A player in the NFL who played for the Kansas City Chiefs in 2012 was sentenced to 37 months in prison. He got over 1.2 million dollars through a loan guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security Act.
According to court documents, Joshua J. Bellamy, 32, of St. Petersburg, Florida, pleaded guilty on June 9 in the Southern District of Florida to conspiracy to commit wire fraud. He obtained a PPP loan for his company by falsifying documents and providing false information in September 2016. Bellamy admitted to using the PPP loan proceeds on personal items. He also helped family members and friends with PPP loans. Bellamy gave $311,000 to an alleged co-conspirator for help with loans. Bellamy was sentenced to prison time and ordered to pay $1,246,565 in fines and restitution.
On December 9, a woman from Florida was sentenced to two years in federal prison for fraudulently getting a loan. According to court records, the woman had been involved with a criminal scheme where she used false documents and false information to get her company, Microblading Brow Studio LLC, a loan of $415232. Bain used the PPP loan proceeds to steal money from people. She falsely told the bank that she was using it for “payroll” and “wages.” But she gave more than $28,000 to State as a kickback. The court has sentenced her to prison for this crime and ordered her to pay back all of the money with interest and a penalty.
The complaint charged Stote on June 24, 2020. His case is still pending, and we will see what happens.
Justice Department official Kenneth Polite Jr. said the following: “Assistant Attorney General of the Criminal Division of the U.S. Department of Justice; U.S. Attorney Juan Antonio Gonzalez from Southern District, Florida; Special Agent in Charge Michael J. De Palma from IRS-Criminal Investigation (IRS-CI) Miami Field Office; Acting Assistant Director Jay Greenberg from FBI’sFBI’s Criminal Investigative Division; Special Agent in Charge George L. Piro of FBI’sFBI’s Miami Field Office and Special Agent in Charge Amaleka McCall-Brathwaite from SBA’sSBA’s Office of Inspector General Eastern Region.”
The IRS, the FBI, and the SBA-OIG investigated these cases.
The one who prosecutes people that did wrong things is Philip Trout. He works in the Criminal Division’sDivision’s Fraud Section. David Turken and Yisel Valdes also helped him.
The Fraud Section leads the Criminal Division’sDivision’s prosecution of people who steal money from the government. Since the CARES Act was created, we have done more than 150 cases and seized $75 million in cash proceeds from these people. We also took away over $500 billion and many properties and luxury items bought with this stolen money.
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