He's definitely no Tanner Gentry.

https://www.tmz.com/2020/09/10/josh-bel ... ank-fraud/

NFL wide receiver Josh Bellamy was arrested Thursday after officials say he misused government loans intended to help struggling businesses survive the COVID pandemic on lavish items like Gucci, Dior and casino trips.

31-year-old Bellamy -- who was cut by the NY Jets just 2 days ago -- is essentially accused of participating in a scheme in which people applied for more than $24 MILLION in PPP loans, intended for business owners to help stay afloat during the pandemic.

But, prosecutors say neither Bellamy nor his co-conspirators put the money toward their businesses -- instead, Bellamy blew a fortune on things like custom jewelry, designer clothes and casino trips.

In fact, officials say Bellamy spent $95k on custom jewelry, $5,381 at Gucci and $2,014 at Dior.

They also claim he dropped more than $62k during a recent trip to the Seminole Hard Rock Hotel and Casino.

Of the requested $24 mil, officials say Bellamy and his co-conspirators received roughly $17.4 million in PPP loans.

The alleged conspiracy is complicated but boils down to this ...

Officials believe Bellamy not only requested PPP loans for his own company based on false records ... but would then recruit others to apply for giant loans -- and when that money was received from the government, Bellamy would take a sizable kickback from the borrower.

By the way, prosecutors say Bellamy does technically own a business -- Drip Entertainment -- but officials say it hasnt been “active” since 2019.

Prosecutors say they have bank records showing Bellamy made large bank withdrawals recently -- taking around $302,800 between May and July 2020.

Officials say Bellamy executed the scheme while he was preparing for the 2020 NFL season.

If convicted, both the bank fraud and wire fraud charges carry lengthy prison sentences ... we're talkin' decades.

He's definitely no Tanner Gentry.

https://www.tmz.com/2020/09/10/josh-bel ... ank-fraud/

NFL wide receiver Josh Bellamy was arrested Thursday after officials say he misused government loans intended to help struggling businesses survive the COVID pandemic on lavish items like Gucci, Dior and casino trips.

31-year-old Bellamy -- who was cut by the NY Jets just 2 days ago -- is essentially accused of participating in a scheme in which people applied for more than $24 MILLION in PPP loans, intended for business owners to help stay afloat during the pandemic.

But, prosecutors say neither Bellamy nor his co-conspirators put the money toward their businesses -- instead, Bellamy blew a fortune on things like custom jewelry, designer clothes and casino trips.

In fact, officials say Bellamy spent $95k on custom jewelry, $5,381 at Gucci and $2,014 at Dior.

They also claim he dropped more than $62k during a recent trip to the Seminole Hard Rock Hotel and Casino.

Of the requested $24 mil, officials say Bellamy and his co-conspirators received roughly $17.4 million in PPP loans.

The alleged conspiracy is complicated but boils down to this ...

Officials believe Bellamy not only requested PPP loans for his own company based on false records ... but would then recruit others to apply for giant loans -- and when that money was received from the government, Bellamy would take a sizable kickback from the borrower.

By the way, prosecutors say Bellamy does technically own a business -- Drip Entertainment -- but officials say it hasnt been “active” since 2019.

Prosecutors say they have bank records showing Bellamy made large bank withdrawals recently -- taking around $302,800 between May and July 2020.

Officials say Bellamy executed the scheme while he was preparing for the 2020 NFL season.

If convicted, both the bank fraud and wire fraud charges carry lengthy prison sentences ... we're talkin' decades.

By the way, prosecutors say Bellamy does technically own a business -- Drip Entertainment -- but officials say it hasnt been “active” since 2019.

$5,381 at Gucci and $2,014 at Dior.

Shit, if he played for the Bears he couldve gotten that stuff for free downtown in June and not received any jail time .

How many former Bears receivers are in jail now? There was another guy who was a major drug runner.

He should have given me a call.

$5,381 at Gucci and $2,014 at Dior.

Shit, if he played for the Bears he couldve gotten that stuff for free downtown in June and not received any jail time .

He should have given me a call.

NIU's Sam Hurd.

I was going to say that

Officials believe Bellamy not only requested PPP loans for his own company based on false records ... but would then recruit others to apply for giant loans -- and when that money was received from the government, Bellamy would take a sizable kickback from the borrower.

He should have given me a call.

Story time.

I actually met Josh Bellamy. We used to have corporate events each year at Halas Hall.

They would have a couple guys from the team do the meet & greet thing. Then we would break up into two teams for flag football. He was my coach.

He was a super-nice guy. I was always a fan that I'd hope would do well.

Legally.

Does all this make this more valuable or less?......

I wish this board had a section where we could discuss our interactions with famous people

TAMPA, Fla. -- Former NFL player Josh Bellamy has been sentenced to three years and one month in federal prison for fraudulently obtaining over $1.2 million in COVID-19 relief funds.

Bellamy, 32, of St. Petersburg, Florida, was sentenced Friday in Tampa federal court, according to court records. He pleaded guilty in June to conspiracy to commit wire fraud. Besides serving prison time, Bellamy must also pay restitution.

what percent of those covid loans were used for their intended purposes... seems like most of them get lost in Markham

https://chicago.cbslocal.com/2021/11/02/markham-ghost-businesses-ppp-loans/