Reality TV star charged with fraud for misusing $2million PPP pandemic mortgage, Entertainment News


‘Love & Hip Hop: Atlanta’ star Maurice Fayne aka Arkansas Mo was charged with federal financial institution fraud, in response to the US Department of Justice. 

Maurice Fayne turned common along with his look on 9 episodes of ‘Love & Hip Hop: Atlanta’ in season eight.

As for the scandal, he reportedly obtained a Paycheck Protection Program mortgage within the identify of a trucking firm, however allegedly spent the funds on himself. 

The actuality TV star was capable of safe a mortgage for greater than $2 million, saying it was for his payroll. However, he allegedly used greater than $1.5 million on jewellery, together with a Rolex Presidential watch, a diamond bracelet and a 5.73 carat diamond ring for himself. 

He can be accused of utilizing the federal funds to play $40,000 in youngster assist, in response to authorities.

The PPP program is supposed to help staff and small companies battered by the coronavirus pandemic.

Fayne denied the allegations when initially interviewed by federal brokers, however after a search of his dwelling, they seized roughly $80,000 in money, together with $9,400 that Fayne had in his pockets, and the jewellery he allegedly bought with the PPP funds, in response to the DOJ. 

 



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