$2.1M COVID-19 Relief Money Used To Buy Kia Stinger, Yacht, And House

A Kia Stinger, a yacht and a house – these are the things that would have been bought by a man. While these things are not that bad to hear, as this is just a man spending his fortune, the money used to buy these things is said to have come from fraudulent means. Worse yet, the money came from the U.S. government’s paycheck protection program, designed to help businesses stay afloat and pay their employees amid the coronavirus pandemic.

The news came from the US Department of Justice via Business intern. A criminal case has been opened for a Kenneth Gaughan, a 41-year-old man from Washington, D.C. Gaughan allegedly obtained $ 2.1 million in P3 relief funds and economic disaster loans.

The complaint indicated that Gaughan obtained the relief funds by fraudulently submitting claims on behalf of several companies. With that, he is currently accused of falsifying documents and bank statements. He is also charged with one count of bank fraud, one count of theft of government funds, one count of wire fraud and one count of money laundering.

As mentioned, Gaughan used the funds to buy a 2020 Kia Stinger, a yacht and a house – the first two have already been seized by authorities, along with Gaughan’s investment and bank accounts. The house, on the other hand, is still in civil confiscation proceedings.

This isn’t the first time we’ve heard of such a disgusting act of using relief funds in the midst of this pandemic. Last month, a Florida man was accused of doing the same, obtaining $ 3.9 million in COVID-19 funds and using them to buy a Hurac├ín.

Earlier this month, a Texas man was charged with the same criminal charges, but went big with a Lambo Urus and a Ford F-350 to spend the ill-gotten millions.

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