29yr old Breh arrested for finessing government for $1.6 million, buying hoes and Lambos

[TNC]

I'm honestly not surprised we haven't heard about MORE of this.

Those PPP funds getting dished out and thousands of people trying to find ways to come up from it, its not a game I'd be willing to play tho

 

[lespaulultra3]

10k is chump change, he will get away with it. Not worth the FEDS time & money to prosecute him

They came after me for 14k and went after my ex for $700. They definitely go after the small fish too.

 

[GoFlipAPack]

What if he would have flipped that 1.6 to 3.2 and then been like..."oh my bad . I'll pay it back" and kept the profit?

 

[NatiboyB]

They wont even give people a 1200 stimulus check. Nothin is chump change to these cacs

 

[mrfortune]

WHAT A DUMBASS. I WOULDA HAD A HOTEL IN TAHITI WITH 6 WIVES OR SOMETHING

 

[shopthatwrecks]

Houston entrepreneur spent $1.6M in COVID-19 relief funds on Lamborghini, strip clubs: prosecutors


Houston entrepreneur spent $1.6M in COVID-19 relief funds on Lamborghini, strip clubs: prosecutors

HOUSTON – A 29-year-old Houston 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 during the hearing and a detention hearing was scheduled for Thursday at 10 a.m.

Prosecutors said Price was involved in a scheme to submit fraudulent Paycheck Protection Program (PPP) loan applications to federally insured banks and other lenders. Two of the fraudulent applications Price made received funding, according to the criminal complaint:

• Price Enterprise Holdings allegedly received $900,000
• A loan application listing 713 Construction was approved for $700,000

“The loan applications allegedly asserted both entities each had numerous employees and significant payroll expenses,” officials wrote. “According to the charges, however, neither entity has employees nor pays wages consistent with the amounts claimed in the loan applications.”

Officials also said the person who was listed as the CEO of 713 Construction had died in April 2020, more than a month before the loan application was submitted.

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.

If convicted, Price could face a maximum penalty of up to 30 years in federal prison and $1 million fine on the bank fraud charge and up to 10 years in federal prison and a $250,000 fine for the unlawful transactions charge.

Credit: HPD
The many mug shots of Lee Price III who has a criminal record dating back to 2007 when he was a teenager.

What is PPP?
The Small Business Administration (SBA) guarantees the loans for COVID-19 relief through the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief and Economic Security (CARES) Act which was enacted on March 29.

The PPP allocated $349 billion in forgivable loans to small businesses for job retention and certain other expenses. In April 2020, the United States Congress authorized another $300 billion towards the PPP.

i know this nikka..

nikka coulda got those vehicles at an auction

 

[calixprynce]

This. I’ve said before government might not get at you right away due to Covid. But once everything die down they on that ass. From the fake applicant to the people getting half just for helping you to apply . Them the mf that’s def getting snitched on fast .

Right now only fools that’s gotta worry about being caught up are the big amount types.

Then you got idiots who applying for homes after they done got a scam loan

Idiots who on gov assistance getting it . Like fam once they see your resources or income exceeding it’s a wrap . Cuz Lord know you done ran thru that 10k

and dont let Trump fucc around nd get re-elected.

 

[Eclipser]

What is this fool's coli username?

 

[calixprynce]

Spoiler: Spoiler

yup

glad u didnt go thru with it breh , u a good contributor to TLR

 

[CHICAGO]

So all dem cacs can eat and take advantage of the system but they come down on this breh

Breh was an idiot flossing that quickly though.

Should have invested the money in legitimate businesses like a laundromat etc etc

THERES LITERALLY BEEN MULTIPLE THREADS
OF CACS GETTING LOCKED UP FOR THE SAME shyt.

FEDS ABOUT TO GET ALL THESE GOOFIES.



​

 

[iBrowse]

So all dem cacs can eat and take advantage of the system but they come down on this breh

Breh was an idiot flossing that quickly though.

Should have invested the money in legitimate businesses like a laundromat etc etc

There’s yt people who got caught in this PPP scheme too.

 

[humminbird]

What if he would have flipped that 1.6 to 3.2 and then been like..."oh my bad . I'll pay it back" and kept the profit?

they're taking all of it and then some
IRS and The feds live for this

 

[88m3]

hope they get everyone, f'cking it up for legit small business owners

 

[Methodical]

FED TIME!!!

I wonder if someone could have finessed and left the country or if they would have come after you?

Depending on where you move to and that countries extradition process. They will keep track of you and the moment you step foot on US soil or a country that has no problem extraditing you back, then it’s a wrap.

They'd definitely come after you, ain't no way around it, but then I'm underestimating criminals. You'd need a professional criminal to give you an entire new identity, a country where you can stay lowkey, and a bank to hold the money.

I'm thinking a smart criminal would flip $50,000 a few times and that's it.

Remind me of the movie Catch Me If You Can with Tom Handy and Leonardo Dicaprio. That movie was based on a true story. Crazy part is that dude ended up get an FBI job

 

[Numpsay]

$10K aint shyt when it comes to money dog.
They probably wont waste their time on that amount.

The more you make, the higher your chances are of getting audited.
Which is why its dumb as hell to try and scam damn near a million if you dont know what youre doing.

I can tell you on very good authority they will absolutely waste their time for that amount even if not immediately. May not get jail time but you will have to pay that money back, ain't no running from it either because then can and will garnish your checks if necessary.