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Wow! The federal government will not play with it in terms of fraud—especially those who use funds from the wage protection program (also known as PPL loans) for purposes other than business.According to the new documents obtained TMZ, Former star of “Love and Hip Hop: Atlanta” Mo, Arkansas, Karlie Redd’s ex-husband Mo Fayne is about to go to jail for 17.5 years after pleading guilty to six counts of fraud including bank and wire transfer.
As we previously reported, Mo used his PPP loan to pay $40,000 in overdue child support, $85,000 in jewelry, $136,000 in Rolls Royce, and $907,000 in new business in Arkansas. According to the Department of Justice, he submitted an application for a PPP loan of US$3.7 million and falsely claimed that his trucking business had 107 employees with an average monthly salary of US$1,490,200. Once Mo returns to prison, he will not get out of the predicament. He will be released under supervision for 5 years and ordered to pay USD 4,465,865.55 in damages.
As soon as the news came out, the roommates wanted to know the future fate of Blue Baby, because he was also accused of participating in a PPP loan scam, including wire fraud, bank fraud and conspiracy to commit wire fraud. More than 24 million U.S. dollars. As we reported earlier in May, the report stated that he was expected to plead guilty in the case. At the time, he was not worried about these allegations. At that time, he had a conversation with Hollywood Unlock and said that the time he might go to jail was really not a big issue. “I didn’t stumble. When I went out, I would be torn apart like Gucci Mane, and I would become one of the hottest rappers in the world,” he said. “My new single’Up Again’ will be released on Friday! What I said is’about their fucking n*ggas who tried to rob me but didn’t get sh*t!”
Roommates, what do you think?
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