Pretty Ricky's Baby Blue Accused of Using Coronavirus Relief Loan to Buy Ferrari

  /  10.07.2020

A member of Pretty Ricky is facing federal charges for his alleged involvement in a $24 million coronavirus relief fraud scheme.

Diamond “Blue Blue” Smith was arrested and charged with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud, according to the New York Daily News. He appeared Monday before a U.S. Magistrate Judge in Georgia.

The “Love & Hip Hop: Miami” star allegedly used falsified documents to obtain a $426,717 loan under the Paycheck Protection Program (PPP) for his company, LLC. Smith is also accused of seeking another loan of $708,065 for his other company, Blue Star Records LLC, again using falsified documents.

Smith, 36, allegedly used the PPP funds to buy luxury goods and a $96,000 Ferrari, which was seized by authorities at the time of his arrest. He is also alleged to have withdrawn $271,805 in loan proceeds.

The “Grind With Me” hitmaker is among at least 11 other defendants who allegedly participated in the COVID-relief fraud scheme to file fraudulent loan applications seeking more than $24 million in forgivable PPP loans. Authorities say he also sought PPP loans on behalf of others in order to receive kickbacks.

The Paycheck Protection Program is part of the Small Business Administration’s Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides emergency financial aid for those suffering from the economic effects of the coronavirus pandemic.

In August, a woman who was reportedly pregnant with Smith’s child accused the singer of physical assault, alleging that he punched her in the stomach while pregnant.


Drake Takes Shots At Rick Ross In Instagram DMs: "Shoulda Just Asked For Another Feature"

Rick Ross swiftly responded to Drake’s jabs: “I don’t need you for a remix, white ...

Lil Uzi Vert Shares A Special Secret With Fans At Coachella

Lil Uzi Vert is the talk of the internet following their dynamic set during the ...

Nicki Minaj Claims Her "Pink Friday 2 World Tour" Montreal Concert Was Sabotaged

Despite having to postpone the show for a few hours, Nicki Minaj’s Montreal fans showered ...

Drake Suggests Kendrick Lamar Doesn't Have A Follow-Up To His Alleged Diss

Drake’s remarks came after DJ Hed said that his alleged “Push Ups” diss track doesn’t ...
View More

Sponsored Stories