Lee Price III of Houston sentenced to prison after using PPP loans on Lamborghini, Rolex

The bank granted the loan and Price received $937,500 on June 26, 2020, according to the complaint. That day, Price bought a Rolex watch. The next day, he bought a Lamborghini. And in the days that followed, he spent thousands of dollars on trips to the liquor store, a strip club, and a few nightclubs in Houston. He also used $100,000 upfront on a Houston property and spent a similar amount renting office space in the area, according to the lawsuit.