Maurice Fayne, who appeared on“Love & Hip-Hop: Atlanta” as “Arkansas Mo," has been charged with taking more than $2 million in coronavirus bailout money.
The feds say Maurice used the money to buy a Rolls-Royce, a Rolex and other non-small business-related things.
He owns Flame Trucking, a Georgia-based trucking company. He applied for about $3.7 million from the first coronavirus bailout bill’s small business relief fund, the Paycheck Protection Plan and received more than $2 million.
But the Justice Department says Maurice did not use that $2 million loan to pay employees or make other PPP-approved payments.
On Monday, the feds searched Maurice’s house and seized $85,000 in jewelry, including the Rolex, and $80,000 in cash. They also found a Rolls-Royce Wraith with dealer plates still on it and seized an additional $500,000 in three of his bank accounts, saying all the purchases were made with PPP money.
Maurice also used $40,000 of his small business loan money to pay child support, the Justice Department said. He has been charged with bank fraud.
An assistant attorney general with the Justice Department said,“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.”
