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Love & Hip Hop Atlanta star, Arkansas Mo, has been answerable with federal coffer artifice accuse afterwards board apparent he acclimated funds from a $2 actor Paycheck Protection Affairs accommodation to buy affluence items for himself.
Mo, built-in Maurice Fayne, allegedly purchased $85,000 account of jewelry, including a Rolex Presidential watch, a design bracelet, and a 5.73-carat design ring. He additionally paid $40,000 in aback adolescent support.
READ MORE: ‘Love & Hip Hop’ stars Joseline Hernandez and Stevie J. accomplish accord afterwards acrimonious adolescent aegis battle
Fayne acquired the accommodation beneath the name of Flame Towing, his ambitious business. He activated for a accommodation for $3,725,500 to “retain workers and advance amount or accomplish mortgage absorption payments, charter payments, and account payments, as defined beneath the Paycheck Protection Affairs Rule.”
He was ultimately awarded added than $2,000,000 by United Community Bank.
According to MSN, The US Administration of Justice additionally bedeviled $80,000 in banknote from the home and begin a 2019 Rolls-Royce Wraith that still had acting tags on it. Agents additionally bedeviled three coffer accounts into which Fayne had allegedly transferred $503,000 account of PPP funds.
The Paycheck Protection Affairs was a allotment of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The affairs was set up to advice baby businesses pay their advisers and advance their businesses during the coronavirus pandemic.
“The actor allegedly blanket money meant to abetment hard-hit advisers and businesses during these difficult times, and instead greedily acclimated the money to backing his abundant purchases of adornment and added claimed items,” Assistant Attorney General Brian A. Benczkowski said in a statement. “The administration will abide abiding in our efforts to basis out and arraign frauds adjoin the Paycheck Protection Program.”
Fayne appeared on eight episodes of Love & Hip Hop Atlanta during division eight. He was ahead affianced to a adolescent casting member, Karlie Redd. However, during this accepted season, Redd appear that the two had absolutely affiliated and she was accepting a divorce.
READ MORE: Love & Hip Hop’s Karlie Redd secures $300k sex toy band deal
Fayne has denied the allegations adjoin him but has not appear an official statement.
The declared abomination set amusing media abuzz including added Black entrepreneurs who were denied loans through the PPP. A new address from the Baby Business Administration which was tasked to baby-sit the affairs capacity the sad actuality that Black and Hispanic businesses were abundantly shut out of admission to the funding.
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