A man in Florida is accused of fraudulently obtaining millions of dollars through the Paycheck Protection Program, and using that money to buy a Lamborghini, in addition to other luxury items and designer clothing.
The U.S. Department of Justice said Valesky Barosy, 27, sought more than $4.2 million in PPP loans by submitting an application with false IRS tax forms, and fake paperwork detailing expenses and payroll.
Barosy ended up receiving $2.1 million, and spent it on a Lamborghini Huracán EVO, Rolex and Hublot watches, and clothing from Louis Vuitton, Gucci, and Chanel.
Barosy made his first appearance in court today and has been charged with five counts of wire fraud, three counts of money laundering, and one count of aggravated identity theft. If convicted, he faces up to 132 years in prison.
Florida rapper and Pretty Ricky member Diamond “Baby Blue” Smith was sentenced last week to 20 months in prison for his involvement in a $24 million PPP loan scheme that netted him just over $1 million for his two companies. Similar to Barosy, Baby Blue provided falsified documents, only to turn around and recklessly spend the money on a Ferrari, and at a nearby hotel and casino.
Last month, a Houston man was given nine years behind bars for taking over $1.6 million in COVID-19 relief loans and buying two new cars, including a Lamborghini Urus, as well as dropping thousands of dollars at a strip club, liquor store, and night club.
Related Stories
California Man Accused of Spending $5 Million in Fraudulent PPP Loans on Luxury Cars
A California man is accused of fraudulently getting $5 million in COVID-19 relief Payment Protection Program (PPP) loans and spending the money on luxury cars.
Feds Say D.C. Pastor Bought Himself a Tesla After Fraudulently Obtaining $1.5 Million PPP Loan
The church pastor and a Maryland resident is said to have used PPP money and personal accounts to buy 39 used cars including a 2018 Tesla Model 3.
Former Jets Receiver Josh Bellamy Arrested for COVID-19 Relief Loan Fraud
Ex-Jets wideout Josh Bellamy was arrested for his alleged involvement in a scheme where he illegally received coronavirus relief loans.
