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Florida Man accused of buying Lamborghini with coronavirus relief funds

We'll preface this by saying that when things work as they're meant to, we don't hear about them. When it comes to the Paycheck Protection Program, created as part of the CARES Act in March to provide loans to businesses to pay employees during the coronavirus lockdown, that means many jobs were saved but we also get stories of honest businesspeople unable to get loans or blackguards abusing the program. This story is the latter. David T. Hines, a 29-year-old Miami man with four businesses, applied for PPP funds in May. He received about $3.9 million in loans, and blew about $500,000 of that before the government began investigating and his bank froze his accounts. Instead of applying for loans to cover monthly expenditures of about $200,000 among his four moving-related companies, the feds say, Hines' four applications through Bank of America claimed combined monthly expenses of $4 million to pay 70 employees. BofA approved three of the four submissions. After the government made its first of three planned deposits of $3,984,557 into Hines' Bank of America account, Hines continued requesting more money, authorities say, ultimately seeking $13.54 million.  The spending began almost immediately after the PPP disbursement. As far as the government could tell by going through Hines' records, none of the money was spent on employees who "either did not exist or earned a fraction of what Hines claimed in his PPP applications.” Instead, officials say, Hines picked up a blue Lamborghini Huracan Evo for $318,497. He paid a person he listed as "Mom" $60,000. Saks Fifth Avenue got another $4,000. In June, $8,500 went to the Graff jewelry boutique, and $7,000 went to Miami's Setai hotel. The disbursement problem has arisen because the Small Business Administration that backs the PPP loans doesn't verify the claims in the applications, according to Assistant U.S. Attorney Michael Berger. How did Hines get caught, then? He got into a hit-and-run accident in his blue Lamborghini in July, and Miami police impounded the car. That eventually attracted investigation from no less than six governmental departments: the FDIC-OIG, USPIS, IRS-CI, the SBA-OIG, the Board of Governors of the Federal Reserve System, and the Bureau of Consumer Financial Protection-OIG. The U.S.

Lamborghini Veneno Roadster stands in for fighter jet aboard Italian carrier

How do you draw even more attention to $4.47 million hypercar? Placing it atop an aircraft carrier in the Persian Gulf ought to do the trick, as Lamborghini has demonstrated with the live reveal of the new Veneno Roadster on the flight deck of the Italian Navy's Cavour.
Docked in the port of Mina Zayed, Abu Dhabi, the 787-foot flat-top is being used as a floating showcase of Italian products, with Lamborghini chosen to represent the automotive industry. A fitting location to unveil a roadster that looks like the half-breed lovechild of a fighter jet and a Le Mans racer, particularly since Sant'Agata is bound to find in the Emirates a buyer for at least one of the nine Veneno Roadsters it will produce.
"We are honored that Lamborghini was chosen to represent the Italian car industry in the UAE, as a perfect example of iconic Italian super sports cars, and that we have the opportunity to show the Veneno Roadster for the first time in Abu Dhabi, said Lamborghini chief Stephan Winkelmann. "Lamborghini has an extremely strong following in the region for its super sports cars, with the Middle East one of our largest markets in the world." Turn up the Kenny Loggins and ride into the danger zone with photos from the event in the gallery above and the press release below.

Lamborghini says it could build the Sterrato rally car at a profit

Automobile spent an hour working out the Lamborghini Huracan Sterrato concept at the Volkswagen Group's Nardo test track. Naturally, the question of a production version came up. Maurizio Reggiani, Lamborghini's chief technical officer, told the magazine a customer version would be possible, only because "the provisional business case suggests that we can build this car at a profit." And the secret to making money on the car would be 3D printing. The composition of the Sterrato is 96 percent bone-stock Huracan EVO. Same naturally aspirated 5.2-liter V10 with 631 horsepower and 442 pound-feet of torque, same all-wheel drive, four-wheel steering and torque vectoring, same 20-inch wheels. The exterior departures come in the handling software retuned for dirt and loose surfaces, a 1.85-inch lift, fender flares and a one-inch wider track, off-road tires backed by mud guards, aluminum plates front and rear. and those auxiliary LED lights. The cabin gets a titanium roll cage and five-point racing harnesses. Perhaps save for the software, the edits are cosmetic add-ons, and Reggiani said Lamborghini can fabricate "all restyled or new body panels, claddings, ducts, and splitters on 3D printers." The carmaker developed a kind of plastic especially for the cause, "a lightweight synthetic material which is in its final shape bolted or screwed onto the finished body." The Automobile piece said Lamborghini would need to assess the material's durability, and perhaps sort out a different solution for the "armadillo rear-window cover that messes up what view there is." There would also be the "jackhammer noise level" to attend to. Otherwise, the mag's assessment is that the Sterrato is "even more playful than its brethren, and the mere prospect of enjoying a long cold winter in a hard-core sports car is bound to make quite a few Lambophiles reach for their checkbooks." The case for the car is presented as the Sterrato forming one in a line of special edition Huracans that will maintain interest in the model until the replacement arrives in 2023 or 2024. Next year we'd get the hardcore Huracan STO, or Super Trofeo Omologato. A potential Sterrato could show in 2021, limited to between 500 and 1,000 units, sold for about $271,000 each. That's about $9,000 more than the 2020 Huracan EVO AWD coupe. A Huracan hybrid would be follow in 2022, a Huracan Superveloce providing the model's backstop before the successor.