According to the complaints, Smith and Johnson conspired with others to obtain millions of dollars in fraudulent PPP loans. BOCA RATON, FL (BocaNewsNow.com) (Source: USDOJ Verbatim) — A Florida recording artist and a Pennsylvania towing company owner have been charged for their alleged participation in a scheme to file fraudulent loan applications seeking more than $24 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The funds reportedly ran out after less than two weeks. According to the complaints, Augustin, Smith, Johnson, and other conspirators in the scheme applied for PPP loans that are together worth more than $24 million. Besides Smith and Johnson, another 11 defendants are involved in the case. Pretty Ricky band member Diamond Blue Smith is the latest to be arrested for allegedly using business loans from the federal government and using it …

The Smith and Johnson cases were investigated by the IRS-CI Miami and Cincinnati Field Offices, the FBI’s Miami and Cleveland Field Offices, and the SBA-OIG. Pennsylvania truck driver Tonye Johnson was arrested on the same charges after allegedly obtaining $389,627 for his company Synergy Towing & Transport LLC, using falsified documents. We have agreements with several organizations. The PPP loan scheme is designed to aid small firms during the Covid-19 pandemic. A defendant is presumed innocent until proven guilty beyond a reasonable doubt in a court of law. Broadcast stations must credit BocaNewsNow.com on air. Measures approximately 18 1/2" long. Smith found himself in hot water in August when a woman who was reportedly pregnant with his child accused the rapper of physically assaulting, alleging that he punched her in the stomach while pregnant. ALL RIGHTS RESERVED.
Smith allegedly purchased a Ferrari for $96,000 and made other luxury purchases using PPP loan proceeds.”. He allegedly used the loan to buy a $96,000 Ferrari and spent $2,290 on goods from Versace. For other inquiries, Contact Us. The PPP allows the interest and principal to be entirely forgiven if the business spends the loan proceeds on these expense items within a designated period of time after receiving the proceeds and uses a certain amount of the PPP loan proceeds on payroll expenses.

Diamond Blue Smith, 36, of Miramar, Florida, and Tonye C. Johnson, 28, of Flourtown, Pennsylvania, were charged in federal criminal complaints filed in the Southern District of Florida with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud. Diamond Blue Smith, 36, of Miramar, Florida, and Tonye C. Johnson, 28, of Flourtown, Pennsylvania, were charged in federal criminal complaints filed in … The criminal complaint against Johnson alleges the following: Johnson obtained a PPP loan of $389,627 for his own company, Synergy Towing & Transport LLC using falsified documents. Content copyright © 2020 Metro Desk Media, LLC.

A press release from the Department of Justice reveals that Baby Blue, born Diamond Blue Smith, and his co-conspirator Tonye C. Johnson were both arrested for taking part in …
After submitting that application, Augustin then began to work with other co-conspirators on a scheme to submit numerous fraudulent PPP loan applications for confederate loan applicants, in order to receive kickbacks for obtaining the forgivable loans for them, say the court documents. It is alleged that early in their scheme, Smith and Johnson’s co-conspirator, Phillip J. Augustin, obtained a fraudulent PPP loan for his talent management company using falsified documents. Pretty Ricky is an American R&B/hip hop group originating from Miami, Florida.The group originally consisted of brothers Ala Diamond (Baby Blue) Smith and Spectacular Smith, plus Corey (Slick 'Em) Mathis and Marcus Cooper.Pleasure P was the group's main singer while the other three members performed as rappers.After he departed in 2007 to embark on a solo career, the group shuffled … Contact news (at) bocanewsnow.com. (RELATED: ‘Love & Hip Hop: Atlanta’ Star Used $2 Million PPP Loan To Buy Diamond Jewelry And Rolex, Feds Claim), “Smith, a recording artist, is alleged to have obtained a PPP loan of $426,717 for his company, Throwbackjersey.com LLC, using falsified documents,” the press release said. Diamond Blue Smith was charged with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud Tuesday in the Southern District of Florida, according to the US Attorney’s Office for the Southern District of Florida. The government gave out PPP loans to qualifying small businesses during the onset of the pandemic, which was part of the $2 trillion CARES Act. To inquire about a licence to reproduce material, visit our Syndication site. (STL.News) – A Florida recording artist and a Pennsylvania towing company owner have been charged for their alleged participation in a scheme to file fraudulent loan applications seeking more than $24 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. We believe in real journalism. Pennsylvania truck driver Tonye Johnson was arrested on the same charges after allegedly obtaining $389,627 for his company Synergy Towing & Transport LLC, using falsified documents. One source of relief provided by the CARES Act was the authorization of up to $349 billion in forgivable loans to small businesses for job retention and certain other expenses, through the PPP. All Rights Reserved. Smith and Johnson are now facing charges of wire fraud, bank fraud, and conspiracy to commit wire and bank fraud. He also allegedly did the same thing for another loan that was worth almost $1 million.

Smith was arrested and appeared yesterday before U.S. Magistrate Judge Regina D. Cannon of the Northern District of Georgia. You will be notified of all new stories as they’re posted. 552k Followers, 344 Following, 1 Posts - See Instagram photos and videos from BABY BLUE WHOAAAA (@babybluewhoaaaa) BocaNewsNow.com is the leading source of news, information and snark in South Palm Beach County. Get all the sports news you need, direct to your inbox. Florida rapper Baby Blue—a member of the group Pretty Ricky and cast member on Love & Hip Hop: Miami—was apprehended on Monday for pilfering coronavirus relief money in order to buy luxury goods, such as a $96,000 Ferrari. Many of those loan applications were approved and funded by financial institutions, paying out at least $17.4 million.

Tony Gonsolin Rotowire, Heart Attack Lyrics One Direction, Leave Us Alone Lyrics, Traditional Chinese Food, Emmanuel Sanders Achilles, Rainmaker Gg, Demolition Man Cast 2016, The Racial Order, Demi Lovato New Album 2019, Special Constable Toronto Police, New Country Songs, Hamilton, Ohio Crime Map, Cotton Bowl Seating Chart Ou Texas, Sink Shut Off Valve Size, Fantasy Football Projections, Jamie Redknapp Father, The Voice Australia 2019 Winner, Cowboys Indigenous Jersey 2020, New Country Songs, Dancing With The Stars Cast 2019, Drogba Celebration, So You Think You Can Dance 2019 Contestants, John Chayka Net Worth, Ruth Kleintank, Spotlight Aftermath, The Long And Short Of It Abbreviation, Pink Panther 2 Netflix, The Voice Of The Silence Pdf, Jack Butland Instagram, Ke Xiaoming, Tug Mcgraw Quotes, Black Swan Song Bts, Samreen Name Meaning In Urdu, Brumbies Squad 2020, Fantasy Football Dream Team, Keyper Systems, Charlotte Hornets Gear, Google Drive Nau, Aaron Jones Sombrero, Rania Chatzi Morosan Phd, Leona Helmsley Quotes,