Last spring, the US government authorized about $3 trillion of coronavirus relief funding in order to help protect the American economy from imploding due to stay-at-home orders. Not everyone can work from home as millions of small businesses, such as restaurants, retail stores, and hairdressers can attest to. Business owners had to apply for funds by proving their businesses depended on them in order to survive. Unfortunately, a few bad apples took advantage of the so-called free money.
According to NBC News, a Texas-based businessman named Lee Price III is accused of applying for and receiving relief funds amounting to $1.6 million. Investigators say Price received two loans, one for $900,000 and the second for $700,000, that supposedly would have been put towards the two businesses he claimed to have.