Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

NFL Player Josh Bellamy Facing Fraud Charges For Allegedly Misusing Money In PPP Loans Plot

by RaquelHarris
September 11, 2020
Reading Time: 1 min read
0
Josh Bellamy Arrested

Getty Images

Share on FacebookShare on Twitter

Former Jets wide receiver Josh Bellamy is facing fraud charges for his alleged involvement in a loan scheme.

Bellamy, 31, was arrested Thursday morning and charged with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud after allegedly participating in a plot to illegally receive federal Paycheck Protection Program (PPP) loans that were sent out to businesses amid the #coronavirus pandemic.

According to the Bleacher Report, Bellamy received $1.25 million in federal loans for his company, Drip Entertainment LLC. Bellamy was released from the Jets this week and is now accused of using that money for his own personal gain. Reports show that the baller allegedly used the funds by spending $104,000 on luxury items at stores like #Gucci and Dior. On top of that, he spent $62,774 at the Seminole Hard Rock Hotel and Casino.

Along with Bellamy, ten other co-conspirators were charged with similar crimes. Altogether, they all allegedly received $24 million in fraudulent loans. Bellamy reportedly looked into PPP loans on behalf of his family and friends, the outlet reports. The federal government distributed the PPP loans back in March to assist small businesses that were struggling during the pandemic due to company shutdowns. The loans were meant to help companies pay their employees, as well as pay off other expenses. Using the money loaned out for any other reason aside from those is considered illegal.

The ex-Jets player was released on Wednesday from the team’s reserve/PUP list. He is expected to miss all of the 2020 season due to his shoulder injury. In his 7-year NFL career, Bellamy played for the Kansas City Chiefs, the Washington Football Team, the Chicago Bears, and the Jets.

Josh Bellamy Arrested
Getty Images

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Tags: Josh Bellamy

Related Posts

Trump Says He’s Saving You Money—But Groceries Still Don’t Know That
News

Trump Says He’s Saving You Money—But Groceries Still Don’t Know That

June 30, 2025

Donald Trump is back in office—and back on social media—claiming he’s delivered major wins for the American consumer. In a...

wnba
News

The WNBA Is Taking Over: Detroit, Cleveland, and Philly Set to Join the League by 2030

June 30, 2025

The WNBA is leveling up in a major way. The league announced that three new teams—Cleveland, Detroit, and Philadelphia—are officially...

Adriana Smith Buried After Georgia Law Forced Brain Dead Woman to Stay Alive to Give Birth
News

Adriana Smith Buried After Georgia Law Forced Brain Dead Woman to Stay Alive to Give Birth

June 30, 2025

Family and friends gathered at Fairfield Baptist Church in Lithonia, Georgia, on Saturday, June 28th, to honor the life of...

Gang Member Who Killed Teen Junior Guzman-Feliz Found Dead Behind Bars
News

Gang Member Who Killed Teen Junior Guzman-Feliz Found Dead Behind Bars

June 29, 2025

Jonaiki Martinez-Estrella, the man convicted of delivering the fatal stab to 15-year-old Lesandro “Junior” Guzman-Feliz, was found dead at Coxsackie...

Next Post
Black Teen Beaten

Three Officers Caught On Camera Beating A Black Teenage Boy During Arrest

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d