Love & Hip Hop: Atlanta star Mo Fayne is facing federal charges of bank fraud.
A press release from the United States Department of Justice on Wednesday (May 13) accuses the reality star, real name Maurice Fayne, of deceitfully obtaining a small business loan meant for COVID-19 relief. Instead of using the loan for its intended purpose, the feds allege that Karlie Redd’s occasional boyfriend used the Paycheck Protection Program loan money to buy jewelry and pay off personal debts.
Per the report, Fayne submitted a PPP loan application for a company named Flame Trucking back in April, claiming 107 employees and a $1.5 million average monthly payroll. Within days of being approved for just over $2 million, Fayne is accused of using more than $1.5 million of it on a Rolex Presidential watch, a diamond bracelet, a diamond ring, a 2019 Rolls-Royce Wraith and $40,000 in back child support, among other things.
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In a search of Fayne’s Georgia home on Monday (May 11), agents seized approximately $80,000 in cash ($9,400 of which was reportedly in his pockets) and the jewelry he bought. The Wraith was found at the residence as well, which the report noted still had a temporary dealer tag on it.
In a statement, Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division summarized it by accusing Fayne of stealing 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.”
Dumb ass
It’s one word “dumbass”…..DUMBASS
Has he ever heard of audits? Auditors? This isn’t a record company we’re talking about. We’re talking about fed money. And he’s black? If they caught up to guys like Madoff, what makes you think they won’t catch up to you?
What it s worse he did what he did because he is black , i mean i dont understand
Dude, I’m not here to debate you. I didn’t say his crime is worse. For clarity, the point is that if crooked white financiers and politicians have been caught for the same crime in the past, then why would Fayne think he’d somehow get away? You’re free to disagree, but I’m not here for the back and forth.
Because ppl have gotten away with it in the past. They just moved smarter better and more calculated
Who cares really what dude did with the money, he still owes it to the feds. And he better pay the fuck up, LOL!!!!
Stupid motherfucker that’s why we can’t get them because a Knigge like you dumb ass motherfucking dumb ass under the jail stupid motherfucker trying to fake like you got like this dumb ass bitch suck my dick
I hate that for every upstanding black man there’s clowns like this who make all of us look like dumb shits with no common sense. How is someone like this even legally recognized as an adult? There’s deep mental issues among us, we need to stop this clown shit.
Always about the lifestyle I wonder when we black people will ever learn. Smh
He should’ve asked Trump first how to use government money for personal finance. Trumps an expert at it…oh wait he got caught too
Smh scumbag
Nigga you can blow a few thousand of the government money without getting caught by you can’t take 2 million out and blow it… you should know better