(KPRC/NBC NEWS) — A 29-year-old Texas man has been accused of making fraudulent applications for COVID-19 relief aid and then spending the money on cars and strippers.
According to a release from the U.S. Attorney’s Office Lee Price III, of Houston, was arrested and 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 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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