Posted on 09/11/2020 8:27:53 AM PDT by mplc51
NFL receiver Josh Bellamy has been charged and arrested for allegedly participating in a multi-million dollar Paycheck Protection Program loan fraud scheme, the Department of Justice announced Thursday.
According to the Justice Department, Bellamy, along with talent management company owner Phillip J. Augustin and several others, applied for PPP loans worth more than a combined $24 million. At least 42 of the requested loans were approved to the tune of some $17.4 million, the department said. Bellamy allegedly received a loan of $1,246,565 for his company Drip Entertainment LLC.
He then allegedly used the loan to buy more than $100,000 on luxury goods from Dior, Gucci and various jewelers. Bellamy is also alleged to have spent over $62,000 of the loan money at the Seminole Hard Rock Hotel and Casino. The department also alleges that Bellamy attempted to secure PPP loans for his family members and "associates."
(Excerpt) Read more at cbsnews.com ...
Will they put his name on their helmets?
Free college education and about 7 years of NFL money. I guess education and economic opportunity weren’t enough to save him.
Seize all his assets!!
He should be booted from playing for this.
reparations?
Uh... it does say “former Jets player” in the title?
I missed it.
https://www.youtube.com/watch?v=OjYoNL4g5Vg
Wow that seems awfully fast compared to Durham...
The NFL would still let him play if he still could catch a football. After all they let a guy who had dogs fighting each other continue. Zero morals.
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