On another occasion, he spent more than $27,176 at the Seminole Hard Rock Hotel and Casino, prosecutors said.
The FBI also accused Smith in a complaint of fraudulently seeking PPP loans on the behalf of others in order to get kickbacks.
At least a dozen other people are charged in the scheme, which secured at least $17.4 million in relief funds, prosecutors said. The complaints allege that the scheme "involved the preparation of at least 90 fraudulent applications... worth more than $24 million." Many of which were approved and funded "paying out at least $17.4 million."
Smith's Ferrari — it was not immediately clear which model — was seized when he was arrested Monday on charges of wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud.
_______________________
 https://www.tampabay.com/news/health/2020/10/07/florida-rapper-diamond-blue-smith-bought-ferrari-with-coronavirus-relief-money-feds-say/
Florida rapper Diamond Blue Smith bought Ferrari with coronavirus relief money, feds say
Smith, 36, a cast member on Love & Hip Hop: Miami and a member of the group Pretty Ricky, was arrested this week along with a Pennsylvania tow truck operator for their roles in a $24 million COVID-19 relief fraud scheme.
|
