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Texas man gets prison for buying Lamborghini with Covid funds

A Texas man who spent coronavirus relief funds to feel a little less bored during lockdown is staring down a nine-year prison term after pleading guilty to wire fraud and money laundering. Lee Price III finagled more than $1.6 million in low-interest relief loans, the Associated Press reports, which he spent to pay off a mortgage and buy a couple of cars: an $85,000 Ford F-350 and and Lamborghini Urus.  According to the Houston Chronicle, Price's scheme involved funneling a little under $1 million through each of two of his businesses (Price Enterprises Holdings and 713 Construction), both of which Price claimed had large payrolls that needed to be covered using emergency funds from the Paycheck Protection Program (PPP). While these were ostensibly loans, they were structured to be forgiven if the funds were distributed within 10 calendar days and the borrower applied for forgiveness within 10 months of taking the loan. Provided those criteria were met, it was essentially free money to cover payroll. Price's employees, however, did not exist.   You'll be forgiven for thinking you've heard this story before. Coronavirus really seemed to bring out the Lamborghini fans. A California man was accused of adding one to his garage (along with a Ferrari and Bentley) and plead not guilty earlier this year to charges that he scammed more than $5 million from the PPP. Last year, a Florida man's scheme to defraud the same program was undone by a hit-and-run accident in the blue Lamborghini Huracan Evo he bought with the proceeds. 

Lamborghini Gallardo production ends on No. 14,022

The Lamborghini Gallardo made its debut at the Geneva Motor Show in 2003, after Volkswagen Group's Audi bought the Italian automaker. With a V10 engine, all-wheel drive and relatively high production numbers for a Lamborghini (about 2,000 per year), it easily became the the company's best-selling car. Ten years later, Gallardo production has ended to make room for a new super sportscar that has been seen testing and is widely referred to as the Cabrera (Lamborghini hasn't officially said what it will be called).
The last Gallardo to roll off the assembly line was a LP 570-4 Spyder Performante in Rosso Mars (Mars Red). It's No. 14,022 and will be going to a private collector. In the first four decades of Lamborghini's existence, before the Gallardo was released the year of the company's 40th anniversary, the automaker built an average of 250 cars per year. Do the math and you'll realize that almost half of the roughly 30,000 Lamborghinis built since 1963 are Gallardos.
The Gallardo was continually improved over the years, resulting in ever higher horsepower, direct-injected engines, rear-wheel-drive models and the open-top Spyder, such as the Gallardo LP 550-2 Spyder we tested in 2012.

Lamborghini unveils 50th anniversary Aventador Roadster and Gallardo

Though hardly moving into Porsche levels of 50th Anniversary celebrations, Lamborghini is taking its own golden jubilee pretty seriously. The Italian company treated the world to a 50 Anniversario version of the Aventador LP720-4 earlier this year in Shanghai. At this year's swanky show at The Quail during Pebble Beach weekend, Lamborghini is showing off the convertible version of the car, the very sultry Aventador LP 720-4 Roadster 50 Anniversario.
What's more, the company has brought along the anniversary-treated Gallardo LP560-2 50 Anniversario as well, which we officially saw for the first time in China. Hey, a stage full of Lambos is no bad thing in our book.
As the coupe version before it, the 50th Anniversary Aventador has been massaged to make a full-bodied 720 horsepower from its stunning 6.5-liter V12, as well as done up with special edition paint and badging. A subtlety redesigned front splitter will call out the limited run Aventador Roadster to those in the know, too. Enough reading; check out both the Aventador Roadster and the celebratory Gallardo, live from the show stand at The Quail, in our attached galleries of images.