(By Shaddi Abusaid, AJC) A “Love & Hip Hop: Atlanta” star accused of spending his government business loan on personal expenses now faces additional charges after federal investigators said he ran a Ponzi scheme for years.
Maurice Fayne, who goes by the name Arkansas Mo on the hit VH1 show, came under investigation earlier this year after borrowing more than $2 million from the Paycheck Protection Program designed to keep struggling businesses afloat amid the COVID-19 pandemic.
Authorities said he borrowed the money for his transportation business, Flame Trucking, after telling the bank he had 107 employees and a monthly payroll of nearly $1.5 million.
He was charged with fraud last month after authorities learned he spent the emergency loan on custom jewelry, a down payment on a Rolls Royce and $40,000 in past-due child support, AJC.com previously reported.
