Houston man who used COVID relief money on Lamborghini, strip clubs gets more than 9 years in prison

Prosecutors said Lee Price III also used the money to buy a Rolex and an $85,000 Ford F-350 pickup truck and to pay off a loan on a residential property.

SHARE Houston man who used COVID relief money on Lamborghini, strip clubs gets more than 9 years in prison
Lee Price III was sentenced to 110 months in prison after pleading guilty to wire fraud and money laundering.

Lee Price III was sentenced to 110 months in prison after pleading guilty to wire fraud and money laundering.

Houston Police Department

HOUSTON — A Houston man has been sentenced to more than nine years in prison after pleading guilty in a case in which prosecutors said he used federal COVID-19 relief money on a Lamborghini Urus, a Rolex watch and trips to strip clubs.

Lee Price III, 30, was handed the 110-months sentence after pleading guilty in September to wire fraud and money laundering.

Prosecutors had accused Price of fraudulently using more than $1.6 million in funding from the Paycheck Protection Program, which gave low-interest loans to small businesses struggling during the pandemic.

They said Price also used the money to buy an $85,000 Ford F-350 pickup truck and to pay off a loan on a residential property.

According to court records, he used phony businesses to get the coronavirus relief money, and authorities have recovered about $700,000 of the money.

“Mr. Price hopes that others will learn from his reckoning that there is no easy money,” Price’s lawyer Tom Berg said. “He has the balance of the 110-month sentence to reflect, repent and rebuild his misspent life.”

The Latest
“Strong-minded, winner, team-first mentality, talent, work ethic, character, integrity,” Grifol said.
The Sox have two rookies in the current rotation and one more starting for the first time and more pitching is developing in the minors.
The Cubs beat the Giants 6-5, as Hendricks allowed one run and two hits in 5 2/3 innings
Chicago Pride Fest, the new ‘Midnight in the Garden of Good and Evil’ musical and a Billy Joel-Stevie Nicks concert are among the entertainment highlights of the week ahead.
This festive, dreamy dessert was first prepared to celebrate a cricket match at England’s prestigious Eton School in the 1920s.