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<h2 class="has-text-color has-normal-font-size wp-block-heading" style="color:#3e3535"><strong>Mo Fayne, 38, has been sentenced to 17.5 years in prison and must pay $4,465,865.55 in restitution for his role in a federal bank fraud </strong></h2>



<h2 class="has-text-color has-normal-font-size wp-block-heading" style="color:#3e3535"><strong>He pleaded guilty to six counts, including bank and wire fraud, after funding an expensive lifestyle during the pandemic with money from the PPP </strong></h2>



<h2 class="has-text-color has-normal-font-size wp-block-heading" style="color:#3e3535"><strong>He submitted a fraud $3.7million PPP loan application falsely claiming his trucking business had 107 employees and a monthly payroll of $1,490,000 </strong></h2>



<h2 class="has-text-color has-normal-font-size wp-block-heading" style="color:#3e3535"><strong>The reality Star used the money to buy $85,000 worth of jewelry; a $136,000 Rolls-Royce; $40,000 in past-due child support; and $90,000 to start a new business</strong></h2>



<figure class="wp-block-image size-full is-resized"><img src="https://konniemoments.com/wp-content/uploads/2021/09/Mo-Fayne-1.png" alt="" class="wp-image-389727" width="833" height="1025"/><figcaption><strong>Reality TV star and rapper Mo Fayne [photo] has been sentenced to 17.5 years in prison and must pay $4,465,865.55 in restitution for his role in a federal bank fraud after funding an over-the-top lifestyle during the pandemic with money from the Paycheck Protection Program (PPP)</strong></figcaption></figure>



<p class="wp-block-paragraph">A reality TV star is to pay a heavy price for defrauding the financial assistance program set up by the U.S. government to help businesses stay afloat during the pangamic.<br>Love &; Hip Hop: Atlanta star and rapper Mo Fayne Wednesday was sentenced to 17.5 years in prison, additionally he must pay $4,465,866 in restitution for his role in a federal bank fraud. <br>Fayne, 38, pled guilty to six counts, including bank and wire fraud, after funding an over-the-top lifestyle during the pandemic with money from the Paycheck Protection Program [PPP]. <br>The money was meant to help small businesses and employees gravely impacted by Covid-19 the keep their workers and maintain payroll. <br>Fayne submitted a fraud $3.7million PPP loan application falsely claiming his trucking business &#8211; Flame Truckinig &#8211; had 107 employees and an average monthly payroll of $1,490,000, </p>



<figure class="wp-block-image size-full is-resized"><img src="https://konniemoments.com/wp-content/uploads/2021/09/Mo-Fayne-4.png" alt="" class="wp-image-389735" width="840" height="630"/><figcaption><strong>He used the money he received from a fraud PPP application to buy to finance his A-list lifestyle, including $85,000 worth of jewelry; a $136,000 Rolls-Royce; $40,000 in past-due child support; and $90,000 to start a new business in Atlanta</strong></figcaption></figure>



<p class="wp-block-paragraph">Fayne cut a plea deal with prosecutors who agreed to drop 14 other charges and recommended he spend 151 months behind bars. On Wednesday a judge ruled 210 months in prison instead.<br>If he didn&#8217;t cut the plea deal the reality star faced a 30-year sentence for making the false statement to a federally-insured financial institution and money laundering, in addition to wire fraud in connection with a Ponzi scheme.<br>Fayne first made headlines when he was arrested back in May 2020 for the crime. He was indicted in Georgia by a federal grand jury a month later. <br>Authorities said that Fayne&#8217;s Ponzi scheme involved him posing as the owner of Flame Trucking, a profitable trucking company, from August 2014 through May 2020.<br>The business, however, never actually made enough money to cover its expenses, according to the US Attorney&#8217;s Office.</p>



<figure class="wp-block-image is-resized"><img src="https://konniemoments.com/wp-content/uploads/2021/09/Mo-Fayne-2.png" alt="This image has an empty alt attribute; its file name is Mo-Fayne-2.png" width="837" height="537"/><figcaption><strong>He used the money to buy $85,000 worth of jewelry; a $136,000 Rolls-Royce; $40,000 in past-due child support; and $90,000 to start a new business in Atlanta, according to <a rel="noreferrer noopener" target="_blank" href="https://www.tmz.com/2021/09/15/love-and-hip-hop-star-mo-fayne-210-months-prison-ppp-loan-fraud-case/">TMZ</a>.</strong></figcaption></figure>



<p class="wp-block-paragraph">During that time, Fayne supposedly managed to get 20 people to invest over $5million in the company, promising to use the money to purchase and operate his trucks. <br>Instead, authorities said, he used the money to &#8216;pay his personal debts and expenses, and to fund an extravagant lifestyle for himself&#8217;. <br>Fayne allegedly transferred more than $5million to a casino to cover his personal gambling and entertainment expenses among tens of thousands of dollars in cash withdrawals, custom-made jewelry and child support. <br>He also allegedly used $50,000 for restitution owed in a previous fraud case, $230,000 to associates who helped him run a Ponzi scheme and $907,000 to help an associate start a new business. <br>It&#8217;s unclear if the associates paid for the Ponzi scheme were also involved in the alleged Flame Trucking scheme.</p>



<figure class="wp-block-image size-full is-resized"><img src="https://konniemoments.com/wp-content/uploads/2021/09/Mo-Fayne-3.png" alt="" class="wp-image-389731" width="841" height="846"/><figcaption><strong>The money was meant to help small businesses and employees gravely impacted by Covid-19 keep their workers and maintain payroll. Instead, authorities said, he used the money to &#8216;pay his personal debts and expenses, including gambling debts, and to fund an extravagant lifestyle for himself&#8217;</strong></figcaption></figure>



<p class="wp-block-paragraph">Fayne&#8217;s loan spending apparently raised red flags at United Community Bank, due to the way he &#8216;allegedly structured those financial transactions to conceal and disguise the nature, location, source, ownership, and control of the proceeds&#8217;.<br>When the bank asked for more information about Flame Trucking’s finances, Fayne allegedly sent October, November and December 2019 bank statements for Flame Trucking’s account at Arvest Bank. <br>But authorities said Arvest Bank had closed Flame Trucking&#8217;s account<br>Later when interviewed by federal agents Fayne claimed that he used the PPP loan to pay for the trucking company&#8217;s payroll and other business expenses, denying that he&#8217;d used them for personal expenses. During the investigation, federal agents seized what they believed to be the proceeds of Fayne&#8217;s PPP bank fraud scheme.</p>



<figure class="wp-block-image size-full is-resized"><img src="https://konniemoments.com/wp-content/uploads/2021/09/Mo-Fayne-left-wih-Karla-Redd-1.png" alt="" class="wp-image-389729" width="943" height="988"/><figcaption><strong>Mo Fayne {Photo] with Karlie Redd &#8211; aka Arkansas Mo &#8211; appeared in eight episodes of Love &; Hip Hop: Atlanta, while he was star Karlie Redd&#8217;s fiancé. They appear to have split up since then</strong></figcaption></figure>



<p class="wp-block-paragraph"><br>The officers according to<a href="https://www.tmz.com/2021/09/15/love-and-hip-hop-star-mo-fayne-210-months-prison-ppp-loan-fraud-case/"> TMZ</a>, seized a $3,750 diamond ring, a $24,500 diamond bracelet and a $52,000 Rolex watch. They also seized money from him, including $617,000 from seven bank accounts; the $136,000 Rolls-Royce down payment and $79,482 in cash from his home, according to <br>From Flame Trucking, they seized eight Kenworth T-680 trucks and six Great Dane refrigerated trailers. <br>Fayne, aka Arkansas Mo &#8211; appeared in eight episodes of Love &; Hip Hop: Atlanta, while he was star Karlie Redd&#8217;s fiancé. They appear to have split up since then. </p>



<p class="wp-block-paragraph"></p>

Love & Hip Hop Atlanta star, Mo Fayne, is sentenced 17.5 years in prison, after using a $3.7M PPP loan to finance A-List life style including buy $85,000 worth of jewelry, a $136,000 Rolls-Royce and $40,000 in past-due child support
