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Ex-Jets receiver Joshua Bellamy is charged after ‘taking $1.2million in COVID-relief loans’

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Ex-Jets receiver Joshua Bellamy is charged after ‘taking $1.2million in COVID-relief loans and splashing $104,000 on jewelry, Gucci and Dior’

  • Ex-Jets receiver Joshua Bellamy is facing fraud and conspiracy charges for his alleged involvement in a scheme to obtain $1.2 million in COVID-19 relief loans
  • The news comes one day after the injured Bellamy, 31, was waived by the team
  • Bellamy obtained the loan through the Paycheck Protection Program for his LLC, Drip Entertainment, by allegedly falsifying bank and employment records
  • His bank records reflect purchases of $94,000 in jewelry, with another $5,381 in goods purchased at Gucci, $1,020 at Milano Exchange, and $2,014 at Dior  
  • Prosecutors say that Bellamy became involved with Phillip J. Augustin, who was charged in July for allegedly coordinating the larger $24 million fraud scheme
  • An unverified Twitter account appearing to belong to Bellamy bragged about ‘all dat jewelry.’ A confirmation request to his agent wasn’t immediately returned
  • Another social media post, appearing to have been made by Bellamy, pictured him holding money with the caption: ‘Spent So Much In Dior They Wanna See ID’

By Alex Raskin Sports News Editor For Dailymail.com

Published: | Updated:

Former New York Jets wide receiver Joshua Bellamy is facing federal fraud and conspiracy charges for his alleged involvement in a scheme to obtain $1.2 million in coronavirus relief loans.

The news comes one day after Bellamy, 31, was waived by the team. He was previously placed on the Reserve/PUP (Physically Unable to Perform) list while recovering from a shoulder injury he suffered in 2019. Neither Jets spokespeople nor Bellamy’s agent immediately returned the Daily Mail’s request for comment.

According to federal prosecutors in the Southern District of Florida, Bellamy obtained the loan through the Paycheck Protection Program for his company, Drip Entertainment LLC, by falsifying bank and employment records. Bellamy then allegedly used $104,000 of that to buy luxury goods, while encouraging his girlfriend and brother to take similar advantage of the loans.

Former New York Jets wide receiver Joshua Bellamy is facing federal fraud and conspiracy charges for his alleged involvement in a scheme to obtain $1.2 million in coronavirus relief loans. The news comes one day after Bellamy, 31, was waived by the team. He was previously placed on the Reserve/PUP (Physically Unable to Perform) list while recovering from a shoulder injury he suffered in 2019

An unverified Twitter account appearing to belong to Bellamy bragged about ‘all dat jewelry’  

Another social media post, apparently made by Bellamy, pictured the wide receiver holding a stack of money. The caption read: ‘Spent So Much In Dior They Wanna See ID’

Bellamy’s bank records reflect purchases of $94,000 in jewelry, with another $5,381.60 in goods purchased at Gucci, $1,020.98 at Milano Exchange, and $2,014.80 at Dior, according to the federal affidavit. He also allegedly spent $62,774 at the Seminole Hard Rock Hotel and Casino, according to the complaint. 

‘My Momma Said Where U Goin Wit All Dat Jewelry on,’ read a June post from an unverified account Twitter account that appears to belong to Bellamy.

Another social media post, appearing to have been made by Bellamy, pictured the wide receiver holding a stack of money. The caption read: ‘Spent So Much In Dior They Wanna See I.D.’ 

The Paycheck Protection Program (PPP), which was ended on August 8, was created by the federal Small Business Administration to provide forgivable loans in an effort to encourage small businesses to keep employees on the payroll during the pandemic.

Bellamy is accused of falsifying documents and arranging kickbacks with people who ultimately cooperated in the investigation.

Bellamy’s bank records reflect purchases of $94,000 in jewelry, with another $5,381.60 in goods purchased at Gucci, $1,020.98 at Milano Exchange, and $2,014.80 at Dior, according to the affidavit. He also allegedly spent $62,774 at the Seminole Hard Rock Hotel and Casino

According to federal prosecutors in the Southern District of Florida , Bellamy obtained the loan through the Paycheck Protection Program for his company, Drip Entertainment LLC, by falsifying bank and employment records. Bellamy then allegedly used $104,000 of that to buy luxury goods, while encouraging his girlfriend and brother to take similar advantage of the loans. Drip Entertainment is registered to an address at this office building in Miami (pictured)

‘To inflate the size of these PPP loans, and the corresponding kickbacks, the conspirators relied on a variety of false statements, including by submitting falsified bank statements and payroll tax forms,’ read the federal affidavit filed on Wednesday. ‘For example, the conspirators used nearly identical versions of the same fabricated bank statements, recycled in the PPP applications for multiple companies with minor changes.’

Prosecutors claim that Bellamy became involved with Phillip J. Augustin, who was charged in the Northern District of Ohio back in July for allegedly coordinating $24 million in fraudulent loans through the PPP program.

Many of the loans were approved, and at least $17.4 million was paid out.

A University if Louisville product, Bellamy has played seven NFL seasons, mostly with the Chicago Bears, and has earned $7.6 million over that time.  

Bellamy released his own album through his LLC, Drip Entertainment 

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