When will people learn you cannot mess around with the governments money? Well Love and Hip Hop ATL’s Maurice Mo Fayne is finding out the hard way.
It;s being alleged that his spent his ppp loan money to buy a car, a watch and pay child support. When that money was supposed to be used to pay employee’s for his buusiness.
Via LoveBScott
Maurice “Mo” Fayne — who appeared in the reality-TV show’s eighth season — made his first court appearance Wednesday in Georgia on federal bank fraud charges, according to the US Department of Justice.
Fayne, 37, applied for a Payment Protection Program loan for a corporation called Flame Trucking on April 15, saying he needed the money to pay employees and for other business expenses.
Instead, he spent much of the $2,045,800 cash infusion to splurge on himself, federal prosecutors alleged.
Within days, he allegedly squandered $85,000 in jewelry — including a Rolex Presidential watch, a diamond bracelet, a 5.73 carat diamond ring. He also spent $40,000 for child support, the prosecutors said.
Source: Staff / Radio One Digital
