"Love & Hip-Hop" star Mo Fayne gets 17 years in prison for PPP loan fraud

[Amerikan Melanin]

You can't leave the country when you owe child support in arrears for the most part. They take your passport.

Good point. Then he should have paid child support off got his passport renewed and dipped he had the time.

Or charter a boat to Cuba.

 

[Wiseborn]

According to the Dept. of Justice ... 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.

The feds say Fayne promised to use the PPP loan to retain workers and maintain payroll but instead used it for improper purposes ... including $40k for past-due child support, $85k for for jewelry, $136k for a Rolls-Royce, and $907k to start a new business in Arkansas.

After he's released from prison ... Fayne will be on 5 years of supervised release. He also has to pay a huge restitution bill ... a whopping $4,465,865.55.

He's done done, he has to do 85% of that time give back all that he stole and pay 4,5 million!!! They're gonna be taxing his Fast Food fry cook check for the rest of his life. Death and Taxes, the government always collects.

All that for clout.

 

[Wiseborn]

I don't know who this dude is, but he has to serve @ least 80% of that time, right? That's 14 years, if he don't get into trouble, right?

It's 65% breh. That being said they could calculate that from the time he was arrested but that only shaves a year or two off the sentence

 

[Weaver31]

I remember that dude somewhat....he one of Karlie Red's dudes. She gets a new dude every season. I remember she was scared of him and he gave her curfews and shyt.

17 years a long ass time for that tho.

 

[ABlackMan]

yeah let me just play this 4

 

[Commish]

It's 65% breh. That being said they could calculate that from the time he was arrested but that only shaves a year or two off the sentence

I heard 80%, but assuming you are right, he would have to serve at least 136.5 months of his sentence which is a lil over 11 years and some change plus pay restitution according to what was shared in this thread by another poster.

 

[hatealot]

It's 65% breh. That being said they could calculate that from the time he was arrested but that only shaves a year or two off the sentence

Not true breh. It's 85 in the feds.

15% percent reduction for good time

 

[Luke Cage]

17 years is excessive for a non violent crime. thats just costing tax payers more money on top of the money he took from tax payers.

 

[HiphopRelated]

According to the Dept. of Justice ... 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.

The feds say Fayne promised to use the PPP loan to retain workers and maintain payroll but instead used it for improper purposes ... including $40k for past-due child support, $85k for for jewelry, $136k for a Rolls-Royce, and $907k to start a new business in Arkansas.

After he's released from prison ... Fayne will be on 5 years of supervised release. He also has to pay a huge restitution bill ... a whopping $4,465,865.55.

 

[ORDER_66]

17 years is excessive for a non violent crime. thats just costing tax payers more money on top of the money he took from tax payers.

I mean true, but dont the govt get money for housing criminals?!? like the private prison industry gets???

 

[ExodusNirvana]

That's coming for a lot of these dumb little nikkas who tried this shyt over the past year and change

 

[ZEupTWN]

And speaking as someone who works for a bank and had a hand in processing those PPP loans. The Feds are definitely requesting information on everyone we gave those loans to

Its crazy cause I was just talking to my homie whose in financing about the amount of luxury cars and gadget whips on the road we've seen the last year.....It def more to it but its no coincidence...

 

[Wild self]

"Da gubbaments been takin from us all these years. We just gettin our reparations!"


Nah, ya dumb ass goin to prison smh

And couldnt invest in ANYTHING that can pass down to his kids SMH. No assets, no property, no legit businesses.

 

[Wild self]

Be in jail until 2038 brehs

That's damn nesr the Batman Beyond timeline

 

[Luck]

We all know the game is fukked up when it comes to being prosecuted so nikkas that played the game knowing the rules and potential consequences while using all of their government information deserve no sympathy.

A straight up honey trap for morons. Like I said before, no nikka has a problem with anyone scamming the govt out of money but there’s stupid ways of doing that, this being the dumbest…