N.Y. Jets player arrested, charged for role in $24M COVID relief fraud scheme

N.Y. Jets player arrested, charged for role in $24M COVID relief fraud scheme

[Ed. – Part of the new NFL emphasis on equality?]

A National Football League (NFL) player has been charged for his alleged participation in a scheme to file fraudulent loan applications seeking more than $24 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

NFL wide receiver Josh Bellamy, 31 … was charged … with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud. … Early in the scheme, Phillip J. Augustin allegedly obtained a fraudulent PPP loan for his talent management company using falsified documents. After submitting that application, Augustin then began to work with other co-conspirators, including Bellamy, on a scheme to submit numerous fraudulent PPP loan applications for confederate loan applicants, in order to receive kickbacks for obtaining the forgivable loans for them.

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