PEMBROKE PARK, Fla. – An NFL player has been arrested as part of a federal fraud investigation.
Investigators say that Josh Bellamy, a wide receiver from St. Petersburg who was released by the New York Jets earlier this week, was among a group of people who filed fraudulent Paycheck Protection Program loan applications for more than $24 million.
He has been charged in South Florida federal court with wire and bank fraud in addition to conspiracy to commit wire and bank fraud.
Bellamy allegedly got more than a million dollars for his own company, Drip Entertainment.
Investigators say he then bought $104,000 worth of luxury goods from designers like Dior and Gucci.
They also allege that he spent more than $62,000 of the loan at the Seminole Hard Rock Hotel & Casino in Broward.
Bellamy is accused of trying to get PPP loans for family members and associates.
The payments were part of the CARES Act, a federal law enacted in late March to provide emergency financial assistance to millions of Americans suffering the economic fallout of the coronavirus pandemic.