Baby Blue sentenced to 20 months for participating in PPP loan fraud – Owning more than 1 million dollars in compensation Celebrity News

Roommates, last year during the height of the COVID-19 pandemic, it seems that people and their mothers applied for PPP loans to help maintain their lifestyle, including some celebrities like Pretty Ricky’s rapper Baby Blue. Blue shocked everyone when he discovered he was arrested on various charges, including wire fraud, bank fraud and conspiracy to commit wire fraud, because he had involved in a PPP loan scam worth more than $24 million, in October 2020. It’s been almost a year since any new information about Blue’s case was released so far.

It looks like the Florida man has been officially convicted for his actions. Follow United States Department of Justice, Blue, born Diamond Smith, was sentenced December 16 to 20 months after pleading guilty on August 4 in the Southern District of Florida for conspiracy to commit electronic fraud. As We previously reported Blue admitted to receiving a $426,717 PPP loan to his company, Throwbackjersey.com LLC, using fake documents and information. After completing that loan, he didn’t finish!

Blue obtained another $708,065 PPP loan to his other company, Blue Star Records LLC, using falsified documents and information. Blue was ordered to pay $1,111,345.23 in restitution and $1,134,782 in forfeiture plus his prison term. The rapper has been silent and hasn’t talked about the matter since May 2021, when he suggested advice to his followers about PPP Loans.

At the time, he released a statement online saying, “I want to take a moment to use my platform and tell all my followers and anyone who sees this. hey… If someone approaches you with an offer for a PPP Loan, just tell them NO THANK YOU!” He continued, “Ignorance is not a legal defense, and when you’re in front of a judge and a jury, you can’t say ‘I don’t know.'” keep you posted if Blue says anything about convict!

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