A Houston man accused of spending relief loan funds on a Lamborghini, Rolex, and strip club visits has been detained pending trial.
Lee Price was arrested for making false statements to a financial institution, wire fraud, bank fraud and engaging in unlawful monetary transactions, according to the complaint, which was unsealed Tuesday upon his arrest, the Department of Justice announced.
Price received more than $1.6 million after submitting two false loan applications, according to the complaint.
Price appeared in court Tuesday and a preliminary hearing is set for Thursday ...
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