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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. 

Join us for a closer look at the Lamborghini Huracan Sterrato

Unveiled in November 2022, the Sterrato is the final and arguably wildest evolution of the Lamborghini Huracan. The limited-edition coupe isn't scheduled to enter production until February 2023, but Autoblog got to check it out in the flesh at a preview event held in Denmark. The first all-terrain variant of the Huracan looks just as cool in person as it does in Lamborghini's official photos. Seeing it up close reveals some of the finer design details that the press shots didn't show, like the subtle "Sterrato" logo on both roof rails and the exposed bolts that hold on the wheel arch flares. I also got to take a peek in the engine bay for a look at the other side of the roof-mounted intake system. While the Huracan STO also features a roof-mounted scoop, it's used to channel cooling air into the engine bay. Rouven Mohr, the head of Lamborghini's research and development department, told Autoblog that his team re-imagined the scoop as the intake system's inlet after realizing that dust clogs the air filters via the stock, side-mounted intake system. While that's not a huge deal in Los Angeles traffic, it's important off the pavement because the Sterrato's purpose isn't to crawl over boulders; it was designed to go very fast on unpaved surfaces. "Its purpose is fast off-roading," Mohr told me. "In my mind, off-road you're always going a little bit slow and climbing up somewhere. This is not the intention; this car can also climb but its intention is going sideways on gravel, rally-style." Zooming out, the Sterrato is a racing livery away from looking like a rally car. It's considerably taller than the other Huracan variants, and it looks even higher in person than it does in photos. If you see it in the right light you can spot some of the underbody hardware between the wheels and the arches in spite of the meaty tires. The side skirts and rear diffuser have been given a more off-road-ready design as well. We'll need to be patient to find out what the Sterrato is like to drive, but it's a recipe for fun on paper. It's powered by a version of the STO's naturally-aspirated, 5.2-liter V10 engine that develops 610 horsepower at 8,000 rpm and 417 pound-feet of torque at 6,500 rpm; the revised intake system is to blame for the 21-horse drop. Lamborghini quotes a 3.4-second sprint from zero to 62 mph and a top speed of 162 mph.

Lamborghini teaser previews rebirth of original Countach LP500

Lamborghini's Countach revival at last month's Monterey Car Week perhaps didn't quite make the splash the company was hoping for. Many critics skewered the reskinned Sian as a retro cash grab, leaving Acura's vague announcement of a new Integra at the same time to generate far more excitement on the interwebs. Now Lamborghini's teasing the return of another Countach, but we think this one will face sunbstantially less ire. Lamborghini posted a mysterious teaser to social media yesterday, but kept coy on what exactly it was. The teaser's text merely said, "50 years ago it paved the road to the future. Now it's back on the road," accompanied by a roaring V12 soundtrack. No image of the car is actually shown, but we do get footage of craftsmen crafting a fantastic bucket seat that looks like the love child of Irving Harper and Ludwig Mies van der Rohe sofas. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This is almost certainly a re-creation of the driver's perch of the original Countach LP500 concept that debuted on March 11, 1971, at the Geneva Motor Show. The yellow Gandini wedge would go into production in 1974 and sear itself into the imaginations of adolescents around the globe. However, this isn't a straightforward restoration project from Lamborghini's Polo Storico restoration center. After the show rounds, the Countach LP500 concept was used as a test mule, its 5.0-liter V12 reportedly destroyed and replaced with a four-liter closer to the production LP400's. Ultimately, according to Lamborghini, the concept gave its life in a 1974 crash test in order to homologate the production car. As the car was scrapped, it's technically not possible to restore the original. So, is Lamborghini re-creating the Countach LP500 concept? That part remains to be seen, but whatever it is, it'll likely be a better homage to the legend than the LPI800-4.