Name: Houston man spent $1.6 million in COVID-19 relief fund money on cars, strip clubs, feds say
Brand: khou.com
SKU: khou-com-85
Availability: OnlineOnly

critic

Houston man spent $1.6 million in COVID-19 relief fund money on cars, strip clubs, feds say

preview

Breaking NewsLee Price III is also accused of using the CARES Act funds on real estate, a Rolex and a Ford F-350 pickup.3:08 PM CDT August 4, 2020HOUSTON — A Houston man is in big trouble with the feds who say he spent $1.6 million in COVID-19 relief funds on a $200,000 luxury vehicle, a fancy truck and other items.Lee Price III, 29, was arrested on charges of making false statements to a financial institution, wire fraud, bank fraud and engaging in unlawful monetary transactions.U.S. Attorney Ryan K. Patrick said Price cooked up a scheme to submit fraudulent applications for the Paycheck Protection Program loans.The loans were intended to help businesses continue to pay employees during the pandemic.Instead, Price bought a Lamborghini Uras, a Ford-350 pickup, real estate, a Rolex and other luxury items, according to Patrick.RELATED:RELATED:He also allegedly spent thousands at strip clubs and other Houston night clubs.One of the applications for 713 Construction listed a CEO who died a month before it was submitted.Price got $700,000 for that one and another $900,000 for another company. Neither company has employees, according to the charges.Price has a long rap sheet in Houston dating back to 2007 when he was a teenager.The CARES Act was designed to provide emergency financial assistance to millions of Americans who are suffering the economic effects from the COVID-19 pandemic.Some people and businesses who had legit needs for the money have complained they never received it.Paid AdvertisementNotifications can be turned off anytime in the browser settings.No ThanksAllow

Breaking NewsLee Price III is also accused of using the CARES Act funds on real estate, a Rolex and a Ford F-350 pickup.3:08 PM CDT August 4, 2020HOUSTON — A Houston man is in big trouble with the feds who say he spent $1.6 million in COVID-19 relief funds on a $200,000 luxury vehicle, a fancy truck and other items.Lee Price III, 29, was arrested on charges of making false statements to a financial institution, wire fraud, bank fraud and engaging in unlawful monetary transactions.U.S. Attorney Ryan K. Patrick said Price cooked up a scheme to submit fraudulent applications for the Paycheck...

public

Michelle Homer

khou.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Houston man spent $1.6 million in COVID-19 relief fund money on cars, strip clubs, feds say

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS