The United States Department of Justice dropped a bombshell on Thursday when they announced that former Jets WR Josh Bellamy has been charged in a federal criminal complaint filed in the Southern District of Florida with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud.
Ex-#Jets WR Josh Bellamy was arrested this morning and charged with wire fraud, bank fraud, and more for his alleged role in a scheme to file fraudulent loan applications seeking more than $24 million in PPP Loans. He was cut yesterday. More here: https://t.co/J0Ynp2tVyN
— Ian Rapoport (@RapSheet) September 10, 2020
Bellamy was released by the New York Jets on Wednesday and arrested on Wednesday. The complaint against Bellamy alleges that he conspired with others to obtain millions of dollars in fraudulent PPP loans using falsified documents.
Bellamy is alleged to have obtained a PPP loan of $1,246,565 for his own company and then purchasing over $104,000 in luxury goods using the proceeds of his PPP loan, including purchases at Dior, Gucci, and jewelers. Aside from that, he is also alleged to have spent approximately $62,774 in PPP loan proceeds at the Seminole Hard Rock Hotel and Casino, and to have withdrawn over $302,000.
In 2019, Bellamy appeared in seven games for the Jets and caught two passes for 20 yards receiving and no touchdowns.