A Lamborghini Huracán EVO. Federal prosecutors say David T. Hines illegally used hundreds of thousands of dollars in PPP loans meant for his moving companies to buy a similar car and for a host of personal expenses. (Long Wei/FeatureChinaFeatureChina/AP)

Before May 13, David T. Hines’s corporate bank account was in the red by more than $30,000. But after the 29-year-old Florida man nabbed a nearly $4 million loan from the federal Paycheck Protection Program (PPP), his fortunes quickly changed.

In fact, just one week after receiving money from the fund meant to bail out businesses affected by the coronavirus pandemic, Hines was cruising around Miami Beach in a new blue Lamborghini Huracán EVO, which cost more than $318,000.