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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 expands Huracan range with rear-wheel-drive convertible

The Lamborghini Huracan LP580-2 Spyder completes the game of fill-in-the-blanks in the Italian's automaker's V10-powered lineup. With the brand already having proved its customary formula of "Remove the roof, retain the awesome," we expect this to be another uncommonly pleasing convertible from Sant' Agata Bolognese. The three-layer roof and mechanism migrate from the all-wheel-drive spyder. Taking 17 seconds to lower, the bodywork springs various tricks to maintain the appropriate cabin atmosphere. Two fins emerge from the B-pillar to preserve the car's profile, with narrow ducts in those fins managing wind flow through the engine compartment. Keeping the rear window up also calms the cockpit, lowering it invites the breeze and the wail of the engine. Additional zephyr management measures come in the form of removable mesh windguards that can be fitted next to the headrests. View 26 Photos Minor adjustments to the front and rear are the only visible differences between the RWD coupe and Spyder. The 5.2-liter V10 rocks the same 572 horsepower and 398 pound-feet of torque and top speed holds steady at 198 mph, but the 0-60 mile-per-hour time creeps up by two tenths of a second to 3.6 seconds. Dry weight clocks in at 3,320 pounds, a 258-pound jump over the coupe, but 330 pounds less than the all-wheel-drive Huracan Spyder we sampled - and loved - earlier this year. Lamborghini says the Huracan rear-wheel-drive spyder price will slot in between the MSRP of the two- and four-wheel drive coupes when the car goes on sale in January 2017. Before then, you can view it for the much more reasonable price of "free" when it's unveiled at the LA Auto Show. Related Video: Image Credit: Live photos copyright 2016 Drew Phillips / Autoblog LA Auto Show Lamborghini Convertible Luxury Performance Supercars Videos Original Video

Zagato Lamborghini 5-95 successfully aims to be an instant collectible [w/video]

1965 was the first time Zagato and Lamborghini hooked up, when the Milanese coachbuilder created the Lamborghini 3500 GTZ for Marquis Gerino Gerini. There have been several more collaborations since then, the one you see above being the latest: the Lamborghini 5-95, created for collector Albert Spiess and designed to be "a modern collectible" in honor of Zagato's 95th anniversary.
Underneath its Speed Racer curves is a Gallardo LP570-4, its visual mass pushed forward thanks to the striving front fascia and a wind deflector at the bottom of the windshield that lengthens the hood, and a shortened trunk that "reveals the brutality of the mechanical components" in back. Between them are Zagato trademarks like wraparound glass and the double-bubble roof, and the size of the obvious air intakes has been reduced by hiding others in the greenhouse and fixing a center intake above the roof.
The Lamborghini 5-95 is on show at this year's Concorso d'Eleganza Villa d'Este at Lake Como in Switzerland. As for being a collectible, since it's headed straight for Spiess' garage afterward, we'd say they've got that part sealed up. For you non-collectors, there's a short video where you can hear the car fire up and a press release below with a lot more info.