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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. 

First US customer gets the keys to $1.9 million Lamborghini Centenario

Ferruccio Lamborghini's 100th birthday party has now reached the United States. The Lamborghini Centenario – the souped-up Aventador that celebrates Lamborghini's founder – was delivered to its first US customer in Newport Beach, CA, the company said Thursday. The $1.9 million supercar was unveiled in 2016 to mark the 100th birthday of the industry leader, and it's limited to a 40-car run that's split between coupes and convertibles. Naturally, Lambo says they're all sold out. The first US car is a black and blue hardtop. The company says this one was custom built with a glossy carbon-fiber exterior. Inside, is the same color scheme set to leather and Alcantara. Lambo says the rest of the Centenario's US customers will get their cars this year. In case you've forgotten, the supercar runs a naturally aspirated V12 with 759 horsepower capable of hitting 62 miles per hour in 2.8 seconds en route to a top clip of 217 mph. Lambo builds each one to the personal tastes of the customer through its Ad Personam program. "When Ferruccio Lamborghini began realizing his dream of creating the best supercars in the world, he wanted to reach a large audience through production, but he also wanted to keep the unique nature of limited-edition vehicles that clients are able to personalize to their own tastes and style," Automobili Lamborghini America COO Alessandro Farmeschi said in a statement. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery Lamborghini Centenario Design/Style Lamborghini Luxury Supercars lamborghini centenario

Petrolicious cruises with a high-mile Lamborghini 400 GT

When a sports car is as beautiful as a 1967 Lamborghini 400 GT 2+2, it belongs on the road for people to see, and Jack Riddell definitely gives folks plenty of opportunities to check out his red Lambo. He has owned the grand tourer since 1972 and put well over 200,000 miles on the odometer in that time. They earn the spotlight in the latest clip from Petrolicious after previously appearing on Jay Leno's Garage. Riddell's constant use of the coupe is exactly what Ferruccio Lamborghini would have wanted. The company made the 400 GT to eat up huge stretches of road at high speed through Europe. The beautiful sound of the 4.0-liter V12 beckoned the driver to keep going just a little more. Riddell got lucky when he found the 400 GT and refused to let it go. Now the Lambo is like an old pal to him. He jokes about a few of the coupe's foibles, but after hundreds of thousands of miles together, they clearly have a deep connection. Related Video: