Scammers are going to rip-off, allegedly. Rapper and Love & Hip Hop: Atlanta star Maurice “Mo” Fayne has pleaded responsible to PPP mortgage fraud, and is over a decade behind bars.
Many individuals have been caught up in Payroll Safety Packages schemes the place they got funds supposed to maintain enterprise afloat throughout the pandemic, however used the cash for private objects like costly overseas automobiles or luxurious clothes. Apparently, the temptation was an excessive amount of for Mo Fayne to withstand.
Reviews TMZ:
The “Love & Hip Hop: Atlanta” star pled responsible to six counts of federal financial institution fraud after prosecutors say he funded a lavish life-style throughout the pandemic with a Paycheck Safety Program mortgage. Y’know … those supposed to assist staff and small companies hit onerous by COVID.
In docs, obtained by TMZ, Fayne was ordered to forfeit practically $100k from a number of financial institution accounts in addition to 8 of his 2015 Kenworth T680 vans. Sure, he purchased EIGHT vans!!!
In trade for his plea, the feds dropped 14 different fees and agreed to suggest Fayne get a 151-month jail sentence — about 12.5 years — and that’s prosecutors going simple on him! Earlier than the deal, he was staring down a doable max of 30 years.
It was beforehand reported that Mo Fayne aka Arkansas Mo additionally used his ill-gotten funds to cop a Rolex and $40,000 in little one help.
Additionally, Mo, who was romantically tied to castmate Karlie Redd, has been in custody since December 2023. He’s asking to be launched till his sentencing in September.
SEE ALSO:
Rip-off Over: Man Who Mentioned He Labored For Wu-Tang & Roc Nation Despatched To Jail For Fraud
Former Pastor Kirbyjon Caldwell Sentenced To Six Years In Jail For Fraud Prices
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