“ Bank of America approved three PPP applications for Hines. In each he claimed 70 employees, with monthly payroll expenses totaling $4m. He was paid $3,984,557.
But his accounts for preceding months indicated monthly inflows and outflows of $200,000 and payments resembling payroll were for small amounts to just 12 people.
On receiving the PPP funds, he made two payments of $30,000 to a recipient noted as “Mom”.”
Man buys Lamborghini after getting nearly $4m in coronavirus loans, authorities say | Coronavirus outbreak | The Guardian
But his accounts for preceding months indicated monthly inflows and outflows of $200,000 and payments resembling payroll were for small amounts to just 12 people.
On receiving the PPP funds, he made two payments of $30,000 to a recipient noted as “Mom”.”
Man buys Lamborghini after getting nearly $4m in coronavirus loans, authorities say | Coronavirus outbreak | The Guardian
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