Ex-New York Jets WR Josh Bellamy indicted in $ 24 million coronavirus relief loan scheme

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Former New York Jets wide receiver Josh Bellamy has been arrested for his alleged role in a $ 24 million scheme to receive illegal loans intended to relieve coronaviruses, the US Department of Justice said Thursday.

Bellamy, 31, has been indicted in a federal criminal complaint of fraud, bank fraud and conspiracy to commit wire fraud and bank fraud. He has reportedly received more than $ 1.2 million in Paycheck Protection Program (PPP) loans for his company Drip Entertainment LLC, according to the Department of Justice.

Bellamy, who is recovering from a shoulder injury, was released on Tuesday from the Jets physically unable to play roster. The organization was not aware of the arrest at the time of release, a source said.

He was arrested Thursday morning in Florida and was scheduled to appear later today before US trial judge Christopher Tuite of the Middle District of Florida.

According to the Department of Justice, Bellamy spent more than $ 62,000 on loans at the Seminole Hard Rock Hotel and Casino in Florida. He is also accused of having used more than $ 104,000 for luxury goods, including purchases from Dior, Gucci and various jewelers, in addition to having withdrawn more than $ 302,000.

Ten other defendants were allegedly involved in the scheme.

The PPP allows eligible small businesses suffering financial hardship due to the COVID-19 pandemic to receive loans at low interest rates.

Bellamy, who broke into the NFL in 2012 as an undrafted free agent for the Kansas City Chiefs, signed a two-year, $ 5 million contract last year with the Jets. He’s played almost exclusively for special teams, having only made two receptions as a receiver.

He suffered a season-ending shoulder injury and started training camp on the PUP roster.

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