Tag Archives: Man accused of stealing $1.6 million in CARES Act money to buy cars and take trips

HOUSTON, Texas (KTRK) — A Houston businessman is accused of spending $1.6 million in CARES Act money on real estate, luxury vehicles and even trips to strip clubs. According to the U.S. Attorney’s office, Lee Price III, 29, submitted fraudulent Paycheck Protection Program (PPP) applications to banks and other lenders. Price Enterprises Holdings allegedly received more than $900,000, while a …

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