Mo Fayne is estimated to have a net worth of between $1 million and $3 million dollars. Here’s all you need to know about a reality television star who also happens to be the owner of a trucking company.
Maurice Fayne, also known by his stage name Mo Fayne, is a trucking company owner and reality television star from the United States of America.
Most people are familiar with him from his presence on the eighth season of the VH1 hip hop reality show Love & Hip Hop: Atlanta.
The show included Karlie Redd, a hip-hop performer who served as his partner on the show, and he was also credited as her partner. In May 2020, he made headlines when he was arrested and charged with bank fraud on the federal level.
In 2019, he gained national attention as a result of his appearance on the reality television show Love & Hip Hop: Atlanta.
Furthermore, it is difficult to get current information about his early life, parents, siblings, and educational background. As soon as new information becomes available, this post will be updated accordingly.
A graduate of The Harlem School of the Arts in Harlem, New York City, he went on to become an actor.
Mo Fayne’s Net Worth: How Much Money Does He Have?
Mo Fayne is estimated to have a net worth of between $1 million and $3 million dollars. The general public and the media, however, are still in the dark about his actual net worth estimates, which he has not yet revealed.
He is the owner of a variety of transportation companies. It is his entrepreneurial endeavours that provide him with the vast majority of his money.
His other endeavours include becoming a reality television celebrity and hosting a variety of shows. His net worth will be updated as soon as it becomes available.
The Case Against Mo Fayne and the Charges Against Him
Maurice, the most popular artist in Atlanta, has been accused with coronavirus relief loan fraud. His emergency loan from the federal government enabled him to lease a Rolls Royce, make child support payments, and purchase $85,000 in jewels in a matter of weeks.
“Love & Hip Hop: Atlanta” star Maurice Fayne, better known by his stage name Arkansas Mo, was detained on suspicion of bank fraud, according to authorities.
Jeremy Fayne is the sole proprietor of Flame Trucking, which is a transportation firm. In April 2020, he applied for a loan from the federal government to assist small companies that had been decimated by the coronavirus epidemic.
In his application, Fayne stated that his firm employed 107 employees and that the average monthly compensation was $1,490,200. According to the announcement, Fayne received an average monthly salary of $1,490,200.
According to authorities, Fayne requested a loan from the Paycheck Protection Program in the amount of more than $3 million, but only received a little more than $2 million in response.
His declaration stated that he used more than $1.5 million of the loan to purchase jewellery, including a Rolex Presidential watch and a 5.73-carat diamond ring, among other items. Fayne also paid $40,000 in child support and leased a 2019 Rolls Royce Wraith, according to the court documents.
Furthermore, Atlanta actor and rapper Mo Fayne has been sentenced to 17.5 years in prison and ordered to pay $4,465,866 in restitution for his part in a federal bank fraud scheme that occurred in 2013.
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