Bellmai, 31, was charged in a federal criminal complaint with fraud, bank fraud and wire fraud and conspiracy to commit bank fraud. According to the Department of Justice, he allegedly received more than $ 1.2 million in paycheck protection program (PPP) loans for his company Drip Entertainment LLC.
Bellamy, after recovering from a shoulder injury, relieved himself of being unable to perform physically on the Jets’ list on Tuesday. A source said that the organization was not aware of the arrest at the time of release.
He was arrested in Florida on Thursday morning and was scheduled to appear later in the day before US Magistrate Judge Christopher Tite of the Central District of Florida.
According to the Department of Justice, Bellamy spent more than $ 62,000 in loan money at the Seminole Hard Rock Hotel and Casino in Florida. He is also accused of using more than $ 104,000 for luxury goods, which includes purchases at Dior, Gucci and various jewelers, in addition to withdrawals of more than $ 302,000.
Ten other defendants were allegedly involved in the scheme.
PPP COVID-19 allows small businesses suffering from financial difficulties to qualify to receive low-interest loans from the epidemic.
Bellamy, who broke into the NFL in 2012 as a free agent for the Kansas City chiefs, signed a two-year, $ 5 million contract with the Jets last year. He played almost exclusively on special teams, as he made just two receptions as a receiver.
He suffered a shoulder injury season and started training camp on the PUP list.