According to the Justice Department, Bellamy, together with talent management business owner Phillip J. Augustin and several others, looked for PPP loans worth more than a combined $24 million. At least 42 of the asked for loans were authorized to the tune of some $17.4 million, the department said. Bellamy apparently got a loan of$ 1,246,565 for his company Drip Entertainment LLC..
He then allegedly utilized the loan to purchase more than $100,000 on luxury items from Dior, Gucci and various jewelers. Bellamy is likewise alleged to have actually spent over $62,000 of the loan money at the Seminole Hard Rock Hotel and Casino. The department also declares that Bellamy attempted to secure PPP loans for his relative and “associates.”.
The 31-year-old receiver, who was launched by the Jets on Tuesday, is being charged with wire fraud, bank scams and conspiracy to dedicate wire scams and bank scams. Bellamy was detained Thursday and is arranged to appear in court later on in the day in Florida.
According to the criminal problem, Bellamy had somebody who is now cooperating with the criminal examination to prepare “falsified files” and assist submit the application. This person apparently was assured a portion of the loan as payment for their assistance.
The complaint likewise declares that Bellamy and others sent at least 90 deceitful claims.
” To inflate the size of these PPP loans, and the matching kickbacks, the conspirators relied on a variety of incorrect statements, including by submitting falsified bank declarations and payroll tax return,” the problem checks out. “For example, the conspirators used almost similar versions of the very same made bank declarations, recycled in the PPP applications for numerous companies with minor modifications.”.
Bellamy has actually remained in the NFL for 8 years and had fun with the Kansas City Chiefs, the then-San Diego Chargers, the Washington Football Team, the Chicago Bears and, most recently, the New York Jets. Bellamy had 2 receptions for 20 lawns in 2019, and was likewise a member of the unique teams unit. Bellamy was put on the physically unable to perform list in early May 2020 and on Tuesday he was released by the Jets.
Under the CARES Act, over $600 billion in forgivable loans were maximized for the PPP. The purpose of the loans was to assist small businesses retain staff members and satisfy certain other expenditures throughout the coronavirus pandemic..
Josh Bellamy on October 6, 2019, in Philadelphia.
According to the Justice Department, Bellamy, along with skill management company owner Phillip J. Augustin and several others, applied for PPP loans worth more than a combined $24 million. Bellamy is also alleged to have actually spent over $62,000 of the loan cash at the Seminole Hard Rock Hotel and Casino. The department also alleges that Bellamy tried to protect PPP loans for his household members and “associates.”.
Bellamy has been in the NFL for 8 years and played with the Kansas City Chiefs, the then-San Diego Chargers, the Washington Football Team, the Chicago Bears and, most recently, the New York Jets.
Matt Rourke/ AP.
NFL receiver Josh Bellamy has actually been charged and jailed for allegedly getting involved in a multi-million dollar Income Protection Program loan fraud plan, the Department of Justice revealed Thursday.
