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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 Lanzador Concept — what it's like to drive an extreme EV vision of the future

MONTEREY, Calif. — ItÂ’s not every day that an automaker gives you the chance to drive a priceless, one-of-one concept car on regular roads. ItÂ’s not every day that the car is LamborghiniÂ’s Lanzador concept, an EV thatÂ’s LamborghiniÂ’s (VOW3.DE) vision of what an electric, Lamborghini hypercar will look and feel like, when it comes out in 2028 — a distant five years from now. Yahoo Finance was one of only a handful of outlets allowed to drive the Lanzador. There are many rules in life, but when an automaker gives you the keys to a one-of-a-kind supercar — you take them. 'It looks like a spaceship' Many industry experts were surprised that Lamborghini even debuted this car, a 2028 model, during last month's Monterey Car Week — let alone allow a few select journalists to drive it, but here we are. At first blush, the Lanzador is unmistakably a Lamborghini. Industry watchers expected the car to be a GT-style sport touring car with two rows, or in this case a 2+2 seating design, but Lamborghini went with a two door coupe setup. WeÂ’ll see if this holds for the production model. The Lanzador sits higher up, with extra ground clearance, giving the car an almost crossover look, though with a much lower roofline. The car has LamborghiniÂ’s shark-like front and strong shoulder line, which flows into sporty, wide haunches and an extremely raked rear windshield housed in the rear hatch door. The car is all hard angles, no curves. “The starting point is a super sports car proportion in a higher position, a pilot position,” said Lamborghini head of design Mitja Borkert to Yahoo Finance. “Lamborghini is always designed with this one single center line — this is our trademark — this is where you recognize a LamborghiniÂ… So if I'm doing this and if I'm doing the sculpture already, you've got a beautiful Lamborghini because it looks like a spaceship, and something really innovative.” Inside, the Lanzador is even more “concept car,” with a floating dash and center console, featuring sharp angles you might see in an alien starcraft. The seats sit low in the cabin, though higher than in a sports car, and feature impossibly thin cushions giving it a stark, futuristic look. My first thought was, "Does the interior, with its amped up and dramatic vibe, give the EV the emotion it needs, given the fact an EV drivetrain usually subdued?" Rouven Mohr, LamborghiniÂ’s chief technology officer, thinks so.

Autoblog's top 50 car photos of 2016

This one shouldn't need much explanation. We like cars a whole lot, and that includes not just driving them but taking great pictures of them. We've collected our 50 favorite images from this year in the mega-gallery above. It's a mix of old and new, with a healthy dose of vintage and modern race cars mixed in, and not one single shot under the harsh lights of an auto show. So click through and enjoy. Featured Gallery Autoblog's Top 50 Photos of 2016 View 50 Photos Image Credit: Copyright 2016 Autoblog.com Audi BMW Chevrolet Dodge Ferrari Ford Lamborghini Mazda McLaren Mercedes-Benz Porsche Rolls-Royce Volvo Convertible Coupe Motorcycle Luxury Racing Vehicles Performance Supercars Classics