If you have any information about allegations of attempted fraud involving COVID-19, report it to the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 86 or via the NCDF Web Complaint Form. With $76 billion in fraudulent PPP loans doled out since the pandemic began, you can expect a lot more news on this type of crime in the near future.

The man Bellamy paid a kickback to has been charged with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud.

(I’m sure Bellamy hoped that the court would throw a Hail Mary pass that would help him avoid prison time. He owes $1,246,565 in restitution and the same amount in forfeiture. He was sentenced to 37 months in federal prison and ordered to serve three years of supervised release. (How generous he was with the government’s money.)īellamy pleaded guilty to conspiracy to commit wire fraud.

(What a thoughtful guy.) He even paid a $311,000 kickback to an alleged co-conspirator, James Stote, for helping him to prepare the fake loan application. He also spent $63,000 at the Seminole Hard Rock Hotel and Casino in Hollywood, Fla.īellamy not only sought PPP loans for himself, but also for family members and close associates. So, what did Bellamy spend more than $1 million on? (I thought you’d never ask.) That stolen cash bought $104,000 in luxury goods from Dior, Gucci, and other merchants. (Just an FYI, nearly 15 percent of the total amount of PPP loans disbursed is thought to be fraudulent. He received $1,246,565 by submitting false information. (Perhaps he didn’t put enough away in savings while he was a wide receiver for the Chicago Bears and the New York Jets so he turned to fraud as a source of extra income.) Bellamy took advantage of the COVID-19 pandemic (like so many other fraudsters) and obtained a Paycheck Protection Program (PPP) loan worth more than $1.2 million that he did not deserve.īellamy obtained the PPP loan, which was guaranteed by the Small Business Administration (SBA), for his company, Drip Entertainment LLC. Evidently that was not enough for a former player, Joshua J.

The median wage for all National Football League (NFL) players is $860,000. Close-up Of A Businessperson's Hand Giving Cheque To Colleague At Workplace

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