‘LOVE & HIP HOP’ STAR MO FAYNE GETS 17 YEARS IN PRISON IN PPP LOAN FRAUD CASE Gotta Pay Back $4.4M!!!

Rapper Mo Fayne’s going away for a long, long time for his role in a PPP loan fraud case … he’s just been sentenced to 210 months in prison — that’s 17.5 years.
According to new legal docs, obtained by TMZ, the “Love & Hip Hop: Atlanta” star was hit with a prison sentence after pleading guilty to 6 counts, including bank and wire fraud.
Remember … prosecutors alleged he funded a lavish lifestyle during the pandemic with money from the Paycheck Protection Program. The money was intended to help employees and small businesses hit hard by COVID.
Fayne had cut a plea deal with prosecutors … who agreed to drop 14 other charges and recommend Fayne get a 151-month sentence. Instead … the judge hit him with nearly 5 more years behind bars. The silver lining … he was staring down a possible 30-year sentence if he didn’t cut that deal, so take that for what it’s worth.
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 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.

ATLANTA, GA – JULY 18: Maurice “Mo” Fayne attends “Ferrari Karlie” Single Release Party at Buckhead Loft on July 18, 2018 in Atlanta, Georgia. (Photo by Paras Griffin/Getty Images)

Blogs

CONGRATULATIONS TO COCO JONES ON HER ENGAGEMENT

CONGRATULATIONS TO COCO JONES ON HER ENGAGEMENT

Singer Coco Jones and NBA star Donovan Mitchell are engaged. Jones posted an Instagram photo of herself and Mitchell, where she showed off her ring. The couple had been dating for about a year, but both of them kept things quiet. Jones revealed that she and Mitchell were dating on Club Shay Shay in March.

AKON’S CITY IS A BUST

AKON’S CITY IS A BUST

Akon’s futuristic city in Senegal is not happening. The country has taken back the land for the multi-billion-dollar project, which was going to be called Akon City.Senegal will use the land for a resort built with private funding.Last year, Akon was given two weeks to start construction. After there was no movement, and Akon missed…

CRAIG ROBINSON LEAVING COMEDY

CRAIG ROBINSON LEAVING COMEDY

Craig Robinson is leaving comedy.In a recent post on Instagram, The Office actor shared that he’s giving up comedy to focus on “something bigger.”“Life update: I’m officially quitting comedy to focus on my true calling. Stay tuned. I’m working on something huge,” he wrote in the video caption.He teased what his next venture might be in a follow-up…

ANOTHER RECORD FOR SZA AND KENDRICK

ANOTHER RECORD FOR SZA AND KENDRICK

Kendrick Lamar and SZA’s Grand National Tour brought in some serious cash. Billboard reports that Grand National is the highest-grossing co-headlining tour ever. The outing has grossed $254.6 million with 1.1 million tickets sold from 23 shows. By comparison, JAY-Z and Beyoncé‘s On the Run II Tour is the only other joint tour to hit…