Former NFL WR Josh Bellamy arrested, charged in alleged $24M mortgage fraud scheme

Former NFL vast receiver Josh Bellamy is dealing with fraud and conspiracy prices after allegedly acquiring a bogus COVID-19 aid mortgage as a part of a scheme that attempted to acquire $24 million from the federal authorities. 

Prosecutors in South Florida alleged Thursday that Bellamy, a St. Petersburg resident, and 10 different individuals conspired to file dozens of false claims below the Payroll Safety Program (PPP), with the group acquiring a minimum of $17.four million. Bellamy was charged with wire fraud, financial institution fraud and conspiracy to commit wire fraud and financial institution fraud. He was arrested Thursday and introduced earlier than a federal Justice of the Peace in Florida.

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Bellamy, 31, acquired a $1.24 million mortgage for his firm, Drip Leisure LLC, after which spent $166,774 of the proceeds at a on line casino and on jewellery and luxurious objects, prosecutors allege. He additionally allegedly withdrew greater than $302,000. Prosecutors additional declare that Bellamy tried to acquire loans for members of the family and shut associates.

The PPP was established to assist small companies take care of income losses attributable to the COVID-19 outbreak.

The Jets launched Bellamy on Tuesday, however a supply instructed ESPN’s Wealthy Cimini that the workforce was not conscious he was about to be arrested. The workforce positioned Bellamy on the bodily unable to carry out listing in Could as he continued to get well from a shoulder damage he suffered final season.

Bellamy started his profession with the Chiefs in 2012 as an undrafted free agent. He later performed with Washington and the Bears earlier than becoming a member of the Jets final season on a two-year, $5 million contract (phrases per Cimini). He appeared in seven video games for New York, enjoying totally on particular groups. He had two receptions for 20 yards.

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