Former NY Jets player Josh Bellamy charged with PPP loan fraud – Boston 25 News
[ad_1]
Former New York Jets wide receiver Josh Bellamy is accused of participating in a scheme to fraudulently receive coronavirus relief loans, the US Department of Justice said Thursday.
In a criminal complaint released Thursday by the U.S. District Court for the Southern District of Florida, Bellamy, 31, of St. Petersburg, Fla., has been charged with wire fraud, bank fraud, attempt and conspiracy to commit a crime. wire fraud and bank fraud. According to the criminal complaint, the fraud occurred this year between May 21 and August 3.
According to the complaint, Bellamy would have obtained a Paycheque Protection Program loan of $ 1,246,565 for his company, Drip Entertainment LLC. He then used the money to buy more than $ 104,000 in luxury goods, the Justice Department said.
According to the complaint, Bellamy sent a bank transfer of $ 57,000 on June 2 to a personalized jewelry store. The next day, he allegedly sent a wire transfer of $ 38,000 to another jewelry store. According to bank records, on June 8, Bellamy purchased $ 5,381.60 worth of merchandise from a Gucci store and $ 1,020.98 from a Milano Exchange store. On June 14, Bellamy spent $ 2,014.80, according to the Department of Justice.
In addition to luxury goods, the complaint alleges that Bellamy withdrew more than $ 302,000 in fraudulent funds and attempted to obtain P3 loans on behalf of family members and associates. These withdrawals took place between May 28 and July 28, the Justice Department said.
Prosecutors also said Bellamy spent $ 62,774 on loan proceeds at the Seminole Hard Rock Hotel and Casino in Hollywood, Florida.
According to the Justice Department, Bellamy was part of a scheme in which participants planned or prepared at least 90 fraudulent claims. The total amount of loans requested exceeded $ 24 million, according to the complaint.
The Jets released Bellamy from the reserve / physically unable to play roster on Tuesday. His release was expected due to a shoulder injury that prevented him from playing in the 2020 season, NJ.com reported.
Cox Media Group
[ad_2]