Whitey Ford
05-14-2020, 12:21 PM
'Love & Hip Hop: Atlanta' Star Charged With Fraud After Obtaining $2M PPP Pandemic Loan
https://i.imgur.com/X9UF74z.png
Maurice Fayne allegedly used more than $1.5 million on jewelry and child support, according to authorities.
Love & Hip Hop: Atlanta star Maurice Fayne, aka Arkansas Mo, on Wednesday was charged with federal bank fraud, according to the U.S. Department of Justice.
The 37-year-old Fayne of Dacula, Georgia, who appeared on nine episodes of Love & Hip Hop: Atlanta in season eight, obtained a Paycheck Protection Program loan in the name of a trucking company, but allegedly spent the funds on himself. Fayne made his initial court appearance Wednesday.
The charge stems from Fayne obtaining the PPP loan for a Georgia corporation he called Flame Trucking. The former reality TV star was able to secure a loan for more than $2 million, saying it was for his payroll. However, he allegedly used more than $1.5 million on jewelry, including a Rolex Presidential watch, a diamond bracelet and a 5.73 carat diamond ring for himself. Fayne also is accused of using the federal funds to play $40,000 in child support, according to authorities.
The recently passed PPP program is meant to assist employees and small businesses battered by the coronavirus pandemic.
https://www.hollywoodreporter.com/news/love-hip-hop-atlanta-star-charged-fraud-obtaining-2m-ppp-pandemic-loan-1294517
https://i.imgur.com/X9UF74z.png
Maurice Fayne allegedly used more than $1.5 million on jewelry and child support, according to authorities.
Love & Hip Hop: Atlanta star Maurice Fayne, aka Arkansas Mo, on Wednesday was charged with federal bank fraud, according to the U.S. Department of Justice.
The 37-year-old Fayne of Dacula, Georgia, who appeared on nine episodes of Love & Hip Hop: Atlanta in season eight, obtained a Paycheck Protection Program loan in the name of a trucking company, but allegedly spent the funds on himself. Fayne made his initial court appearance Wednesday.
The charge stems from Fayne obtaining the PPP loan for a Georgia corporation he called Flame Trucking. The former reality TV star was able to secure a loan for more than $2 million, saying it was for his payroll. However, he allegedly used more than $1.5 million on jewelry, including a Rolex Presidential watch, a diamond bracelet and a 5.73 carat diamond ring for himself. Fayne also is accused of using the federal funds to play $40,000 in child support, according to authorities.
The recently passed PPP program is meant to assist employees and small businesses battered by the coronavirus pandemic.
https://www.hollywoodreporter.com/news/love-hip-hop-atlanta-star-charged-fraud-obtaining-2m-ppp-pandemic-loan-1294517