Pretty Ricky’s Baby Blue Charged For Alleged Involvement In $24 Million COVID-19 Relief Scheme, Allegedly Bought Ferrari W/ Funding
Based on reports, Baby Blue (actual name Diamond Blue Smith) of R&B category Pretty Ricky was charged for allegedly engaging in a COVID-19 relief scam value 24 Million.
The Florida rapper along with Love & Hip Hop Miami celebrity continues to be accused of using capital in the aid fund to purchase a new Ferrari.
Baby Blue, 36, was detained Monday, Oct. 5, together 28-year old Tonye C. Johnson for becoming part of the scheme.
These two are facing charges of wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud.
Baby Blue supposedly got cash to get a Ferrari with bogus documents so as to find a Paycheck Protection Program loan at $427,000 bucks. He supposedly repeated the exact same procedure again with a different loan value $1 million.
Based on a FBI analysis, Baby Blue also convinced 11 other people to document for capital, while he obtained a kickback.
Florida Recording Artist and also Pennsylvania Man Charged for Purpose in $24 Million COVID-Relief Fraud Scheme https://t.co/do0TbGerQt
— Justice Department (@TheJusticeDept) October 6, respectively 2020
Paycheck Protection Program loans proved to be part of their $2 trillion CARES Act. The capital have been forgivable loans intended to assist modest companies that suffered in the consequences of COVID-19.
Greater than $1 billion dollars in relief assistance has been given out.
Which are the ideas about Baby Blue being billed in the alleged plot? Tell us in the comments!