Love & Hip Hop: Miami star and Fairly Ricky rapper Child Blue, has been charged and accused of utilizing his coronavirus reduction cash to purchase a Ferrari.
Child Blue was arrested Monday and 28-year-old Tonye C. Johnson of Pennsylvania for his or her roles in a $24 million COVID-19 reduction fraud rip-off.
Based on the federal government, the truth tv star acquired cash for a Ferrari by falsifying paperwork to get a Paycheck Safety Program (PPP) mortgage value practically $427,000.
The PPP loans have been meant to assist help companies survive via the pandemic. Many small companies in want have been unable to obtain loans, and lots of giant corporations (and smaller companies wh weren’t in want) have been granted giant loans.
Feds say he then sought and obtained one other PPP mortgage of $708,065 for his different firm, Blue Star Data LLC, utilizing falsified paperwork and likewise withdrew $271,805 in mortgage proceeds. The criticism additional alleges that Smith sought PPP loans on behalf of others with a purpose to obtain kickbacks for these confederates.
The opposite 11 defendants allegedly concerned on this scheme.