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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. 

Watch a 1,000 hp twin-turbo Lamborghini Huracan dyno run

AMS/Alpha Performance, known for their Audi R8 V10 Alpha 10 Twin Turbo package, have laid their eager hands on the Lamborghini Huracan. In this short and sweet video, the newly improved prototype Huracan struts its stuff on the dynamometer. Like the Audi, the Huracan also gains a pair of Garrett ball bearing turbos coupled with intercoolers, and the car has been built as a prototype of their stage one turbo system. It is virtually identical to the production version of AMS's twin turbo package for the Huracan, and the system has been devised to be a bolt-on system. The AMS package can be shipped out to anyone in the Alpha dealer network and installation has been made straightforward enough. "There is no hacking or cutting up the car", says Alpha's VP and lead engineer, Arne Toman. "It has been designed to be safe for the stock engine and transmission, and the only driveline improvement is an upgraded clutch pack which we include in the package." With pump gas, the Huracan TT Alpha 10 has a Veyron-baiting 1,000 horsepower, with the fuel system "maxed out" according to Arne. The Stage 2 setup, which will include forged engine internals, will go for 1,500 hp, while the third stage package dishes out more than 2,000 horsepower according to AMS. The prototype Huracan will run at the Gold Rush Rally next month, from Boston to Los Angeles. It should be a proper shakedown to prove the car's reliability, which is one aspect AMS Performance has been going for. Related Gallery AMS Alpha Lamborghini Huracan Twin Turbo Image Credit: AMS Performance Aftermarket Lamborghini Supercars Videos alpha

London police joyride in Lamborghini Huracan

A pair of Metropolitan London police officers are in hot water after they questionably impounded a Lamborghini Huracan earlier this summer. Oh, and they took it for a joyride. The stop, pictured above, occurred on June 2. The Huracan belongs to a rental car company was pulled over for having no insurance near Heathrow Airport. In Britain, police use a national database to run license plates to see if a car is insured. London-based City Supercars had recently updated the insurance on the $260,000-Lambo. However, there was a lag before the information was uploaded to the database. When manager Erwyn Mackee tried to explain the situation on the phone, the police weren't interested. "The officer was just being unreasonable and out of hand on the phone to me, and I was just trying to explain the facts calmly. He was just off his head, completely bonkers - it was very frustrating," Mackee told the Telegraph. So the Lambo was seized. But police decided to have a little fun with the car before sending it to an impound lot. Mackee checked the traffic-tracking software in the Huracan and found that officers were having a blast with their new prize. At one point, they hit 63 miles per hour in a 30-mph zone. Mackee called Met police out on Twitter. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Mackee, who is also a lawyer, told the Telegraph that the problem has been resolved amicably. Scotland Yard was embarrassed by the incident and punished the officers involved. One officer received three points on his license while the other was subject to management action. Related Video: