Posted: 5/14/2020 5:36:39 AM EDT
|
Link An Atlanta reality TV star has been arrested on federal bank fraud charges. "Love & Hip Hop: Atlanta" star Maurice Fayne has been charged in connection to a Paycheck Protection Program loan he obtained in the name of Flame Trucking, the U.S. Attorney’s Office in Atlanta announced Wednesday. U.S. Attorney Byung J. “BJay” Pak said Fayne, who is the sole owner of Flame Trucking in Georgia, applied for a PPP loan through United Community Bank back in April asking for more than $3.7 million. The 37-year-old, who also goes by Arkansas Mo, ended up receiving a little more than $2 million and prosecutors said he ended up using the money for personal items. ..... Pak said more than $1.5 million of the loan proceeds went towards the purchase of $85,000 in jewelry, including a Rolex Presidential watch, a diamond bracelet, and a 5.73-carat diamond ring for himself, to lease a 2019 Rolls Royce Wraith, to make loan payments, and to pay $40,000 for child support. |
|
Originally Posted By Dan_Cooper: Shocking. Apparently when the government passes out $2.7T they aren't too careful about who they give it to. Shit, I wish. My company still hasn't received any PPP. It is literally infuriating working with Chase. Loan applied for April 7th. |
|
Originally Posted By Extorris: Now think of how many got bogus loans like him but weren't so blatant about it. Originally Posted By Extorris: Originally Posted By Hangtime: He went big! Now think of how many got bogus loans like him but weren't so blatant about it. And then think about how many small businesses that have closed, or are near closing, because they were shutdown and couldn’t get any financial help. |
