Atlanta Reality Star charged with federal bank fraud for misusing PPP Funds

[King_of_Posts]

Atlanta reality star charged with using COVID-19 relief loan to buy jewelry, gifts for himself

Maurice Fayne, aka “Arkansas Mo”, 37, of Dacula, was in court Wednesday.

www.wsbtv.com

Congrats to y'all who received funds. Be careful and document EVERYTHING! The feds are watching.

 

[Flawless]

Whats wrong with that nigga, he think he white?

 

[King_of_Posts]

Whats wrong with that nigga, he think he white?

Right. If you are black and received 6 figures or more, you better document everything. This administration already said they would be looking at a lot of those loans in the coming weeks and months.

 

[black again]

Jewelry?

Come on son

 

[Flawless]

Right. If you are black and received 6 figures or more, you better document everything. This administration already said they would be looking at a lot of those loans in the coming weeks and months.

Even though minority business owners receieved the least out of the bailout money they found the one black guy who did.

 

[Dr. Truth]

Niggas an idiot . Buying jewelry like a bitch.

 

[King_of_Posts]

Even though minority business owners receieved the least out of the bailout money they found the one black guy who did.

Shit like this will have some focusing more on minority business owners even though, we all know many white companies tried to (and did) game the system.

 

[durham]

Damn he got a LOAN for 3 Million?

 

[PaYpA]

I’m trying to see how did he even qualify for that amount .... What type of credit or assets do you need to have to get a loan over 2 mil ....

 

[BrownTurd]

Atlanta reality star charged with using COVID-19 relief loan to buy jewelry, gifts for himself

Maurice Fayne, aka “Arkansas Mo”, 37, of Dacula, was in court Wednesday.

www.wsbtv.com

Congrats to y'all who received funds. Be careful and document EVERYTHING! The feds are watching.

I don’t see how this is a crime if he legitimately qualified for the money.

Being irresponsible is not a crime.

 

[King_of_Posts]

Damn he got a LOAN for 3 Million?

Those PPP loans vary WIDELY. Surprised the hell out of me also. His trucking company must be a decent size. He fucked up though.

 

[thismybgolname]

I don’t see how this is a crime if he legitimately qualified for the money.

Being irresponsible is not a crime.

“Within days, Fayne allegedly used more than $1.5 million of the PPP loan proceeds to purchase $85,000 in jewelry, including a Rolex Presidential watch, a diamond bracelet, a 5.73 carat diamond ring for himself, and to pay $40,000 for child support,” Prosecutors said. “Such payments are not an authorized use of PPP funds under the CARES Act.”

 

[mailboxpimp]

dumb ass niggaahz & niggaah coins

 

[TENT]

I hate to say "no sympathy" but this dude bought all top of the line shit.
He bought a Rolls Royce Wraith and has a trucking company.

He has no business buying that kinda stuff as a sole proprietor.
Even if his business is super successful, if he wants to keep his business going, he needs his employees.
Is he paying his employees? People have businesses but they really aren't trying to build a business.

Now he just fucked it up for everyone else applying.

 

[TENT]

Those are details I could love to know too. How was his trucking business really doing?
PPP has nothing to do with credit.

I’m trying to see how did he even qualify for that amount .... What type of credit or assets do you need to have to get a loan over 2 mil ....

 

[Deezz]

Damn he got a LOAN for 3 Million?

I was a little over 2MIL, but still!!!! He applied for almost 4MIL. He planned on filing bankruptcy on that loan.

Dumbass out buying jewelry So many people are getting caught up on federal charges lying about these PPP loans.

 

[BrownTurd]

“Within days, Fayne allegedly used more than $1.5 million of the PPP loan proceeds to purchase $85,000 in jewelry, including a Rolex Presidential watch, a diamond bracelet, a 5.73 carat diamond ring for himself, and to pay $40,000 for child support,” Prosecutors said. “Such payments are not an authorized use of PPP funds under the CARES Act.”

Mismanagement of money is not a crime. It’s a loan that was to be repaid. If anything, just ask for the money back.

 

[TENT]

Naw son. They told you what the money was for. They also told you they gonna check to make sure.
Many people won't get arrested but will have their loans but unforgivable. Meaning they gonna have to pay the shit back.
The government is gonna have the time to make sure you are doing the right shit or the wrong shit.
Then fuck you over.

I don’t see how this is a crime if he legitimately qualified for the money.

Being irresponsible is not a crime.

 

[TENT]

Well his ass is in jail. He look like he built for it though. No stranger to crime. Might even have felonies. When they check on that and charge him for lying on the applications about them felonies.

I was a little over 2MIL, but still!!!! He applied for almost 4MIL. He planned on filing bankruptcy on that loan.

Dumbass out buying jewelry So many people are getting caught up on federal charges lying about these PPP loans.

 

[BrownTurd]

Those are details I could love to know too. How was his trucking business really doing?
PPP has nothing to do with credit.

If he legitimately got approved then Crackas bring grimy like they always are

 

[BDR]

I’m dying at the article and immediately after it’s a pick of Jordan laughing

 

[g0nbad real bad]

The urge to ball was too strong. The fool could have left the money in the bank made some interest and gave it back. Dumb ass.

 

[TENT]

Are you ignorant? It is a crime. Did you read the article? Everyone knows that shit is a crime. That is why smart people aint buying a Rolls Royce Wraith with money that is supposed to go to employees. It is the Paycheck Protection Program.

Mismanagement of money is not a crime. It’s a loan that was to be repaid. If anything, just ask for the money back.

 

[BrownTurd]

Naw son. They told you what the money was for. They also told you they gonna check to make sure.
Many people won't get arrested but will have their loans but unforgivable. Meaning they gonna have to pay the shit back.
The government is gonna have the time to make sure you are doing the right shit or the wrong shit.
Then fuck you over.

CAC misuse stimulus/bailout money improperly all the time and they ain’t getting arrested

 

[mcguyver]

The banks stole a hell of a lot more.

 

[junyloko]

The urge to ball was too strong. The fool could have left the money in the bank made some interest and gave it back. Dumb ass.

You have a POINT there !

 

[BrownTurd]

Are you ignorant? It is a crime. Did you read the article? Everyone knows that shit is a crime. That is why smart people aint buying a Rolls Royce Wraith with money that is supposed to go to employees. It is the Paycheck Protection Program.

A crime would be falsifying documents. If you misused funds then it is just irresponsible

 

[REDLINE]

I don’t see how this is a crime if he legitimately qualified for the money.

Being irresponsible is not a crime.

A crime would be falsifying documents. If you misused funds then it is just irresponsible

 

[BrownTurd]

Man CACs get billions in stimulus/bailout money, cash the check then proceed to layoff have their staff and pocket the rest. They are never arrested

 

[Amajorfucup]

Atlanta niggas...

 

[HellBoy]

They sure were watching him close. Wonder if that Texas hairdresser is being watched.

 

[TENT]

Well then you opinions aint helping that nigga sitting in jail.
He aint even save any money for bail.

A crime would be falsifying documents. If you misused funds then it is just irresponsible

 

[TENT]

I think anyone buying a Rolls Royce gets a call in from the Federal Government.

He played himself doing that. He got 2 million and spend 1.5 million in less than a month.

All during a pandemic! Where he going with all that shit?

They sure were watching him close. Wonder if that Texas hairdresser is being watched.

 

[BDR]

He was better off sitting on that money or getting a line of credit from the bank for about 2 mill... file bankruptcy on that 2 mill and sit on the 3 mill until the gov ask for it back lol

 

[BDR]

I think anyone buying a Rolls Royce gets a call in from the Federal Government.

Well if you paying all cash then yes... better to take a loan out on it and then pay it off when the first bill or 2 comes

 

[TENT]

What you think happened bro?
He got locked up quick.

Well if you paying all cash then yes... better to take a loan out on it and then pay it off when the first bill or 2 comes