Coral Springs Man Sentenced In COVID Loan Scheme Involving Ex-NFL Receiver

Former National Football League wide receiver Joshua Bellamy

By Kevin Deutsch

A Coral Springs man will serve federal prison time for leading a nationwide scheme to fraudulently obtain over $24 million in COVID-19 Paycheck Protection Program loans—with the help of former National Football League wide receiver Joshua Bellamy, federal prosecutors said.

According to court documents, Phillip J. Augustin, 53, was sentenced this week to 6.5 years imprisonment by U.S. District Judge Pamela Barker in Cleveland, Ohio, where Augustin spearheaded the scam.

Barker also ordered Augustin to pay $5.9 million in restitution and forfeit $280,000 in funds previously seized from his bank account by the Department of Justice, records show.

According to the federal government, Augustin conspired to obtain millions of dollars in fraudulent PPP loans guaranteed by the Small Business Administration, then collected kickbacks from people…

Read full article at coralspringstalk.com

Share.

Comments are closed.