Love & Hip Hop: Atlanta star Maurice Fayne, aka Arkansas Mo, on Wednesday was charged with federal bank fraud, according to the U.S. Department of Justice.
The 37-year-old Fayne of Dacula, Georgia, who appeared on nine episodes of Love & Hip Hop: Atlanta in season eight, obtained a Paycheck Protection Program loan in the name of a trucking company, but allegedly spent the funds on himself. Fayne made his initial court appearance Wednesday.
The charge stems from Fayne obtaining the PPP loan for a Georgia corporation he called Flame Trucking. The former reality TV star was able to secure a loan for more than $2 million, saying it was for his payroll. However, he allegedly used more than $1.5 million on jewelry, including a Rolex Presidential watch, a diamond bracelet and a 5.73 carat diamond ring for himself. Fayne also is accused of using the federal funds to play $40,000 in child support, according to authorities.
The recently passed PPP program is meant to assist employees and small businesses battered by the coronavirus pandemic.
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SOURCE: The Hollywood Reporter, Ryan Parker