An athlete playing in the Football League, the NFL, Josh Bellamy is arrested as part of a federal fraud investigation.
Josh Bellamy behind bars
Investigators say Josh Bellamy, an open receiver from St. Petersburg who was released from the New York Jets earlier this week, was among a group of people who filed fraudulent loan applications for the Payment Check Protection Program for more than $2.4 million.
Ex-#Jets WR Josh Bellamy was arrested this morning and charged with wire fraud, bank fraud, and more for his alleged role in a scheme to file fraudulent loan applications seeking more than $24 million in PPP Loans. He was cut yesterday. More here: https://t.co/J0Ynp2tVyN
— Ian Rapoport (@RapSheet) September 10, 2020
Josh Bellamy is arrested for also committing bank and electronic fraud
He has been charged in South Florida federal court for bank and electronic fraud. Bellamy allegedly got more than a million dollars for his own company, Drip Entertainment. Researchers say he then bought $140,000 worth of luxury goods from designers like Dior or Gucci.
Jets Cut WR Josh Bellamy Yesterday, Today He Was Charged w/ Scamming $24 Mil in PPP RONA Loans to Buy Gucci for Drip ENT; Breakdown of Everything He Bought WIth the Money and His 10 Co-Conspirators; How Much Jail Time He Is Looking At (Court Docs-Gucci) https://t.co/67bmpkkFkI pic.twitter.com/bxb9BghfFh
— Robert Littal BSO (@BSO) September 10, 2020
They also allege that he spent more than $62,000 of the loan at the Seminole Hard Rock Hotel & Casino in Broward, north of Miami.
NFL’s Josh Bellamy Arrested For COVID Loan Fraud, Allegedly Blew Money on Gucci https://t.co/durbSnCB7Z
— TMZ (@TMZ) September 10, 2020
Bellamy is accused of trying to obtain PPP loans for family members and other associates. Payments were part of the CARES Act, a federal law enacted at the end of March to provide emergency financial assistance to millions of Americans suffering the economic consequences of the coronavirus pandemic.
In addition to Bellamy, 10 others were indicted in the investigation and eight of them are from South Florida.