Former New York Jets wide receiver Josh Bellamy was arrested for his alleged role in a $24 million scheme to receive illegal loans intended for coronavirus relief.

Bellamy, 31, was charged in a federal criminal complaint with fraud, bank fraud, and conspiracy to commit wire fraud and bank fraud. He allegedly received more than $1.2 million in Paycheck Protection Program (PPP) loans for his company Drip Entertainment LLC.

The Jets released Bellamy on Tuesday. The organization wasn't aware of the arrest at the time of the release, a source said.

According to the Justice Department, Bellamy spent more than $62,000 in loan money at the Seminole Hard Rock Hotel and Casino in Florida. He also is accused of using more than $104,000 for luxury goods, including purchases at Dior, Gucci and various jewelers, in addition to withdrawing more than $302,000.

Ten other defendants were allegedly involved in the scheme.