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2020-09-11 -Lurid Crime Tales-

Some PPP Loans Were Used To Buy Rolexes, Rolls Royces, Report Finds

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Posted by Fred 2020-09-11 00:00|| || Front Page|| [10 views ] Top

#1 Old news.... I mean really old. When I was a kid, I remember a story about some farmer who was given Federal money not to plant his crop (price supports), so he spent the money on a Cadillac.

Posted by Mercutio 2020-09-11 08:20|| 2020-09-11 08:20|| Front Page Top

#2 Is anyone surprised?

Posted by Iblis 2020-09-11 09:49|| 2020-09-11 09:49|| Front Page Top

#3 Nope. I'm sure a lot of it got plowed into the stock market, too.

Posted by gorb 2020-09-11 12:20|| 2020-09-11 12:20|| Front Page Top

#4 Former New York Jets and Chicago Bears wide receiver Josh Bellamy was charged with federal wire fraud, bank fraud, and conspiracy Thursday for allegedly participating in a scheme involving $24 million in fraudulent Payroll Protection Program loan applications.

According to the Justice Department, Bellamy participated in seeking PPP loans on behalf of himself, family and close associates. Among 90 fraudulently prepared applications, most were submitted, securing payouts of at least $17.4 million, the department said.

Posted by Shutle Jones3986 2020-09-11 13:48|| 2020-09-11 13:48|| Front Page Top

#5 Although a "former player", the reputation of the National Felons League continues unabated.

Posted by Clem 2020-09-11 13:56|| 2020-09-11 13:56|| Front Page Top

#6 Mr. Bellamy was a "current" player when he committed those crimes: On September 8, the New York Jets announced it had released Bellamy, making him a free agent.

Released on Tuesday, arrested on Thursday. With 2 days warning, he could have done an OJ with a white Bronco.

Posted by Shutle Jones3986 2020-09-11 15:46|| 2020-09-11 15:46|| Front Page Top

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