NFL player Joshua Bellamy Indicted For Emergency Corona Virus Funds Fraud!
Former New York Jets wide receiver Joshua Bellamy was arrested for his alleged role in a $24 million scheme to receive illegal loans intended for coronavirus relief, the U.S. Justice Department announced Thursday. According to the Justice Department, Bellamy spent more than $62,000 in loan money at the Seminole Hard Rock Hotel and Casino in Florida. He also is accused of using more than $104,000 for luxury goods, including purchases at Dior, Gucci and various jewelers, in addition to withdrawing more than $302,000.
Ten other defendants were allegedly involved in the scheme.
The PPP allows qualifying small businesses suffering financial hardship from the COVID-19 pandemic to receive low-interest loans.