What Is Mo Fayne Net Worth? Love And Hip Hop Star Arrested For Fraud Case

What Is Mo Fayne Net Worth? Love And Hip Hop Star Arrested For Fraud Case

Mo Fayne’s net worth is believed to be between $1 million- $3 million. Here’s everything you should know about a reality TV star and trucking company owner.

Maurice Fayne, sometimes known as Mo Fayne, is a trucking company owner and reality television personality in the United States.

He is best known for his appearance on the VH1 hip hop reality show Love & Hip Hop: Atlanta’s eighth season.

Karlie Redd, a hip-hop musician, was his partner on the show, and he was featured as her partner. In May 2020, he made news after being arrested and accused of federal bank fraud.

In 2019, he shot to fame after appearing on the reality show Love & Hip Hop: Atlanta.

Furthermore, current information regarding his early life, parents, siblings, and education is difficult to come by. This post will be updated whenever the information is acquired.

He received his education at The Harlem School of the Arts in Harlem, New York.

Mo Fayne Net Worth: How Rich Is He?

Mo Fayne’s net worth is believed to be between $1 million – $3 million. However, he has not yet disclosed his exact net worth figures to the general public or to the media.

He owns a number of transportation businesses. His business pursuits provide him with the majority of his income.

In addition, he has pursued a career as a reality television personality. His net worth will be updated in the near future.

Mo Fayne Arrest Case And Charges Explained

Maurice, Atlanta’s biggest performer, was accused of coronavirus relief loan fraud. He leased a Rolls Royce, paid child support, and bought $85,000 in jewelry with an emergency loan from the federal government.

Maurice Fayne, better known as Arkansas Mo on VH1’s “Love & Hip Hop: Atlanta,” was arrested on a charge of bank fraud.

Fayne is the sole owner of Flame Trucking, a transportation company, and he asked for a loan from the federal government in April 2020 to help small businesses devastated by the coronavirus outbreak.

According to the announcement, Fayne indicated in his application that his company employed 107 people and had an average monthly salary of $1,490,200.

Fayne requested a loan from the Paycheck Protection Program for more than $3 million but only received a little more than $2 million, according to officials.

According to the announcement, he spent more than $1.5 million of the loan to buy jewels, including a Rolex Presidential watch and a 5.73-carat diamond ring. Fayne also paid $40,000 in child support and leased a 2019 Rolls Royce Wraith.

Moreover, Atlanta star and rapper Mo Fayne has been sentenced to 17.5 years in prison and must pay $4,465,866 in restitution for his role in federal bank fraud.