Maurice Mo Fayne: American rapper sentenced to 17 years in prison over Multi-million dollars fraud; pleads guilty to misusing PPP loans

There are many famous people who have had to serve time in jail at some point in their life, including American rapper Maurice Mo Fayne. A guilty plea to abusing Paycheck Protection Program loans resulted in a 17-and-a-half-year sentence.

After being arrested for bank fraud and wire fraud connected to a prominent Ponzi scheme in May 2020, the 38-year-old rapper Maurice Mo Fayne was charged with making false claims on his application for a loan through the Paycheck Protection Program (PPP).

Six charges of bank and wire fraud were brought against him after he lived a lavish lifestyle with money from PPP amid an epidemic.

PPP loan application for $3.7 million (GHc22.148.689.50) was submitted by Mo Fayne with fraudulent claims of 107 workers and $1.49 million in monthly salary, according to Yahoo.com.

$85k (GHc508,725) worth of jewellery, a $136,000 (GHc813,960) Rolls-Royce, and $40,000 in past-due child support, as well as $90k (GHc538,650) to start a new business, were some of the purchases Fayne made with the money.

On the season finale of the hit show Love & Hip Hop: Atlanta in 2018, Mo Fayne came to fame.

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The show examines the lives of Atlanta hip-hop stars as they try to balance their careers and personal lives.

This is the latest in a long line of American superstars who have had to serve time in prison throughout their careers.

Love & Hip Hop franchise (2019)

Known popularly as Arkansas Mo Maurice Fayne, the rapper is a trucking company owner and the fiancé of Karlie Redd.

He appears in nine episodes of Love & Hip Hop: Atlanta in season eight, which chronicles his relationship struggles with Karlie, including the revelation that he has a child with another woman, and later, Karlie alleging that Mo is controlling and abusive.

Source: unitedshowbiz.com.gh