PPP loan fraud | Its Hip Hop

A back and forth argument on Father’s Day between Ace Hood and his baby mama has ended with some serious accusation being thrown at the ATL spitter.

Hod, whose real name is Antoine McColister, claimed that his children’s mother Shanice Tyria was preventing him from seeing his kids on Father’s Day due to financial issues, but she shot back saying that Hood owed over $95K in child support and accused the rapper of taking out a $144K Paycheck Protection Program loan, even though he has no employees.

There have been a handful of notables ho have been jammed up in PPP loan fraud including Pretty Ricky’s Baby Blue and Mo Fayne from Love And Hip Hop, who was just recently sentenced to 12 years in prison.

The post [WATCH] Ace Hood’s Baby Mama Exposes Him For Getting $144K PPP Loan appeared first on The Source.

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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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