Rapper, Reality TV star sentenced to 17 years in prison for PPP loan fraud
An Atlanta-based rapper and reality television star has been sentenced to more than 17 years in prison for his involvement in a Paycheck Protection Program (PPP) loan fraud scheme.
Maurice Fayne, 38, was sentenced by U.S. District Judge Mark H. Cohen on charges of bank fraud and making false statements to a financial institution in what the Department of Justice (DOJ) described as a Ponzi scheme in a statement on Wednesday.
Fayne, who is known under his rap alias “Mo Fayne,” starred in VH1’s hit reality television show “Love & Hip Hop: Atlanta.”
According to court documents, Fayne ran a multi-state scheme from 2013 to 2020 that defrauded more than 20 people who invested in his trucking business, using the money to pay off personal debts, expenses, and spending more…