Karlie's ex Mo Fayne behind the bars due to bank fraud charges
The pandemic has made a huge number of individuals lose their positions and salary, so governments worldwide have actualized strategies to support people, particularly entrepreneurs, during this troublesome time. Love and Hip Hop Atlanta star Mo Fayne, who picked up prevalence while dating Karlie Redd, has purportedly been captured on charges of government bank misrepresentation after he supposedly utilized a $2 million advance to buy rich presents for himself.
As indicated by a report made by TMZ, Mo Fayne took out an independent company Paycheck Protection advance that was set up as assets for COVID-19 help. Fayne had the option to get $2 million for his organization Flame Trucking, however, specialists apparently express that as opposed to utilizing the wad of cash to keep his business above water, he made various costly buys.
The unscripted tv star allegedly took care of a couple of obligations, paid $40K toward his youngster support, and got himself $85K worth of gems including "a Rolex Presidential watch, a precious stone armband, and a 5.73-carat jewel ring." Things didn't end there; when government specialists plunked down with Fayne and examined him regarding the money, he admitted to "kinda, sorta, not so much" spending a segment of the cash on getting himself a 2019 Rolls-Royce.
When Fayne applied for the advance a month ago, he said that his organization had 107 workers and that their regularly scheduled finance was around $1.5 million. At the point when he was captured, officials "found a sack with about $70,000 in real money and another $9,400 stuffed in his pockets."
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