loaded arkansas love and hip hop star mo

Love and hip-hop Atlanta has been a popular staple on VH1 for many years. However, in its nine seasons, a few of the cast on the reality show have been involved in one controversy or another. The Grammy-nominated rapper and star of the series last year Rémy Ma was arrested for allegedly hitting another actor. Now old Love and hip-hop Atlanta Star Maurice “Mo” Fayne – whose rapper name is Arkansas Mo – has been arrested and charged with allegedly taking out a pandemic-related loan and using it to buy jewelry, among other things.

United States Department of Justice officially indicted Maurice Fayne with federal bank fraud. The rapper is said to have acquired a $ 2 million paycheck protection program (PPP) loan from Georgian firm Flame Trucking. Fayne allegedly claimed the money was for payroll. According to the authorities (via THR), Fayne would have spent most of the loan on himself. $ 1.5 million of federal funds were reportedly spent on several pieces of jewelry, including a 5.73-carat diamond ring and a Rolex presidential watch for himself. Fayne also reportedly spent $ 40,000 on child support.

Maurice Fayne appeared in court on Wednesday May 13 and initially denied the allegations made against him. When federal agents raided his home, they allegedly seized approximately $ 80,000 in cash, of which the $ 9,400 was found in Fayne’s own pockets, jewelry, a 2019 Rolls-Royce. In addition, approximately $ 503,000 money from the PPP loan was also reportedly seized.

The PPP is a government relief program put in place to help employees and small businesses that have been financially affected by the recent health crisis. Read the statement made by Deputy Attorney General Brian A. Benczkowski below:

The accused allegedly stole money intended to help hard-hit employees and businesses during these difficult times, and instead greedily used the money to finance his lavish purchases of jewelry and other personal items. The department will remain steadfast in its efforts to root out and prosecute fraud against the Paycheck Protection Program.

Maurice Fayne appeared in nine episodes of Love and hip-hop Atlanta in season 8. Much of the season was devoted to the ups and downs of his relationship with his then-wife Karlie Redd. Season 8 documented their ongoing struggles, which included counseling sessions. However, their relationship worsened when Karlie found out that Fayne was having a child with another woman. She then alleged that Fayne was controlling and abusive, and the couple have since broken up. Fayne did not appear in Season 9 of the reality show.

Stay tuned to CinemaBlend for updates. The midseason finale of season 9 of Love and hip-hop Atlanta aired on May 11 and VH1 postponed all future episodes indefinitely due to Hollywood-wide production shutdowns.