January 29, 2022

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Joshua Bellamy, Ex-Jet, Is Sentenced to three Years in Covid-19 Help Scheme

Joshua Bellamy, Ex-Jet, Is Sentenced to 3 Years in Covid-19 Aid Scheme

A former broad receiver for the New York Jets who fraudulently obtained greater than $1.2 million in Covid-19 reduction cash and spent tens of 1000’s of {dollars} of that on luxurious gadgets has been sentenced to greater than three years in jail, federal prosecutors mentioned.

The previous N.F.L. participant, Joshua J. Bellamy, 32, of St. Petersburg, Fla., pleaded responsible in June to conspiracy to commit wire fraud.

Prosecutors with the U.S. Legal professional’s Workplace for the Southern District of Florida say Mr. Bellamy obtained a Paycheck Safety Program mortgage of $1.2 million for his firm, Drip Leisure L.L.C., through the use of false info. They are saying he used the mortgage’s proceeds on private gadgets, together with greater than $104,000 in luxurious items from Dior, Gucci and different retailers, and on $63,000 in purchases on the Seminole Arduous Rock Resort and On line casino in Hollywood, Fla.

At a listening to in federal court docket in Fort Lauderdale on Friday, Mr. Bellamy was sentenced to 37 months in jail on the conspiracy cost and likewise ordered to serve three years of supervised launch and pay $1.2 million in restitution and $1.2 million in forfeiture, based on a statement from federal prosecutors.

Telephone and electronic mail messages left for Mr. Bellamy’s lawyer on Monday evening in search of remark weren’t instantly returned.

A federal grievance towards Mr. Bellamy detailed textual content messages, financial institution information and statements that prosecutors mentioned he made throughout an August 2020 telephone name with an secret agent posing as an affiliate of a conspirator within the scheme.

Throughout the name, the agent claimed to have the ability to assist Mr. Bellamy have his mortgage forgiven and to acquire a second mortgage.

When the agent requested Mr. Bellamy how he had spent his mortgage, Mr. Bellany replied that he was wiring cash, withdrawing cash and “shopping for stuff” for his artists who had been “doing movies and stuff like that,” the complaint states.

On the finish of the decision, Mr. Bellamy mentioned he had further folks to refer for loans from the Paycheck Safety Program, together with his girlfriend, his mom and his brother, prosecutors mentioned.

Mr. Bellamy signed with the Jets in 2019 however was sidelined with a shoulder injury in March 2020 after enjoying in seven video games. He was lower from the group in September 2020, the identical week he was arrested on the fees, based on a Jets spokesman. He had performed for the Chicago Bears from 2014 to 2018.

This system below which Mr. Bellamy obtained a mortgage for his firm was a part of the Coronavirus Help, Reduction and Financial Safety Act. The federal authorities, desirous to get the reduction cash out quick, waived a lot of the vetting that lenders historically do on enterprise loans, however the absence of these requirements meant that fraud was highly likely.

An academic paper from August by researchers on the College of Texas at Austin estimated that about 1.8 million of this system’s 11.8 million loans — greater than 15 p.c — totaling $76 billion had not less than one indication of potential fraud.

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