Maurice Fayne, also known as Mo Fayne, is a trucking business owner and reality television star Know all about him in this article as like his Family and More
|Birthdate ( Age)||38|
|Place of Birth||United State|
|Parents||Name not Known|
|Profession||Trucking business owner and reality television star|
|Net Worth||$4.5 Million|
|Last Update||September 2021|
Maurice Fayne, also known as Mo Fayne, is a trucking business owner and reality television star in the United States. He best known for his appearance on the VH1 hip hop reality show Love & Hip Hop: Atlanta’s eighth season.
Karlie Redd, a hip-hop artist, was his guest on the show, and he featured as her partner. In May 2020, he made headlines after being arrested and charged with federal bank fraud.
Mo Fayne Wife
Maurice Fayne is the fiance of Love and Hip Hop Atlanta star Karlie Redd. The couple got engaged last summer and, since then their relationship has become the talk of the town. The engagement ring was reportedly worth $150K and it was made of 18-carat diamond.
Karlie Redd’s and her fiance were dating during the filming of the last season of Love and Hip Hop Atlanta. The reality TV star admitted that her relationship with then-boyfriend Sean Garrett was bygone and they were no longer dating when the show was aired.
Mo Fayne Net Worth
Maurice Fayne net worth is derived from his work in the shipping, trucking, and railroad industries. As of 2021 Maurice Fayne net worth is estimated to be $4.5 million. Since March 2012, he has been earning revenue as the owner of Fayne Trucking Llc.
He had Ooida Risk Retention Group, Inc. as his insurance agent, with coverage of $1,000,000 until October 22, 2013. The owner of the trucking company also reached an agreement with the carrier for coverage of $5,000 per vehicle, $10,000 per incident for freight insurance, and $75,000 for the bond/trust fund.
Mo Fayne Arrest, What happen to Mo Fayne?
Maurice, Atlanta’s star was charged with fraud of coronavirus relief loan. He used an emergency loan from the federal government to lease a Rolls Royce, make child support payments and purchase $85,000 worth of jewelry, authorities said Wednesday.
Maurice Fayne, who goes by Arkansas Mo on the VH1 show “Love & Hip Hop: Atlanta,” was arrested Monday on a charge of bank fraud, the Department of Justice said in a news release.Fayne, 37, is the sole owner of transportation business Flame Trucking and in April he applied for a loan that the federal government was offering to small businesses decimated by the coronavirus pandemic, officials said. In his application, Fayne stated his business employed 107 employees with an average monthly payroll of $1,490,200, the release said.
Fayne requested a Paycheck Protection Program loan for over $3 million and received a little over $2 million, officials said.He used more than $1.5 million of the loan to purchase jewelry, including a Rolex Presidential watch and a 5.73-carat diamond ring, the release said. Fayne also leased a 2019 Rolls Royce Wraith and paid $40,000 in child support.
When he met with investigators last week, Fayne denied spending the loan on anything besides payroll and business expenses. But on Monday, federal agents searched Fayne’s home and seized the jewelry and around $80,000 in cash, including $9,400 Fayne had in his pockets, the release said.