BLACK GREED: Ex-Jet Joshua Bellamy Sentenced To 3 yrs Prison For his role in PPP Loan Fraud; must pay $1,246,565 restitution & $1,246,565 forfeiture

[Arheel's Uncle]

Ex-Jet Joshua Bellamy Sentenced To Prison For PPP Loan Fraud

St. Pete resident and former NFL player pleaded guilty to receiving a PPP loan worth over $1,000,000 as part of a fraud scheme.

news.yahoo.com

Ex-Jet Joshua Bellamy Sentenced To Prison For PPP Loan Fraud​

Skyla Luckey
Updated December 10, 2021·2 min read

ST. PETERSBURG, FL — Joshua J. Bellamy, a former National Football League (NFL) player, received a three-year prison sentence Friday in court, the U.S. State Attorney's Office said in a press release.
Bellamy, 32, of St. Petersburg pleaded guilty June 9 in the Southern District of Florida to conspiracy to commit wire fraud. He got a Paycheck Protection Program (PPP) loan worth $1,246,565 for his company, Drip Entertainment LLC, using falsified documents and false information, court documents reported. He confessed to using the PPP money on personal items—jewelry and a stay at the Seminole Hard Rock Hotel and Casino. He also sought PPP loans on behalf of his family members and close associates. Bellamy told investigators he paid more than $311,000 to an alleged co-conspirator, James Stote, as a kickback for his help preparing and submitting the fraudulent loan application. Bellamy has also been ordered by the court to serve three years of supervised released and pay $1,246,565 in restitution and $1,246,565 in forfeiture.
According to the State Attorney, he will serve a total of 37 months in federal prison.
Stote has been charged by complain on June 24, 2020 with wire fraud, bank fraud and conspiracy to commit wire fraud and bank fraud. His case remains pending. He is also accused of receiving more than $28,000 as a kickback for his assistance in preparing and submitting a fraudulent loan application for a 38-year-old Miramar woman, Yashica Bain, who received a sentence of two years in federal prison for fraudulently obtaining a PPP loan as part of this criminal scheme, according to court documents. Bain received her sentence Thursday. Authorities said she collected $415,232 in a PPP loan for her company, Microblading Brow Studio LLC. She paid the proceeds to herself and others who never worked for her company, court documents said.
Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.
This article originally appeared on the St. Pete Patch

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[Arheel's Uncle]

NFL Player Charged for Role in $24 Million COVID-Relief Fraud Scheme

An NFL player has been charged for his alleged participation in a scheme to file fraudulent loan applications seeking more than $24 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic...

www.justice.gov

NFL Player Fraudulently Obtained $1.2 Million in Small Business Administration Paycheck Protection Program Loan

A National Football League (NFL) player has been charged for his alleged participation in a scheme to file fraudulent loan applications seeking more than $24 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Bellamy is alleged to have obtained a PPP loan of $1,246,565 for his own company, Drip Entertainment LLC. Bellamy allegedly purchased over $104,000 in luxury goods using proceeds of his PPP loan, including purchases at Dior, Gucci, and jewelers. He is also alleged to have spent approximately $62,774 in PPP loan proceeds at the Seminole Hard Rock Hotel and Casino, and to have withdrawn over $302,000. Bellamy also allegedly sought PPP loans on behalf of his family members and close associates.


The complaint alleges that the scheme involved the preparation of at least 90 fraudulent applications, most of which were submitted. Augustin, Bellamy, and other conspirators in the scheme are alleged to have applied for PPP loans that are together worth more than $24 million dollars. Many of those loan applications were approved and funded by financial institutions, paying out at least $17.4 million.


The other 10 defendants allegedly involved in this scheme whose complaints were previously unsealed are the following:

• Tiara Walker, 37, of Miami Gardens, Florida, was charged in a federal criminal complaint filed on Sept. 3, 2020, in the Southern District of Florida, with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  
• Damion O. Mckenzie, 38, of Miami Gardens, Florida, was charged in a federal criminal complaint filed on Aug. 3, 2020, in the Southern District of Florida with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  
• Andre M. Clark, 46, of Miramar, Florida, was charged in a federal criminal complaint filed on Aug. 3, 2020, in the Southern District of Florida with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  
• Keyaira Bostic, 31, of Pembroke Pines, Florida, was charged in a federal criminal complaint filed on Aug. 3, 2020, in the Southern District of Florida with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  
• Phillip J. Augustin, 51, of Coral Springs, Florida, was charged in a federal criminal complaint filed on July 28, 2020, in the Northern District of Ohio with wire fraud, bank fraud, conspiracy to commit wire fraud and bank fraud, and obstruction;
  
• Wyleia Nashon Williams, 44, of Ft. Lauderdale, Florida, was charged in a federal criminal complaint filed on July 28, 2020, in the Northern District of Ohio with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  
• James R. Stote, 54, of Hollywood, Florida, was charged in a federal criminal complaint filed on June 24, 2020, in the Northern District of Ohio with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  
• Ross Charno, 46, of Ft. Lauderdale, Florida, was charged in a federal criminal complaint filed on June 24, 2020, in the Northern District of Ohio with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud;
  
• Deon D. Levy, 50, of Bedford, Ohio, was charged in a federal complaint filed on June 8, 2020, in the Northern District of Ohio with wire fraud and conspiracy to commit wire fraud; and
  
• Abdul-Azeem Levy, 22, of Cleveland, Ohio was charged in a federal complaint filed on June 8, 2020, in the Northern District of Ohio with wire fraud and conspiracy to commit wire fraud.