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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.

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

Huynh Nguyen

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