Texas man Lee Price III who used COVID relief funds to buy Lamborghini sentenced to prison

On Monday, a Texas man was sentenced for fraud to COVID-19 relief money that he used to purchase a Lamborghini.

Lee Price III (30), pleaded guilty September to wire fraud, money laundering and other charges. The Department of Justice stated that he falsified his application for PPP loan funds, which amounted to $1.6 million.

Price applied for the papers using the name of someone who had died before they were filed, according to court documents.

He also falsified the payroll expense and number of employees at the three businesses he claimed to own, as per court records.

The DOJ stated that Price took some of the illegal gains and bought a Lamborghini Urus as well as a Ford F-350 truck, Rolex watches, and a Lamborghini Urus.

DOJ stated that authorities had recovered $700,000.

A Lamborghini Urus, the car Price bought with his COVID relief funds.
The Lamborghini Urus was the vehicle Price purchased with COVID relief funds.
Getty Images

More Long Island News


water damage risks

Navigating the Risky Waters of Water Damage Business

This industry is dedicated to helping property owners recover after disasters such as flooding, storms, leaks, and other water-related accidents. Experts in the field provide essential services including water removal, drying, dehumidification, mold remediation, and structural repairs to mitigate water damage risks. They also often offer 24/7 emergency response for clients. The High Demand for […]