Pretty Ricky's Baby Blue is now a free man, kind of, after serving a little over a year in his PPP fraud case, and his bandmates were there to greet him upon release.
The Federal Bureau of Prisons tells TMZ Hip Hop ... Baby Blue was released Tuesday from the Federal Correctional Institution Coleman Low in Florida.
The 38-year-old pled guilty to conspiracy to commit wire fraud in August 2020, and was sentenced to 20 months in prison ... which he started serving in February 2022.
Blue was transferred to the BOP's Miami Residential Reentry Management Office, which oversees inmates transitioning back to public life. He will stay in community confinement -- either home detention or a halfway house -- until he is officially released from custody on April 4.
Upon his release, Blue was surprised by Pleasure P and Spectacular, Blue's actual brother, who both excitedly live streamed the moment as they promised to celebrate in various ways ... but Baby Blue isn't completely out of the woods yet.
Baby Blue has another 3 years of supervised release, and still has to pay $1,111,345.23 in restitution as part of his sentence.
According to court docs, he forfeited a 2010 Ferrari 458 Italia about a year ago, but that only knocked around $65K off his tab -- so he still owes well over $1 million.
Blue doesn't seem too worried right now ... he's just happy to be out of prison, and says he's officially changing his name to Bigg Money Blue, because cash rules everything around him -- at least until that debt is settled!!!