Noteworthy News

[arewethereyet]

A Texas man accused of using federal COVID relief funds on a Lamborghini and visits to strip clubs was sentenced Monday to more than nine years in prison, the U.S. Justice Department says.

Lee Price III, 30, of Houston applied for $2.6 million in loans from the Paycheck Protection Program and actually received $1.6 million, the Justice Department said in a news release.

My boss got money from the PPP program...much less than 2.6 million. She kept her number of employees the same over the last two years, which was sort of the point of PPP. She has most of it left as she is very financially savvy and used income to cover payroll except for a small percentage of what she received. She has hung onto every cent she can in case things go bad again. Now she is months into the process of trying to work with the government to see what she has to pay back, how, and when. To add to the nightmare, the bank we use was part of a merger in October so she is having to work with all new people. We have submitted the same paperwork, tax forms, employment records, and everything but our first borns many times over and are making little headway.

It makes me happy to see these thieves get their due.