Source: Paras Griffin / Getty
Love Hip-Hop: Atlanta star Arkansas Mo has been arrested after the feds accuse him of using the government business loan to pay employees, on himself.
According to the press release sent out by the Department of Justice, Arkansas Mo, whose real name is Maurice Fayne, was approved for the federal Payment Protection Program (PPP) for his trucking company, Flame Trucking on April 15, after stating that the business had 107 employees and an average monthly payroll of $1,490,200, according to an affidavit for the criminal complaint.
The PPP loan program from the federal government aims to help small businesses and their workers survive during the Covid-19 pandemic.
The loans are for businesses with 500 or fewer employees to pay workers’ salaries, rent, and utility costs.
Last week during an interview with federal agents, Fayne denied using the PPP loan to fund his lifestyle but instead claims he used the PPP loan to “pay payroll and other business expenses” of the company, and documents also state that “Fayne expressly denied that he used any of the PPP loan proceeds to pay his personal debts,” before admitting to “kinda, sorta” using the loan to buy jewelry and to lease the Rolls Royce.
