Pretty Ricky rapper, Diamond Blue Smith has been arrested for using his COVID-19 relief money to buy a $96,000 Ferrari and other luxury items. The rapper, who lives in Miramar, was charged with wire fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud. He was arrested and appeared Monday before a U.S. Magistrate Judge in Georgia.
Feds say he used falsified docs to get himself a $426,717 loan under the Paycheck Protection Program for his company Throwbackjersey.com LLC. That program is part of the CARES act, which is intended to provide emergency financial relief during the pandemic.
Smith is also accused of falsifying documents to seek ANOTHER $708,065 for his other company, Blue Star Records LLC. The Ferrari he purchased has been seized.
Photo: Getty