According to reports, Mo Fayne of Love & Hip-Hop: Atlanta fame received a 17-year prison sentence for his role in a PPP loan fraud case.
Court docs show Fayne pleaded guilty to 6 counts, including bank and wire fraud. Fayne copped a plea to get 14 counts dropped and be recommended for a lighter sentence. Despite the deal Fayne struck with the prosecution, the judge tacked five years onto what was supposed to be around a 12-year sentence.
Per TMZ, "Fayne submitted a $3.7 million PPP loan application, falsely claiming his trucking business had 107 employees and an average monthly payroll of $1,490,200." Fayne lied about using the money to help pay employees and instead found improper uses for the funds, including $40k for past-due child support, $85k for jewelry, $136k for a Rolls-Royce, and $907k to start a new business in Arkansas.
Source: youtube.com
