enforcing a requirement that employees at large businesses be vaccinated against COVID-19 or undergo weekly testing and wear a mask on the job.