Tag Archives: SBA

Reality Television Personality Amongst First Prosecuted for PPP Fraud

It did not take long. On April 3, 2020, the Small Business Administration began accepting applications for companies to participate in the Paycheck Protection Program (“PPP”). By early May, the first criminal charges began to roll in. The most attention-getting of these was filed against Maurice Fayne, better known as “Arkansas Mo” from the VH1 reality television show “Love & Hip Hop: Atlanta.” On May 12, 2020, United States Attorney for the Northern District of Georgia charged Fayne with one count of bank fraud in violation of 18 U.S.C. § 1344, alleging that he defrauded United Community Bank in connection with a loan it issued under the PPP. This is among the first prosecutions arising in connection with a PPP loan. Continue reading Reality Television Personality Amongst First Prosecuted for PPP Fraud