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HOUSTON — A Houston man has been sentenced to more than nine years in prison after he was accused of using federal COVID-19 relief funding on a Lamborghini, a Rolex watch and trips to strip clubs, federal prosecutors said.
Prosecutors said Lee Price III also used the money to buy a Rolex and an $85,000 Ford F-350 pickup truck and to pay off a loan on a residential property.
Prosecutors accused Price of fraudulently using more than $1.6 million in funding from the Paycheck Protection Program, which gave low-interest loans to small businesses struggling during the pandemic.
Lee Price III was sentenced to nine years in a federal prison after authorities said he fraudulently obtained federal coronavirus relief funds.
Prosecutors accused Price of fraudulently using more than $1.6 million in funding from the Paycheck Protection Program, which gave low-interest loans to small businesses struggling during the pandemic.