Pretty Ricky's Baby Blue Released From Prison Early Under Trump Act, Changes His Name To 'Bigg Money Blue'
Baby Blue claims to have new music in the works after serving time for committing PPP fraud.
February 08, 2023 at 5:44 pm
Pretty Ricky’s Baby Blue was released Tuesday after serving time in jail for a $24 million Paycheck Protection Program (PPP) loan scam.
As Blavity covered, on Dec. 16, 2021, Blue, whose legal name is Diamond Blue Smith, was sentenced to 20 months in prison after pleading guilty to conspiracy to commit wire fraud.
He used the money to fund his extravagant lifestyle, spending hundreds of thousands on hotels and casinos. The “Grind With Me” rapper also purchased a Ferarri with the stolen funds. Blue also “wrongfully claimed $426,717 for his business, Throwbackjersey.com LLC, by forging documents and providing fallacious information. He also applied for another PPP loan for his second company, Blue Star Records LLC, receiving an additional $708,065.”
Court documents also stated he paid James R. Stote and Phillip J. Augustin $250,000 each to assist him in completing the fraudulent actions.
The criminal enterprise forged “at least 90 fraudulent applications” and submitted a majority to the government for funds. As a result, Smith was ordered to pay $1,111,345.23 in damages and $1,134,782 in the forfeiture and serve his prison term at the Federal Correctional Institution, Coleman Low facility, in Coleman, Florida. Smith surrendered to authorities on Feb. 7, 2022.
His bandmates Pleasure P and Spectacular welcomed the newly free man home.