Tag Archives: mo fayne

‘Love & Hip-Hop: Atlanta’ Star Mo Fayne Sentenced To 17 Years In PPP Fraud Case

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According to several confirmed reports, Love And Hip Hop: Atlanta regular Mo Fayne was sentenced to 17 years behind bars for his role in a PPP fraud case.

Fayne pleaded guilty to six charges, which included bank and wire fraud. The reality show star copped a plea in order to get 14 of the charges dropped, but the judge gave Fayne an extra five years on what was expected to be a twelve year sentence.

Fayne used the money from his PPP loan to pay off a $40K child support debt, $136K for a Rolls Royce, $85K in jewelry and $907K to start a new business in Arkansas.

According to TMZ, “Fayne submitted a $3.7 million PPP loan application, falsely claiming his trucking business had 107 employees and an average monthly payroll of $1,490,200.”

The post ‘Love & Hip-Hop: Atlanta’ Star Mo Fayne Sentenced To 17 Years In PPP Fraud Case appeared first on The Source.

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“Love & Hip Hop: Atlanta” Star Mo Fayne Pleads Guilty In PPP Loan Fraud Case

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According to a recent report from TMZ, Mo Fayne, one of the stars of Love & Hip Hop: Atlanta, is facing some serious prison time after he reached a plea deal in his PPP loan fraud case.

Fayne, whose real name is Maurice Fayne, plead guilty to six counts of federal bank fraud after fraudulently taking part in the Paycheck Protection Program, which is meant to protect small businesses affected by COVID-19.

It is reported that Fayne bought eight trucks, $85K worth of jewelry, put $100,000 in several different bank accounts, paid off child support and other personal debts.

Fayne is now facing 151 months, which is 12 years – more than half of the time he was initially facing before the 14 charges were dropped in the plea agreement.

TheSource.com will update this story as details develop.

The post “Love & Hip Hop: Atlanta” Star Mo Fayne Pleads Guilty In PPP Loan Fraud Case appeared first on The Source.

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Karlie Redd and Mo Fayne Quietly Divorce Following Fraud Charges

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Love and Hip Hop star Karlie Redd left some of her fans with their jaws open after finding out that the reality star jumped the broom. Well now, fans are just as shocked and confused to find out that her marriage to Mo Fayne, would end so soon, as there are reports that the two have called it quits.

As per The Shade Room, Karlie and Mo Fayne were able to come to an understanding amid their split. Neither party will receive alimony and Mo Fayne will surrender a BMW to his now, ex-wife. The settlement allegedly states, “There was no property, debts or children from the marriage.”

The news comes only a month after Mo Fayne was arrested for federal bank fraud. Federal authorities claim that after receiving a 2 million dollar private loan to help with his business amid the global pandemic, Fayne used the money to extravagant gift for himself and his family.

Although we may have not heard much, it’s safe to say we can all stay tuned for the next season of Love and Hip Hop Atlanta to find out what’s really going on.

The post Karlie Redd and Mo Fayne Quietly Divorce Following Fraud Charges appeared first on The Source.

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