'Love & Hip Hop: Atlanta' Star Charged With Fraud After Obtaining $2M PPP Pandemic Loan

Automatic TRANSCRIPT

This from Atlanta a love and hip hop Atlanta cast member has been arrested on Federal Bank fraud charges in connection with a loan he obtained in the Corona Virus Pandemic. That was supposed to help his employees. Maurice Fain Aka Arkansas Mo- thirty seven Arkansas Mo was in court on Wednesday prosecutors. Say he stole. Money loaned through a paycheck protection program. That's P P P that was Mitt to assist hard hit employees and businesses used to buy and he used it to buy jewelry and other personal items. This students were in a global pandemic by jewelry quote. The defendant allegedly took advantage of the emergency lending provisions of the paycheck protection programme that were intended to assist employees and small businesses batter by the Corona Virus K. Said US attorney young pock of the northern district of Georgia. We will investigate charge. Anyone who inappropriately diverts these critical funds for their own personal gain now fain is the sole owner of Georgia Corporation called flame trucking. Now documents said he apply for loan for three point seven. Four million dollars that he said will be used to retain workers and maintain payroll and make mortgage and utility payments. The bank gave him alone for more than two million within days fain allegedly us more than one and a half million of the P P P loan proceeds to purchase eighty five thousand in jewelry including a Rolex presidential. Watch a diamond bracelet. A five point seven three carat diamond ring for himself and to pay forty thousand dollars.

Coming up next