Maurice Fayne known as “Arkansas Mo” of Dacula is a trucking company owner and the fiancee of Karlie Redd. He also stars in VH1’s “Love & Hip Hop: Atlanta. Maurice appears in nine episodes of Love & Hip Hop: Atlanta in season eight.
He made headlines in May 2020 after he was arrested and charged with federal bank fraud. He has been sentenced to 17 years and six months in federal prison for conspiracy and wire fraud related to a Ponzi scheme, and for bank fraud, and making false statements to a financial institution related to a fraudulent Paycheck Protection Program (PPP) loan application.
“Love & Hip Hop: Maurice Fayne, aka Arkansas Mo, sentenced to 17 years in prison for fraud”
Maurice Fayne, the star of Love & Hip Hop: Atlanta, was sentenced to 17 years and 6 months in federal prison for conspiracy and wire fraud in connection with a Ponzi scheme, as well as bank fraud and making false statements to a financial institution in connection with a fraudulent Paycheck Protection Program (PPP) loan application.
He has also been sentenced to five further years of supervised release and has been ordered to pay the victims $4,465,865.55 in reparation. Fayne pleaded guilty to these counts and was found guilty on May 11, 2021.
“Fayne planned to use the PPP program as a cover for his long-running Ponzi scheme,” said Acting U.S. Attorney Kurt R. Erskine. “The funds the program supplies serve as a lifeline to many businesses desperately trying to stay afloat during the pandemic, and unfortunately his fraud helped deplete those precious dollars.”
“This sentence should serve notice that the FBI and our federal partners will investigate anyone who misdirects federal emergency assistance earmarked for businesses who need it to stay afloat,” said Chris Hacker, Special Agent in Charge of FBI Atlanta. “We won’t tolerate anyone driven by personal greed to pocket American taxpayer money that should be going to those who need it.”
SBA OIG Eastern Region Special Agent in Charge Amaleka McCall-Brathwaite remarked, “Lying to gain access to SBA’s pandemic response initiatives is not without consequence.” “The Office of Inspector General will rigorously seek evidence of fraud against SBA programs geared at aiding small businesses around the country dealing with the pandemic. I’d want to express my gratitude to the United States Attorney’s Office for its vision and commitment to justice.”
According to Acting U.S. Attorney Erskine, the charges, and other information presented in court: From March 2013 through May 2020, Fayne ran a multistate Ponzi scheme that defrauded more than 20 people who invested in his trucking business. Fayne promised that he would use the investors’ money to operate the business. Instead, he used the money to pay his personal debts and expenses and to fund an extravagant lifestyle for himself. During the scheme, Fayne spent more than $5 million at a casino in Oklahoma.
In April 2020, Fayne submitted a $3.7 million PPP loan application to United Community Bank, falsely claiming that his trucking business had 107 employees and an average monthly payroll of $1,490,200. Fayne promised to use the PPP loan proceeds to retain workers and maintain payroll or make mortgage interest payments, lease payments, and utility payments related to his trucking business. Instead, Fayne used the PPP loan proceeds for improper purposes, including the following:
• $40,000 for past-due child support;
• $50,000 for restitution owed in a previous fraud case;
• $65,000 in cash withdrawals;
• $85,000 for custom-made jewelry;
• $136,000 to lease a Rolls-Royce;
• $230,000 to associates who helped him run a Ponzi scheme;
• $907,000 to start a new business in Arkansas.
Maurice Mo Fayne Age, Date of Birth, Birthday, Family, what about his father, mother, where is he from? Early Life
Fayne’s date of birth details is not known, so it is not known when his birthday is celebrated. However, looking at his photos, we can assume that he is around 35 years old. He likes to avoid the public making it difficult to know his age in his personal stories so that this information will be updated once available.
After our research, details about his parents are not available, and whether he has children is unknown. Maurice did not share his precise residence due to security reasons. If we get his place and images of his home, we shall immediately update this information.
Maurice Mo Fayne Net worth, How much did he earn?
Maurice has not disclosed his net value to the media yet. He is a simple person who never loves the public by showing his wealth publicly. However, we will update you if details on his net value are disclosed in this section.
But, it seems that he has earned enough money from his career, he was undoubtedly making a sizable wage and amassing a sizable net worth. Furthermore, his career was his primary source of revenue.
Maurice Mo Fayne Wife, His Relationship, What about Children?
The love and hip hop Atlanta star Karlie Redd is married and wife to Maurice Fayne. The couple got involved last summer and have since been talking about the city. It was reportedly valued at $150K and consisted of 18-carat diamonds.
Karlie Redd and her fiance filmed the last season of Love and Hip Hop Atlanta. The reality TV star admitted her relationship with Sean Garrett, then-boyfriend, was gone and that when the show came out, they were no longer.
Maurice Mo Fayne Career
Maurice Fayne owns a trucking company, Flame Trucking, Little Rock. According to his Linkedin profile, he also runs second Cable Trucking. He made his television debut in the 8th season of the Hip-Hop reality series, Love & Hip-Hop: Atlanta in2019.
Maurice Fayne Arrest
Maurice, Atlanta’s star was charged with fraud of coronavirus relief loan. He used an emergency loan from the federal government to lease a Rolls Royce, make child support payments and purchase $85,000 worth of jewelry, authorities said Wednesday.
Maurice Fayne, who goes by Arkansas Mo on the VH1 show “Love & Hip Hop: Atlanta,” was arrested Monday on a charge of bank fraud, the Department of Justice said in a news release.
Fayne, 37, is the sole owner of transportation business Flame Trucking and in April he applied for a loan that the federal government was offering to small businesses decimated by the coronavirus pandemic, officials said. In his application, Fayne stated his business employed 107 employees with an average monthly payroll of $1,490,200, the release said.
Fayne requested a Paycheck Protection Program loan for over $3 million and received a little over $2 million, officials said.
He used more than $1.5 million of the loan to purchase jewelry, including a Rolex Presidential watch and a 5.73-carat diamond ring, the release said. Fayne also leased a 2019 Rolls Royce Wraith and paid $40,000 in child support.
When he met with investigators last week, Fayne denied spending the loan on anything besides payroll and business expenses. But on Monday, federal agents searched Fayne’s home and seized the jewelry and around $80,000 in cash, including $9,400 Fayne had in his pockets, the release said.
It’s unclear whether Fayne had an attorney who could comment on his behalf.
Where he attended his High school and University? What was his major?
Regarding his educational background, he attended The Harlem School of the Arts.
Maurice Mo Fayne Social Media Reach
Mo Fayne is an active user of Instagram. He can be found under the handle “@arkansas_mo.” He has 95.1k followers in his active Instagram profile. And also on Twitter with the username “@@arkansas_mo” with 1k followers.
Maurice Mo Fayne FAQ’s
Maurice Fayne is a trucking company owner and the fiancee of Karlie Redd. He also stars in VH1’s “Love & Hip Hop: Atlanta. Maurice appears in nine episodes of Love & Hip Hop: Atlanta in season eight.
Details about Fayne’s date of birth are not known therefore it is not known when he celebrates his birthday. He likes to keep his personal matters away from the public making it difficult to know his age, hence this information will be updated as soon as it’s available.
Maurice Fayne is the fiance of Love and Hip Hop Atlanta star Karlie Redd. The couple got engaged last summer and, since then their relationship has become the talk of the town. The engagement ring was reportedly worth $150K and it was made of 18-carat diamond.
Because of security reasons, Maurice has not shared his precise location of residence. We will immediately update this information if we get the location and images of his house.
Maurice is alive and in good health. There have been no reports of him being sick or having any health-related issues.
Maurice Mo Fayne’s Body Appearance Height, Weight
|Eye Color||Dark Brown|
Interesting facts about Maurice Mo Fayne’s which you should know
|Birthplace||Little Rock, Arkansas, United States|