Wednesday, October 07, 2020

Pretty Ricky Member Arrested for PPP Fraud


Pretty Rick boy band member Diamond 'Baby Blue' Smith arrested on fraud charges for exploiting the COVID19 Payroll Protection Program...

From The Department of Justice 
Smith, a recording artist, is alleged to have obtained a PPP loan of $426,717 for his company, Throwbackjersey.com LLC, using falsified documents. Upon completion of that loan, Smith then sought and obtained another PPP loan of $708,065 for his other company, Blue Star Records LLC, using falsified documents. Smith allegedly purchased a Ferrari for $96,000 and made other luxury purchases using PPP loan proceeds. Authorities seized the Ferrari at the time of Smith’s arrest. He is also alleged to have withdrawn $271,805 in loan proceeds. The complaint further alleges that Smith sought PPP loans on behalf of others in order to receive kickbacks for those confederates.
Tonye C. Johnson is alleged to have obtained a PPP loan of $389,627 for his own company, Synergy Towing & Transport LLC, using falsified documents. The complaint alleges that Johnson then paid a portion of the loan proceeds to co-conspirators in the scheme.
The complaints allege that Smith and Johnson conspired with others to obtain millions of dollars in fraudulent PPP loans. Early in their scheme, Smith and Johnson’s co-conspirator, Phillip J. Augustin, allegedly obtained a fraudulent PPP loan for his talent management company using falsified documents. 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. The complaints allege that the scheme involved the preparation of at least 90 fraudulent applications, most of which were submitted. Augustin, Smith, Johnson, and other conspirators in the scheme are alleged to have applied for PPP loans that are together worth more than $24 million.
Smith and Johnson both face charges of wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud.

15 comments:

Anonymous said...

You can say so long to any Pretty Ricky reunion.
They must have done a very bad job of falsifying paper work. Yt ppl get away with doing this everyday.

Anonymous said...

Someone got sloppy, caught and told it all! Should have stopped after getting your own coin!

Anonymous said...

These idiots were not discreet, why would you buy a Ferrari as soon as you receive the payout?! Just clueless, should have used it for the business, then stunted and fronted on the back end. Not to mention they went and got money for the homies, pro tip. Scheme alone

Anonymous said...

First rule after a successful bank robbery, don't deposit the money in the bank and don't make high end purchases. Also, keep your business to yourself. Don't brag to anyone and don't put anybody on; let them figure out their own come up.

Rainy Dayz said...

I know somebody doing the same thing. I dont know how black people can so freely play with the FEDERAL GOVERNMENT knowing the system is designed against us anyway.

R in NYC said...

How about don't do this dumb sh*t in the first place.

Anonymous said...

New band in Federal Prison. "Pretty Rickey and the Gurls". Remake of Diana Ross song "Upside Down You Turn Me, with a Big One"...lol

NiyabinghiWerewolfObeahWoman said...

Goddess be a common sense smh I had someone that wanted to do paperwork for me and my small business LLC, I was nah I ain't playing the feds. I'm too old to be in somebodies orange jumpsuit.

Anonymous said...

Niggas gonna nig.

Anonymous said...

This is a perfect example of how monetary reparations won't help blacks in America. You can't even steal a million and spend it on something beneficial towards your future.
Jewelry, clothes, cars??? This is what we want?
He could have actually spent the money towards his business and expanded his business. Smh.

Don balee me juh watch said...

The half a million wasn’t enough? Then he got almost a mil? He should have bought some real chains instead of that Ferrari cause the ones he got on look fake as a $3 bill.

Anonymous said...

Ain't NO FUTURE In Ya Frontin ...

Stay Woke

Anonymous said...

@12:48 N*ggas are the very reason we'll never receive reparations. This fool is the perfect example of one, and unfortunately, there are millions more like him.

Anonymous said...

what's funny is that trumplethinskin and his associates have gotten away with 100x this much money in PPP scams and will likely never be prosecuted.

this fool must've forgot he don't have the complexion or the connections for protection. ah, well...

Anonymous said...

and nah, we'll never receive reparations b/c this racist ass country will never admit to its wrongdoing or the debt black people are owed.

wealthy white people who benefitted from our ancestors' labor are just as fucked up as any so called "niggas."

but they'd rather re-elect trump & turn this shit into a 3rd world country than see justice.

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