Love & Hip Hop Atlanta’s Maurice Fayne charged with Federal Bank Loan Fraud


Love & Hip Hop: Atlanta's Mo Fayne charged with bank fraud after ...

Love & Hip Hop Atlanta star Maurice Fayne (” Arkansas Mo” ) went shopping.  He leased himself a 2020 Rolls Royce, bought himself A Rolex, a dimond braclet, and 5.73 caret dimond ring all totaling $85grand.   And for his family, he paid 40 grand to catch up on some of those pesky child support payments.

The money he spent was a loan from the feds. The Paycheck Protection Program was from the federal program designed to keep struggling businesses afloat amid the COVID-19 pandemic.

The money was for his transportation business, Flame Trucking. On his application, he requested more than $3.7 million for his company, he said he had 107 employees and a monthly payroll of nearly $1.5 million.  Fayne certified that the loan proceeds would be used to retain workers, maintain payroll and make payments.

After he received loan he went shopping. When he met with the Feds earlier this month he told them the money was for his company and he told them he didnt use the money for himself.

Monday, they searched his home and seized nearly 80k in cash, including some $9400.00 in his pockets,  The feds seized more than a half million in his bank accounts.

Fayne was charged with federal loan bank fraud.

CityFella

Published by CityFella

Moved to the Big Tomata in the nineties from San Francisco. No Suburbs for me with its single colored houses and lawns and the excitement of pulling out my trash can once a week. I'm a CityFella , a part time New Yorker. I'm happiest in the Center City where people the streets and people are alive. I'm still waiting to buy a 34th floor condo somewhere downtown/Midtown with a nightclub. "Hurry I'm old" My politics are somewhere in the middle with a needle that constantly moves. I'm too liberal to be a Republican and too conservative to be a Democrat. Everything interests me . I've come to love Sacratomato, Its a nice town in cheap sensible shoes .

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