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‘Love & Hip Hop’ Star Will get 17 Years In Jail In Fraud Case

Rapper and former Love & Hip Hop: Atlanta star Mo Fayne has been sentenced to 17.5 years in jail after his involvement in a PPP mortgage fraud scheme.

TMZ reports that authorized paperwork reveal Fayne obtained the sentence after pleading responsible to 6 counts, together with financial institution and wire fraud.

Prosecutors alleged Fayne loved a lavish life-style throughout the pandemic by taking cash from the Paycheck Safety Program. The funds from this system have been supposed to assist staff and small companies hit arduous by COVID.

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Fayne had reduce a plea take care of prosecutors, who agreed to drop 14 different prices and advisable he get the 151-month sentence as an alternative.

In accordance with TMZ, the Division of Justice says Fayne submitted a $3.7 million PPP load software falsely claiming his trucking enterprise had 107 staff and a median month-to-month payroll of $1,490,200.

As a substitute of utilizing the PPP mortgage funds to retain staff and keep payroll, he used it for improper functions, together with past-due baby assist, jewellery, a Rolls Royce and to begin a brand new enterprise in Arkansas.

Along with jail time, Fayne will likely be required to bear 5 years of supervised launch and pay again $4,465,865.55 in restitution.

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