May 26, 2022

Federal prosecutors say 30-year-old Lee Price III went on a massive spending spree that included a $200,000 Lamborghini Urus, a fancy pickup and strip clubs.

HOUSTON — A Houston man who scammed $1.6 million dollars in COVID-19 relief money is headed to prison for fraud and money laundering.

A judge sentenced 30-year-old Lee Price III to 110 months — or nine years and two months — in federal prison Monday.

Price pleaded guilty to wire fraud and money laundering in September.

The video in this story originally aired on Aug. 4.

Federal prosecutors say Price lied on Paycheck Protection Program applications to two different financial institutions. One of the applications for 713 Construction listed a CEO who died a month before it was submitted.

RELATED: Houston man spent $1.6 million in COVID-19 relief fund money on cars, strip clubs, feds say

Price got $700,000 for that one and another $900,000 for another company but neither had employees, according to the charges.

He spent the money on a $200,000 Lamborghini Urus, a Ford F-350 pickup, a Rolex and other luxury items. The spending spree also included trips to Houston strip joints and…

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