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Florida man, Former NFL player gets 37 months in prison, more than $1.2 million for COVID compensation fraud

A former National Football League (NFL) player was today sentenced to 37 months in federal prison for fraudulently obtaining more than $1.2 million through a Paycheck Protection Program The loan (PPP) is guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security Act (CARES).

According to court documents, Joshua J. Bellamy, 32, of St.Petersburg, Florida, a former NFL player, pleaded guilty June 9 in the Southern District of Florida to conspiracy to commit fraud. electronic fraud. As part of a fraud scheme, Bellamy received a $1,246,565 PPP loan to her company, Drip Entertainment LLC, using forged documents and false information.

Bellamy admitted to using the PPP loan proceeds on personal items, such as jewelry, and stays at the Seminole Hard Rock Hotel and Casino.

Bellamy also seeks PPP loans on behalf of family members and close associates. Bellamy also admitted that he paid more than $311,000 to an alleged co-conspirator, James Stote, as kickbacks to assist him in preparing and submitting a fraudulent loan application.

In addition to the prison sentence, Bellamy also served three years of supervised release and paid $1,246,565 in restitution and $1,246,565 in forfeiture.

Additionally, on December 9, a Florida woman was sentenced to federal prison on December 9 to two years for fraudulently obtaining a PPP loan as part of this criminal scheme.

According to court documents, Yashica Bain, 38, of Miramar, Florida, pleaded guilty September 30 in the Southern District of Florida to conspiracy to commit electronic fraud.

As part of a fraud scheme, Bain obtained a $415,232 PPP loan for her company, Microblading Brow Studio LLC, using forged documents and false information.

Bain used the PPP loan proceeds to enrich herself and others who had never worked for her company. She misrepresented those payments as “wages” and “wages” to commit this fraud. Bain admitted that she paid more than $28,000 to Stote as kickbacks to help him prepare and submit fraudulent loan applications.

In addition to the prison sentence, Bain also served three years of supervised release and paid $415,232 in restitution and $415,232 in forfeiture.

Stote was charged under a June 24, 2020 complaint with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud. His case is still pending.

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https://www.tampafp.com/florida-man-former-nfl-player-gets-37-months-in-prison-over-1-2m-in-covid-relief-fraud/ Florida man, Former NFL player gets 37 months in prison, more than $1.2 million for COVID compensation fraud

DUSTIN JONES

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