Jewelry, Strippers & A Lamborghini: Texas Man Accused Of COVID-19 Fraud
Houston man accused of making fraudulent applications for coronavirus relief aid and then spending the money cars, strippers and other luxury goods. KPRC's Sofia Ojeda reports.
HOUSTON, Texas (KPRC/NBC News) — A 29-year-old Houston, Texas man is accused of making fraudulent applications for coronavirus relief aid and then spending the money on luxury items, according to a release from the U.S. Attorney’s Office.
Lee Price III was arrested and is charged with making false statements to a financial institution, wire fraud, bank fraud and engaging in unlawful monetary transactions. He appeared in federal court at 2 p.m. Tuesday and was appointed a federal public defender.
Prosecutors said Price was involved in a scheme to submit fraudulent Paycheck Protection Program (PPP) loan applications to federally insured banks and other lenders.
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.
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