Well, if you are struggling financially, your business is shut down, and you can't pay your bills, take comfort in the fact that a bunch of baby mommas and jewelry store clerks are very happy.
Posted on 05/14/2020 4:29:36 AM PDT by SkyPilot
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.
“The defendant allegedly stole money meant to assist hard-hit employees and businesses during these difficult times, and instead greedily used the money to bankroll his lavish purchases of jewelry and other personal items,” Assistant Attorney General Brian A. Benczkowski said in a statement. “The department will remain steadfast in our efforts to root out and prosecute frauds against the Paycheck Protection Program.”
(Excerpt) Read more at hollywoodreporter.com ...
Well, if you are struggling financially, your business is shut down, and you can't pay your bills, take comfort in the fact that a bunch of baby mommas and jewelry store clerks are very happy.
OMG!! A Black Hip Hop “artist” is a CROOK?? I am SHOCKED!
mo money
mo money
mo money
is this among the biggest welfare cheats ever?
Who the heck would want to live in Dracula? I’ll bet it sucks.
LOL!! No way!!
I recall a SNAP (Food Stamp) scam during the Obama regime that was in the millions. There was also a Medicare and Medicaid scam that was in the tens of millions.
SPJNK.
It seems the Congress critters fashioned the law providing for the PPP loans without putting in any requirement for the applicant to substantiate the level of the loan with the most recent federal tax filing showing the company’s actual payroll expense.
Some people call me Maurice.
He gets and many legit businesses are still waiting
I’m sure there are HUNDREDS of those!
One stroke jackpot.
If you are going to steal, do a big job.
The real backstory is naming the consultant or business manager who directed Fayne into this money-pot.
I would guess there is a state or federal statute about knowingly advising someone to obtain these funds when the recipient is not qualified for the program.
The low-hanging fruit: Did everyone involved tell the truth when queried by a federal law enforcement officer?
You had to submit 940’s to substantiate your payroll over the previous 12 months. Sounds like he used Hip Hop Bank.
It didnt until that scumbag showed up.Its going to the dogs now.
What??? A minority deadbeat grifting the system???? That’s something I thought I’d never see ...
TMZ & Harvey Levin will be right on this!!!
NOT!!
The true level of fraud and misuse with any federal multi-billion and -trillion giveaway is just unbelievable. This guy must be just the tip of a titanic iceberg.
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