He also used part of those funds to purchase a US$318,000 (RM1.31 million) Lamborghini luxury car for himself.
In a statement posted by the US Department of Justice, David T. Hines, 29, had pleaded guilty to one count of wire fraud on February 10.
Court documents found the Miami native had submitted multiple PPP applications to a PPP-participating lender, claiming to have had dozens of employees and millions of dollars in monthly payroll.
“In addition to submitting false and fraudulent IRS forms to support the applications, Hines also assisted other individuals in obtaining fraudulent PPP loans.”
Rival payment platforms chosen for e-voucher scheme unveil a raft of new offers, including additional digital money and iPhone giveaways.