United States Department of Justice on May 13 accuses the reality star, Love & Hip Hop: Atlanta star Mo Fayne, real name Maurice Fayne, of obtaining a small business credit designated for COVID-19 relief.
Instead of using the investment for its expected purpose, the feds claim that Mo Fayne used the Paycheck Protection Program loan money to buy jewelry and pay off personal debts.
According to the report, Mo Fayne presented a PPP loan request for a company named Flame Trucking back in April, declaring 107 employees and a $1.5 million average monthly salary.
Within days of being approved for just over $2 million, Fayne is accused of using more than $1.5 million of it on a Rolex Presidential watch, a diamond bracelet, a diamond ring, a 2019 Rolls-Royce Wraith and $40,000 in back child support, among other things.
