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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's Lock out as American COO

It looks like Lamborghini is going to need a new executive to run its North American operations, as the man who's held the job until now has parted ways with the exotic automaker.
That man is Michael Lock, who has held the position of Chief Operating Officer at Automobile Lamborghini America LLC for nearly two years now. We don't know what the reasons are for his departure, or for that matter whether the departure was instigated by Lamborghini or Lock. However, Lamborghini's official notice released yesterday does state rather flatly: "as of today the collaboration with Michael Lock, COO of Automobili Lamborghini America, is terminated" even as it thanks the executive for his efforts and wishes him the best moving forward.
For the moment, Lock's post will be assumed by Thomas Felbermair, Commercial Director at Automobili Lamborghini, while site operations will be handled by Rene? Sueltzner, who is also in charge of after sales at Automobili Lamborghini America.

Lamborghini Huracan Sterrato (Snowy) Road Test: Hitting the slopes in Vermont

"Yellow f***ing Lamborghini!" I've been spotted. I'm trying to change my boots as inconspicuously as I possibly can in the parking lot next to the ski lift, but when you're perched on the door sill of a Huracan Sterrato, a shiny yellow beacon in a field of filthy gray SUVs, there's no hiding. A young man on skis is losing his mind a short distance away, issuing the profanity-laced call to his friends to come to take a look at the bright wedge in the icy lot, and I know it's going to be a few extra minutes before I make it to the lift. You can't fault their excitement. Southern Vermont is unlikely Lamborghini territory at the best of times. In mid-January? Forget about it. You might see a brave Carrera 4, but that's about as exotic as it gets this time of year in the Green Mountains. In January, the hope is always that those mountains will be white. The roads, though, were in quite a state: muddy and icy and sloppy, and the perfect testing ground for this oddball supercar. Lamborghini showed its intent with the 2019 Sterrato concept, but it wasn't until mid-2022 that the company confirmed they'd actually build the thing. On paper, that thing doesn't seem so special. A paltry 44 mm of lift does not a rally car make, nor 30 and 34 mm of additional track at the front and rear, respectively, nor the bolted-on fender flares and questionably functional skid plates. But, as Brett Berk learned when he drove it through the desert, minor updates on paper can create fantastic cars. I planned for a test of a different sort, to pilot this delightful beacon across the winding and filthy roads of Upstate New York and Southern Vermont toward one of my favorite mountains. The car you see here, which Lamborghini provided for a long weekend, came complete with numerous options, the most significant (and worthwhile) being the $9,800 for the Giallo Inti paint. Total price? That would be $348,649 including the $3,695 destination charge and $2,100 gas guzzler tax – a lot of money for a winter beater. One of those options, though, threatened to stymie the trip before I even got out of my driveway. The accessory roof basket and the spare wheel Lamborghini attached to it using the included “wheel retainer belt” gives the Sterrato a certain stance and character. However, it created some challenges. I had initially planned on using my SeaSucker mount to simply stick my board on the roof and head for the hills. There was no room.