NFL’s Josh Bellamy Arrested For Coronavirus Loan Fraud After Blowing A Bag On Gucci
COVID-19 relief loans are being given out like candy, and without a doubt, some of its receivers are far from deserving.
NFL wide receiver Josh Bellamy was arrested Thursday after he reportedly used the government loans, that are intended for struggling business during the pandemic, on luxurious casino trips, and designer shopping splurge on items like Gucci and Dior.
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Per TMZ, the former New York star is allegedly part of a scam scheme where people claim over $24 MILLION in PPP loans meant for struggling business owners. According to the reports, prosecutors claim that Bellamy and his co-conspirators failed to put the money towards their ‘business,’ and instead spent $95k on custom jewelry, $5,381 at the Gucci store, and $2,014 at Dior. He also spent over $62k at the Seminole Hard Rock Hotel and Casino.
From the $24M loan, Bellamy and his partners claimed up to $17.4 million in PPP loans. Bellamy is reported to have request loans on his behalf, but also convinced others to take out a loan in which he would take a chunk out of for himself.
He is reported to have made massive bank withdrawals and deposits of $302,800 between May and July 2020. All of this went down while he was prepping for the NFL draft. If convicted he and the others could face decades in prison.