Rapper Maurice “Mo” Fayne was sentenced Wednesday to 17 years in prison for crimes including the misuse of millions of dollars in Paycheck Protection Program (PPP) loans.
Fayne, who appeared as Arkansas Mo on a season of VH1 reality show Love & Hip-Hop: Atlanta, must also pay $4,465,866 in restitution for his role in a federal bank fraud that saw him squander his ill-gotten gains on a lavish lifestyle.
The loan funding was supposed to be used to retain workers and maintain payroll or make mortgage interest payments, lease payments, and utility payments, as specified under the PPP rules.
Fayne, who lives in Dacula, Ga., was arrested in May 2020 on charges of making false statements on his application for the PPP funding as well as bank fraud and conspiracy and wire fraud related to a Ponzi scheme, as Breitbart News reported.
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