‘Love & Hip Hop: Atlanta’s Arkansas Mo Charged With Bank Fraud For Misusing COVID-19 Loan Funds, Feds Say
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deadline.comBy Denise Petski Senior Managing Editor Love & Hip Hop: Atlanta‘s Maurice Fayne (aka Arkansas Mo) has been arrested and charged with federal bank fraud after using millions of dollars from a COVID-19 emergency loan on jewelry, the Department of Justice said in a news release Wednesday.
Fayne submitted a PPP (Paycheck Protection Program) loan application for his company, Flame Trucking, on April 15 and certified that the loan proceeds would be used to “retain workers and maintain payroll or make mortgage interest payments, lease payments, and utility payments, as specified under the Paycheck Protection Program Rule,” according to an affidavit for the criminal complaint.
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