Baby Blue from the group Pretty Ricky was recently arrested on federal fraud charges! Diamond Blue Smith was charged with Bank Fraud, conspiracy to commit wire fraud. Blue filled for a PPP business loan totaling 24 million dollars.
According to Onsite the star took out a loan for $426,717 for his Throwback Jersey LLC company. He also applied for $708,065 for Blue Star Record label company. Him and partner Tony C. Johnson and 11 others now face federal charges for bank fraud. Tony Johnson allegedly had a towing company in Pennsylvania. All the documents use to obtain the loan was Falsified documentation.
Blue also brought himself a Ferrari which has been seized and other material items. No more information on if a bond was set for Blue. I’ll keep everyone updated on what happens! Be careful with with PUA scams, the federal government not playing!
photo credit; google
report information; onsite Instagram