HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Reality TV star arrested ...

Thu May 14, 2020, 10:43 AM

Reality TV star arrested for allegedly spending $1.5 million of PPP funds on jewelry, child support

A reality television personality has been arrested on charges of committing bank fraud in order to obtain funds through the Paycheck Protection Program. The Department of Justice announced that Maurice Fayne, aka Arkansas Mo, 37, of Dacula, Georgia, was arrested on charges of bank fraud. Fayne appeared before a federal judge on Wednesday. Fayne is a cast member of “Love & Hip Hop: Atlanta.”

The Paycheck Protection Program was implemented to assist small businesses make payroll during the spread of the coronavirus, as many companies had to scale back operations to help mitigate the spread of the virus.

Fayne allegedly applied for a loan under the name Flame Trucking, stating that the business had 107 employees and an average monthly payroll of $1,490,200. The DOJ said that Fayne applied for a $3,725,500 loan that would be used to “retain workers and maintain payroll or make mortgage interest payments, lease payments, and utility payments, as specified under the Paycheck Protection Program Rule.”

United Community Bank provided Fayne with more than $2 million following his applications. Within days, Fayne allegedly spent more than $1.5 million of the PPP loan proceeds to purchase $85,000 in jewelry, including a Rolex Presidential watch, a diamond bracelet, a 5.73 carat diamond ring for himself, and to pay $40,000 for child support.

“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,” said Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division.

https://www.10news.com/news/national/reality-tv-star-arrested-for-allegedly-spending-1-5-million-of-ppp-funds-on-jewelry-child-support

3 replies, 981 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply Reality TV star arrested for allegedly spending $1.5 million of PPP funds on jewelry, child support (Original post)
left-of-center2012 May 14 OP
jimfields33 May 14 #1
superpatriotman May 14 #2
eppur_se_muova May 14 #3

Response to left-of-center2012 (Original post)

Thu May 14, 2020, 11:19 AM

1. They found out quick. They are not playing around.

A lot of times it takes years to find this type of fraud and theft. Good on those watching out for the tax payers for a change.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to left-of-center2012 (Original post)

Thu May 14, 2020, 11:21 AM

2. What a dick

Many more dicks in this country who need to be outed

Reply to this post

Back to top Alert abuse Link here Permalink


Response to left-of-center2012 (Original post)

Thu May 14, 2020, 11:22 AM

3. Not the reality TV star I was hoping for. nt

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread