Baby Blue sentenced to 20 months in prison for involvement in PPP loan fraud


Roommates, at the height of the COVID-19 pandemic last year, it seemed like everyone and their mothers had applied for PPP loans to help keep their lifestyles going, including some celebrities like Pretty Ricky Rapper Baby Blue. Blue had shocked people to find out he was caught on various charges, including wire transfer fraud, bank fraud, and wire transfer conspiracy, for his involvement in a more than $ 24 million PPP loan scam in October 2020. Almost a year has passed since new information was released in the Blues case.

It looks like the Florida native has been formally convicted for his actions. According to the U.S. Department of Justice, Blue, nee Diamond Smith, was sentenced to 20 months in prison on December 16, after pleading guilty on August 4 in the southern Florida district of conspiracy to commit wire fraud. As previously reported, Blue admitted to obtaining a $ 426,717 PPP loan for his company, Throwbackjersey.com LLC, using forged documents and information. After completing this loan, he wasn’t done yet!

Blue received another $ 708,065 PPP loan for his other company, Blue Star Records LLC, using forged documents and information. Blue was sentenced to pay $ 1,111,345.23 in reparation and $ 1,134,782 in forfeiture on top of his prison term. The rapper has been silent and has not commented on the issue since May 2021 when he offered advice on PPP lending to his followers.

At the time, he posted an online statement that said, “I would like to take a second to use my platform and tell all of my followers and anyone who sees it … If someone has an offer for When you get a PPP loan, just tell them NO, THANK YOU! “He continued,” Ignorance is not a legal defense and when you stand in front of a judge and jury you cannot say ‘I didn’t know’. “Roommate, we will keep yourself up to date if Blue says anything about the conviction!





Source link

Leave a Comment

Your email address will not be published. Required fields are marked *