Maurice Fayne Archives - Baller Alert https://balleralert.com Entertainment & Lifestyle Mon, 15 Jun 2020 21:09:19 +0000 en hourly 1 https://wordpress.org/?v=7.0.2 https://balleralert.com/wp-content/uploads/2020/09/cropped-ba-logo-small-32x32.jpg Maurice Fayne Archives - Baller Alert https://balleralert.com 32 32 Karlie Redd Quietly Gets Divorce After Husband Accused Of Using Coronavirus Loan on a Car, Jewelry and Child Support Payments https://balleralert.com/karlie-redd-quietly-gets-divorce-after-husband-accused-of-using-coronavirus-loan/ https://balleralert.com/karlie-redd-quietly-gets-divorce-after-husband-accused-of-using-coronavirus-loan/#respond Mon, 15 Jun 2020 21:09:19 +0000 https://balleralert.com/?p=136699 Another one bites the dust! Love and Hip-Hop: Atlanta star Karlie Redd has officially pulled the plug on her marriage to alleged scammer, Maurice Fayne, also known as “Arkansas Mo.” […]

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Another one bites the dust!

Love and Hip-Hop: Atlanta star Karlie Redd has officially pulled the plug on her marriage to alleged scammer, Maurice Fayne, also known as “Arkansas Mo.”

According to Bossip, Redd called it quits last month after her husband was arrested for scamming the government out of more than $2 million in coronavirus stimulus money.

One week later, Redd was granted her divorce.

In docs obtained by the publication, Redd claimed the two had been living separately and that their marriage was “irretrievably broken” with no chance of reconciliation.

News of the filing comes just one month days after Fayne was arrested by the feds for allegedly misappropriating funds allocated for small businesses. However, according to Bossip, the reality star reportedly filed two days after Fayne’s arrest.

“The defendant allegedly stole money meant to assist hard-hit employees and businesses during these difficult times and instead greedily used the money to bankroll his lavish purchases of jewelry and other personal items,” Assistant Attorney General Brian A. Benczkowski said in a press release, at the time.

Not only did Fayne reportedly buy a Rolex, diamond bracelet, and diamond ring, he also reportedly spent $40,000 of the Paycheck Protection loan funds on child support.

After a search and seizure on his home, officials found $80,000 in cash, including $9,400 that was found in his pockets. Officials also discovered a 2019 Rolls-Royce Wraith purchased with the funds, in addition to the remaining $503,000 in three different accounts under Fayne’s name.

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Maurice Fayne From ‘Love & Hip Hop: Atlanta’ Charged With Fraud For Acquiring $2.2 Million Pandemic Assistance Loan https://balleralert.com/maurice-fayne-from-love-hip-hop-atlanta-charged-with-fraud-for-acquiring-2-2-million-pandemic-assistance-loan/ https://balleralert.com/maurice-fayne-from-love-hip-hop-atlanta-charged-with-fraud-for-acquiring-2-2-million-pandemic-assistance-loan/#respond Wed, 13 May 2020 23:44:48 +0000 https://balleralert.com/?p=134376 Former Love & Hip Hop: Atlanta star Maurice Fayne also known as Arkansas Mo, is in trouble for obtaining $2.2 million PPP Pandemic loan. According to The Hollywood Reporter, Fayne […]

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Maurice Fayne From ‘Love & Hip Hop: Atlanta’ Charged With Fraud For Acquiring $2.2 Million Pandemic Assistance Loan

Former Love & Hip Hop: Atlanta star Maurice Fayne also known as Arkansas Mo, is in trouble for obtaining $2.2 million PPP Pandemic loan.

According to The Hollywood Reporter, Fayne is being charged with federal bank fraud by the U.S. Department of Justice.

Per the outlet, Fayne acquired a Paycheck Protection Program (PPP) loan under a trucking company alias.

However, Fayne used the fund to purchase things for himself.

Fayne, 37, used the name ‘Flame Trucking’ to obtain the PPP loan from a Corporation in Georgia.

However, after getting a hold of the money, he blew $1.5 million on jewelry such as a Rolex Presidential Watch, a diamond bracelet, and a 5.73-carat diamond ring all for himself, the news source reports. He also spent $40,000 in child support.

Fayne is in trouble because the PPP program is allotted for employees and small businesses hit hard due to the coronavirus pandemic.

“The defendant allegedly stole money meant to assist hard-hit employees and businesses during these difficult times and instead greedily used the money to bankroll his lavish purchases of jewelry and other personal items,” Assistant Attorney General Brian A. Benczkowski said in an official press release. “The department will remain steadfast in our efforts to root out and prosecute frauds against the Paycheck Protection Program.”

Fayne, who made his initial court appearance on Wednesday, has denied all allegations when interviewed by federal agents.

However, after a home-search, authorities seized about $80,000 in cash, which included $9,400 found in his pockets.

Authorities also found the jewelry Fayne purchased with his PPP fund, the United States Department of Justice (DOJ) reports.

Not only did authorities find money and jewels, but they also came across a 2019 Rolls-Royce Wraith, which upon further investigation they discovered still had a temporary dealer tag on it.

Finally, authorities reportedly came across approximately $503,000 in remaining PPP loan funds from three different bank accounts, Fayne “owned or controlled.”

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